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Transcripts for BBCNEWS Click 20240604 14:42:00

The country s homes. but a long way from this country, there is a decommissioned coal plant which has been converted into a gas fired power plant all in the name of mining bitcoin. sounds unbelievable, doesn t it? here s james clayton. this is an energy plant with a big difference. a former new york coal plant, its owners greenidge generation have decided to bring it back to life, converting it into a gas fired power station with a twist. what s happening here is part of a modern day gold rush. but they are not mining minerals here, they re mining bitcoin. these computers all have one singular goal: to create bitcoin. they do that by tackling wickedly hard equations that need a lot of computer power to solve. in many ways, these computers are printing money. 0ne bitcoin is currently worth ....

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Transcripts for BBCNEWS World Business Report 20240604 04:42:00

New york that has its own gas fired power plant. the arabs plant, greenwich generation, have decided to convert to a gas fired power station with a twist. convert to a gas-fired power station with a twist.- station with a twist. bitcoin is a type station with a twist. bitcoin is a type of station with a twist. bitcoin is a type of currency - station with a twist. bitcoin is a type of currency you i station with a twist. bitcoin | is a type of currency you can mostly buy and sell on line. these thousands of commuters are competing to verify the millions of that coin transmit actions around the world and if they succeed, they will be rewarded with a new bitcoin. 0ne bitcoin is currently worth over £28,000 on these computers need a lot of energy. the unique thing about this plant, it generates activity activity and minds bitcoin s. it will actually create the energy and literally, right next to it, ....

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Transcripts for BBCNEWS BBC News 20240604 05:40:00

Difference. a former new york coal plant, its owners greenwich generation have decided to bring it back to life, converting it into a gas fired power station with a twist. what is happening here is part of a modern day gold rush. but they are not mining minerals here, they are not mining minerals here, they are not mining minerals here, they are mining bitcoin. bitcoin is a type of virtual money or cryptocurrency made up of computer codes you can mostly buy and sell online. these thousands of computers are competing to verify the millions of bitcoin transactions happening around the world. and if they succeed, they are rewarded with a new bitcoin. there are essentially creating money online. 0ne bitcoin is currently worth over £28,000. these computers need a lot of energy. the unique thing about this plant is it generates electricity and mines bitcoin. these are the turbines that create the energy. and then literally, right next to it, you have computers that are using that electricit ....

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