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BTCC / Hashtag / environmental criticism bitcoin miners nuclear power
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Is nuclear power the future of bitcoin mining?

As the bitcoin mining industry grapples with criticism over its energy use, nuclear power is emerging as its source of the future. Is Nuclear Power The Future Of Bitcoin Mining? | Nasdaq

Is bitcoin mining a threat to the environment?

One reason bitcoin mining is seen as a threat to the environment, critics say, is that new operators of power plants may continue to use permits issued years earlier without undergoing in-depth environmental assessments. The Seneca Lake power plant, owned by Greenidge Generation LLC, in January. Abi Buddington

Why is bitcoin mining so energy intensive?

But as Bitcoin’s popularity surged, mining required more computing muscle, outstripping what most home computers could handle. That made mining increasingly energy intensive. Crypto companies began trying to repurpose old, coal-burning power plants and generate “behind the meter” electricity. That’s where the bill that was passed last week came in.

Is there an opportunity for crypto miners elsewhere?

This has created an opportunity for miners elsewhere, as the power behind crypto becomes less dependent on one place. Photo illustration: Sharon Shi Bitcoin miners, under fire for their sizable environmental footprint, are forging partnerships with owners of struggling nuclear-power plants with electricity to spare.

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