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New York Bitcoin Miners Are Buying Up Power Plants—and Communities Are Fighting Back

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Submitted ⁨⁨2⁩ ⁨days⁩ ago⁩ by ⁨Pro@programming.dev⁩ to ⁨technology@lemmy.zip⁩

https://insideclimatenews.org/news/10052025/new-york-bitcoin-mines-buying-up-power-plants/

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  • chicken@lemmy.dbzer0.com ⁨2⁩ ⁨days⁩ ago

    Besides the climate implications, this highlights the centralization risks in Proof of Work mining; the only way to mine Bitcoin profitably is if you have some kind of privileged access to electricity with effectively low ongoing cost, and that access is gated by government regulation.

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  • pezhore@infosec.pub ⁨2⁩ ⁨days⁩ ago

    Yeah! Don’t use power plants for crypto. Use it for AI, as god intended.

    /S

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