Environmental Concerns Arise Over Energy Needed To Mine Bitcoin

Environment: NPR


Making or mining. Bitcoin requires a lot of energy which can mean burning more fossil fuels now at the same time states are making a push for clean energy. So does something here have to give. Here's von golden from member station w. skg in new york's finger lakes about one hundred. People are walking down the shoulder of a highway overlooking seneca lake. They're heading down to the greenwich generation. Power plant the natural gas-fired facility generates some electricity. Oh what's gotten. The attention of. The activists is their generation of bitcoin. They're protesting today. Because greenwich is looking to expand. Its bitcoin mining. That would probably mean burning. More natural gas emitting more greenhouse gases. Yvonne taylor is vice. President of seneca lake guardian and is leading the opposition to greenwich. We simply cannot allow this ludicrous scheme of burning fossil fuels to make fake money in the midst of climate generating or mining. Cryptocurrency is complicated. there's no actual mining the gist. Is that a whole lot of computers. Do a whole lot of calculations to create digital currency that requires a ton of energy which can mean burning more fossil fuels. And that's the case with greenwich. The plant isn't always producing electricity for the grid so a few years ago. They figured out they could make a profit by using excess power to mind bitcoin. Dale irwin manages. The plant came up to that. It was a very good business solution for irwin. Won't say exactly how much more the plant will emit with its expansion. Only that it'll be in compliance with its

Coming up next