Page 5 - Bitcoin Mining Operation News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Globally, cambridge university estimates that the amount of energy used to mine a year s worth of bitcoin is equivalent to around a quarter of the uk s annual energy use. greenidge argues that because it uses gas, it s greener than bitcoin mines that use coal in the us and china, and they ve pledged to invest in a solar energy plant. but the process still generates carbon dioxide, that greenidge says they offset. we are 100% carbon neutral in our bitcoin mining operation. but you re still putting fossil fuels into the air. you wouldn t need to offset them if this didn t happen. this is a gas plant, and approximately 50% of the grid in new york state is powered by natural gas so like all natural gas plants, whether it s in new york or the rest of the country, this plant does emit carbon. some local politicians, though, are concerned. do you want greenidge to close down? personally, it absolutely should. it should not be using fossil fuel to run these computer processors to benefit a few ....

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