Stronghold began to minute bitcoin using coal waste – Bits Media

The American Stronghold Digital Mining amid the growth of energy consumption in the extraction of cryptocurrencies switched to the use of coal power plants.

Greged General Greg Berd (Greg Beard) stated, that for the extraction of cryptocurrencies, his company uses "side Energy industry product ". And thanks to this decision, it does not damage the US National Energy System:

“The Bitcoin mining network is the largest decentralized computer network in the world. She consumes a lot of energy, Therefore, the placement of mining bitcoins near the coal power station has a large meaning ".

The general director explained, that the company uses coal ash, from old power plants, which takes on the nearest mine of Pennsylvania. Berd says, that the by -product is processed and enters the boiler room, where it is burned to generate electricity, sufficient for the production of bitcoins.

Berd claims, what, Using coal ash, The company protects the environment and the local population from the harmful effects of waste. There are heavy carcinogenic metals in these waste, which can, Having hit the groundwater, poison the environment and local residents. Co -chairman Stronghold Digital Mining Bill Spent (Bill Spence) sees serious prospects for the industry and declares directly, that mining is a "perfect niche for cryptocurrencies".

The problem of increasing consumption of mining electricity farms acquires a serious scale. According to research by Bloomberg, By the end 2021 year, energy consumption of bitcoin miners exceeded 91 TVT/h, whereas in 2020 year this figure was about 67 TVt / h. More and more mining companies are switching to alternative energy sources or go to a decrease in energy consumption. For example, in February, Texas miners voluntarily reduced the load on the mains under the threat of a snow storm. At the same time, the founder of the Investment Company Morgan Creek Digital Anthony Pompliano (Anthony Pompliano) sees in Bitcoin great value and considers, that the cost of electricity to maintain its ecosystem is fully justified.