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Gas-fired power plant burns fossil fuels to generate bitcoins in stunning example of total energy waste

Did you know that in the state of New York there’s a natural gas power plant currently in operation that has its own bitcoin mining rig? It’s known as Greenidge Generation, and about $50,000 dollars’ worth of the virtual cryptocurrency is “mined” there daily using gobs of fossil fuel energy.  Located in New York’s Finger Lakes region, the 65,000-square-foot facility is equipped with some 7,000 crypto mining machines that are capable of generating about 5.5 bitcoins per day. Built in 1937, the facility was originally a coal plant, but was later converted to natural gas.  Read more....

 

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