06 July 2021, 05:07 pm
Bitcoin and cryptocurrency mining, in general, have established negative stigma for their all-encompassing effects on the tech industry. Probably, they couldn t use even worse press than this.
(Photo : FABRICE COFFRINI/AFP via Getty Images) Alpine Mining co-founder and CEO Ludovic Thomas works at company s main cryptocurrency mining site jam-packed with metal racks lined with hundreds upon hundreds of graphic cards in the tiny southern Swiss village of Gondo on March 9, 2018.
According to a report by ArsTechnica, a certain former fossil fuel power plant-turned Bitcoin mining center is consuming so much power that it s heating up Seneca Lake in upstate New York. That s on top of polluting the surrounding atmosphere by constantly burning natural gas to power the cryptocurrency operation.