Cryptocurrency Has Raised Environmental Concerns Local Governments Are Stepping In

Environment: NPR


It was big news when he lawn. Mosque said tesla would accept bitcoin as payment for cars but just a few days later he abandoned the policy citing the rapidly increasing use of fossil fuels to run the computers. The general bitcoin similar concerns have us jurisdictions now writing. New rules for so called crypto. Minors meghan my scott ski reports. This video shows the space that bitcoin mining company called block used to occupy in a former plywood mill. Just outside of missoula montana jason von. The former site manager says entering. The building was almost like stepping into a giant erector set and most of its steel and metal. There's just like hundreds of thousands of little blinking light. Someone those lights were on racks and racks of computers. They used to generate the crypto currency. Bitcoin by solving complicated mathematical problems that requires intense amounts of computational power and electricity and hyper wlac grew rapidly to become one of the largest bitcoin mining operations in north america concerns about how much energy it used. Drew the attention of missoula's county commissioners these say at its peak. The data center used as much energy as about a third of all households in the county. They started crafting. New regulations missoula counties sustainability program manager. Diana mineta we thought quite a lot about this not wanting to prohibit this industry in the county but wanting to figure out. How do we make this compatible with. The county is values in the county schools. 'specially the goals related to climate. Change the new. Rules require crypto currency companies to develop or by renewable energy equal to the amount they use jason bond with hyper block says the rules along with a pandemic dip in. Bitcoin value drove his company to bankruptcy. Just as it was preparing to expand its operations by three times

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