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BBCNEWS Click August 4, 2021 00:44:00

So like all local natural gas plants, whether it s in new york and the rest of the country, this plant does emit carbon. some local politicians, though, are concerned. do you want greenidge to close down? personally, it absolutely should. it should not be using fossil fuel to run these computer processors to benefit a few people on wall street and leaving this for what? for what? it s not worth it. politicians around the world are still trying to work out how to deal with bitcoin s greedy energy consumption. companies like greenidge think that they are the future but plenty of others think that reopening plants like this is a step in the wrong direction. hello and welcome to the week in tech. ....

Natural Gas , New York , Wall Street , Computer Processors , Mining Bitcoin , Energy Consumption ,

Bragar Eagel & Squire, P.C. Is Investigating Applied

NEW YORK, Feb. 11, 2022 (GLOBE NEWSWIRE) Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating. ....

New York , United States , Queréro De Arteaga , Los Gatos , South Carolina , Alexandrab Raymond , Adam Feuerstein , Brandon Walker , Bragar Eagel Squire , Cerro Los Gato , Therapeutics Inc , Greenidge Generation Holdings Inc , Anavex Life Sciences Corp , Applied Therapeutics , Gatos Silver , Anavex Life Sciences , Greenidge Generation Holdings , Accelerated Approval , Applied Therapeutic , Chihuahua State , Los Gatos Project , Life Sciences , Generation Holdings , Bragar Eagel , Bragar Eagel Amp Squire , Applied Therapeutics ,

BBCNEWS Click August 6, 2021 01:42:00

To create bitcoin. they do that by tackling wickedly hard equations that need a lot of computer power to solve. in many ways, these computers are printing money. one bitcoin is currently worth over £25,000, or $35,000, and all these computers need a lot of energy. the unique thing about this plant is it both creates energy and mines bitcoin, so these turbines actually create the energy, and then literally right next to them there are these massive bitcoining machines. that s kind of the unique selling point of company, that they do the whole thing in house. mining bitcoin is hugely energy intensive. cambridge university estimates that the annual amount of energy used to mine bitcoin is equivalent to a country the size of colombia or bangladesh. there are nearly 10,000 bitcoin mining computers here and greenidge ....

Mining Bitcoin , Done Bitcoin , Computer Power , Printing Money , Mines Bitcoin , Selling Point , Tin House , Bitcoin Mining Computers , Cambridge University ,

BBCNEWS Click August 6, 2021 01:44:00

Bitcoin mining operation. we re the first and the only bitcoin mining company that has made that announcement. but you re still putting fossil fuels into the air. you might be offsetting them, but you are still putting fossil fuels into the air. you wouldn t need to offset them if this didn t. right. this is a gas plant and, you know, approximately 50% of the grid in new york state is powered by natural gas. so like all local natural gas plants, whether it s in new york and the rest of the country, this plant does emit carbon. some local politicians, though, are concerned. do you want greenidge to close down? personally, it absolutely should. it should not be using fossil fuel to run these computer processors to benefit a few people on wall street and leaving this for what? for what? it s not worth it. politicians around the world are still trying to work out how to deal with bitcoin s greedy energy consumption. companies like greenidge think that they are the future but plenty of othe ....

Fossil Fuels , Mining Bitcoin , Bitcoin Mining Operation , Natural Gas , Gas Plant , New York , Didn T , New York State , Wall Street , Computer Processors , Energy Consumption ,

BBCNEWS Click June 4, 2024 11:45:00

Some people would think it s absurd that at a time when a lot of people are trying to cut down on their carbon emissions, there s a plant that uses fossil fuels to mine bitcoin. well, i mean, first and foremost, we are 100% carbon neutral in our bitcoin mining operation. we re the first and the only bitcoin mining company that has made that announcement. but you re still putting fossil fuels into the air. you might be offsetting them, but you are still putting fossil fuels into the air. you wouldn t need to offset them if this didn t. right. this is a gas plant and, you know, approximately 50% of the grid in new york state is powered by natural gas. so like all local natural gas plants, whether it s in new york or the rest of the country, this plant does emit carbon. some local politicians, though, are concerned. do you want greenidge to close down? personally, it absolutely should. it should not be using fossil fuel to run these computer processors to benefit a few people on wall stre ....

Fossil Fuels , Mining Bitcoin , Carbon Emissions , Bitcoin Mining Operation , Gas Plant , Didn T , Natural Gas , New York , New York State , Wall Street , Fossil Fuel , Computer Processors ,