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BBCNEWS Click June 4, 2024 05:41:00

The computers there produce huge amounts of heat, but the arctic air can be sucked in as cooling, which eliminates the need to use more electricity on chilling systems. when crypto miners realised that it can get pretty cold here and electricity was pretty cheap, iceland s appeal became apparent, and now crypto mining in iceland uses more electricity than 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 ....

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BBCNEWS Click June 4, 2024 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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