mining bitcoin is hugely energy intensive. cambridge university estimates that the annual amount of energy used to mine bitcoin is equivalent to a country the size of colombia or bangladesh. there are nearly 10,000 bitcoin mining computers here and greenidge wants to build more. the company argues it s greener than bitcoin mines that use coal in the us and china and that they offset their emissions. but they re still pumping out carbon dioxide to make a cryptocurrency. i spoke to greenidge s chief executive, jeff kirt.
over £25,000, or $35,000, and all these computers need a lot of energy. the unique thing about this plant is it both creates energy and mines bitcoin, so these turbines actually create the energy, and then literally right next to them there are these massive bitcoining machines. that s kind of the unique selling point of company, that they do the whole thing in house. mining bitcoin is hugely energy intensive. cambridge university estimates that the annual amount of energy used to mine bitcoin is equivalent to a country the size of colombia or bangladesh. there are nearly 10,000 bitcoin mining computers here and greenidge wants to build more.
is equivalent to a country the size of colombia or bangladesh. there are nearly 10,000 bitcoin mining computers here and greenidge wants to build more. the company argues it s greener than bitcoin mines that use coal in the us and china, and that they offset their emissions. but they re still pumping out carbon dioxide to make a cryptocurrency. i spoke to greenidge s chief executive jeff kirt. some people would think it s absurd but at a time when a lot of people are trying to cut down on their carbon emissions,