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New York Hydro Power Plant Mines Bitcoin Because More Profitable Than Selling Electricity To Grid


by Tyler Durden
Sunday, Jul 11, 2021 - 07:00 PM
This year, some of the hottest trends in the crypto industry have been bitcoin adoption and environmental, social, and governance factors into crypto mining. 
Tesla CEO Elon Musk pushed bitcoin s environmental concerns into the forefront, calling for renewable energy to be used for mining instead of fossil fuels. It s no secret that bitcoin mining takes a massive amount of electricity. It s estimated that energy consumption exceeds the power consumption of countries like the Netherlands and the UAE. 
With the push towards ESG-Friendly bitcoin mining operations, there s one historic hydroelectric plant near Albany, New York, using power generated from its massive water turbines to mine crypto.  ....

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