Arkansas Electric Utility to Offer Energy Sweetener to Battered Crypto Miners
A special electricity tariff is being offered to the crypto miners by the Arkansas’ biggest power utility.
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A special electricity tariff is being offered to the crypto miners by the Arkansas’ biggest power utility.
Bitcoin mining facilities in the U.S. use up to 1.4% of domestic electricity, producing greenhouse gas emissions equivalent to seven million gasoline-powered cars.
Profit in the winter, but there is a heat to turn crypto mining into something more fruitful. >> in the spring, we're going to support a swedish company, and they're building a huge greenhouse in the back of the data center. we will have tomatoes and cue come cucumbers grown around sweden. you look at it it's incredible. >> reporter: a crypto cucumber. no wasted energy. >> no wasted energy. >> reporter: anna stewart, cnn, bowden, northern sweden. well, that wraps this hour of "cnn newsroom." i'm kim brunhuber. you can follow me on twitter @kimbrunhuber. for viewers in north america, "cnn thi...
Exchange as well as its sister hedge fund. despite the turmoil, crypto mining is still a hot process. as shown to us in this report from sweden. >> well, this is somewhat a cryptocurrency mine looks like. just rows and rows of computers that are 116,000 bits. as you can hear, it sounds pretty noisy. and it is really hot next to the machines there's a matter of 130 degrees difference between here and here from when getting to the cold from outside. but you can feel the energy that's coming out of these. lots of power, a small city, one of the reasons why crypto mining is so controversial. that'...
Environmental groups say crypto mining is incompatible with New York's goals to fight climate change.