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A Bitcoin boom fueled by cheap power, empty plants and few rules - Vimarsana News

A Bitcoin boom fueled by cheap power, empty plants and few rules

A Bitcoin mining operation is opening northeast of Niagara Falls this month on the site of the last working coal plant in the state of New York. Across the state, a former aluminum plant in Massena, already one of the biggest cryptocurrency sites in the United States, is expanding. And in Owego, a metal-recycling mogul with 11.3 million Instagram followers is making a gritty

How upstate New York became a haven for Bitcoin miners - Vimarsana News

How upstate New York became a haven for Bitcoin miners

A Bitcoin mining operation is opening northeast of Niagara Falls this month on the site of the last working coal plant in the state of New York.

Source: boston.com
BERNSTEIN | The Concerning Environmental Effects of Bitcoin Mining in the Finger Lakes - Vimarsana News

BERNSTEIN | The Concerning Environmental Effects of Bitcoin Mining in the Finger Lakes

Crypto is undoubtedly revolutionary and a crucial part of our future in the decentralization and democratization of currency. Cryptocurrencies are based on blockchain, and unlike fiat currencies, there’s no federal reserve or central authority backing the money. This can be a really good thi

Will industrial-scale bitcoin mining impact the environment? - Vimarsana News

Will industrial-scale bitcoin mining impact the environment?

The opportunity to make big money is attracting huge investments to industrial-scale bitcoin mining, with thousands of supercomputer mining machines and enormous energy demand.

Bell Station Auction Cancelled - Vimarsana News

Bell Station Auction Cancelled

NYSEG and Governor Kathy Hochul reached an agreement on Sept. 24 to cancel the online auction for the Bell Station property that was scheduled to take place on Oct. 11.

Source: ithaca.com