Cryptocurrency miners are buying up old and unused power plants across the United States to get ahold of the cheap and reliable electricity needed to run their operations. Mining for bitcoin and other cryptocurrencies requires large amounts of electricity, and miners are willing to pay top dollar for access to power plants that can provide […]
Why Does Bitcoin Use So Much Energy
Bitcoin is a cryptocurrency and a payment system, first proposed by an anonymous person or group of people under the name Satoshi Nakamoto in 2008. Bitcoin is unique in that there are a finite number of them: 21 million. Bitcoins are created through a process called “mining”. Miners are rewarded with bitcoins for verifying and […]
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