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July 13, 2021 11:28 am GMT
The idea is to begin a narrative reversal around the environmental cost of cryptocurrency mining - if power is provided by cleaner technology, cryptocurrency mining's carbon footprint is bound to be reduced, in turn increasing attractiveness for environmentally-conscious businesses. Elon Musk, for one, made waves in both news outlets and cryptocurrency markets (and value) when he announced the decision for Tesla to cancel acceptance of Bitcoin as payment for its vehicles, citing environmental concerns regarding power sources keeping Bitcoin's blockchain secure. Another company, Energy Harbor Corp, announced a five-year collaboration with Standard Power to power its Bitcoin blockchain mining center in Coshocton, Ohio, starting December this year.
Original Link: https://www.techpowerup.com/284470/crypto-goes-nuclear-pennsylvania-and-ohio-to-be-home-to-nuclear-powered-cryptomining
Crypto Goes Nuclear: Pennsylvania and Ohio to be Home to Nuclear-Powered Cryptomining
Crypto is going nuclear in the not so distant future, as US company Talen Energy revealed plans to construct a cryptomining data center in the immediate vicinity of the Susquehanna Steam Electric Station in Pennsylvania. Initial power consumption of the installation is expected to settle around 164 MW, with that figure climbing up to 300 MW once the infrastructure is complete - powered by dual 1+GW nuclear units and two independent substations. Talen Energy estimates maximum on-site power in the order of 1 GW.The idea is to begin a narrative reversal around the environmental cost of cryptocurrency mining - if power is provided by cleaner technology, cryptocurrency mining's carbon footprint is bound to be reduced, in turn increasing attractiveness for environmentally-conscious businesses. Elon Musk, for one, made waves in both news outlets and cryptocurrency markets (and value) when he announced the decision for Tesla to cancel acceptance of Bitcoin as payment for its vehicles, citing environmental concerns regarding power sources keeping Bitcoin's blockchain secure. Another company, Energy Harbor Corp, announced a five-year collaboration with Standard Power to power its Bitcoin blockchain mining center in Coshocton, Ohio, starting December this year.
Original Link: https://www.techpowerup.com/284470/crypto-goes-nuclear-pennsylvania-and-ohio-to-be-home-to-nuclear-powered-cryptomining
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