The defense from Bitcoiners is that this is still “good” overall: This is energy that would otherwise be wasted, and the share of renewables will grow. The Siberian city of Norilsk, for example, now hosts the Arctic’s first crypto farm. It’s made from scrap metal, kept cool by sub-zero temperatures and powered by cheap gas and hydropower from mining company (the traditional kind) MMC Norilsk …More
The defense from Bitcoiners is that this is still “good” overall: This is energy that would otherwise be wasted, and the share of renewables will grow. The Siberian city of Norilsk, for example, now hosts the Arctic’s first crypto farm. It’s made from scrap metal, kept cool by sub-zero temperatures and powered by cheap gas and hydropower from mining company (the traditional kind) MMC Norilsk Nickel PJSC.
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Bitcoin Is an Incredibly Dirty Business

This is virtual money with a real carbon footprint. By , January 26, 2021, 8:45 AM GMT+1 Bitcoin mining in the Arctic. Photographer: Andrey Rudako…