Bitcoin mining is perhaps the most absurd activity one could imaging. It uses enormous amount of energy to produce an electronic blip for which some people would pay a fortune for. Its like the emperor without clothes.
Many of the people buying Bitcoin are doubtless fully also bought into the man made global warning Hoax now called Climate change - yes oaks CO2 is able to both warm and cool the climate. apparently we have been in a cooling phase for some time much to the annoyance of these nutters espousing ass this BS. Also these Greenies wh want everybody to survive on wind and solar power also buy bitcoin. Its like those arch hypocrites like Al Gore making a fortune out of the Climate Change hoax and flying around in private jets etc.
But of course the brain washed sheepies suck it all up as the suck up the C OVID BS.
Local residents say a power plant is heating Seneca Lake and emitting huge amounts of greenhouse gases.
The gas-fired plant is used to power at least 8,000 computers that are mining bitcoin.
The plant's CEO says it's operating within the law, and has created 31 jobs.
Local residents have blamed bitcoin mining for heating up the largest of the Finger Lakes in upstate New York, with one saying it's "so warm you feel like you're in a hot tub," according to a report by NBC News.
Their complaints centre on a gas-fired power plant that's being used to power at least 8,000 bitcoin mining computers. The plant draws water from Seneca Lake for cooling, then discharges the warmed water back into the lake.
Bitcoin mining is the process by which new bitcoins are created. The mining is done by specialised computers that solve complex calculations on behalf of the bitcoin network.
The power plant, Greenidge, which is being closely monitored by the Department of Environmental Conservation, is allowed to suck in 139 million gallons of water and discharge 135 million gallons daily. The discharged water can be as hot as 108 degrees in the summer and 86 degrees in winter, per permit documents viewed by NBC News.
"The lake is so warm you feel like you're in a hot tub," said Abi Buddington, who lives near the plant.
Private-equity firm Atlas Holdings bought the disused coal-powered site next to Seneca Lake, the largest of the Finger Lakes, in 2014, and reopened it as a natural gas plant in 2017.
At first the plant only generated energy for the grid when demand was high, but in 2019 Greenidge started using the plant to power bitcoin mining to make higher profits from surplus energy.