Throughout the summer, CoinDesk traveled to two U.S. states to visit bitcoin (BTC) mines to see how, even in the midst of a crypto winter, miners are still building data centers to power the Bitcoin network.
Bitcoin miners have had a tough few months as the price of the world’s largest cryptocurrency has dropped precipitously. With low bitcoin prices, miners’ revenues have diminished, and some have been forced to sell their mined tokens, machines and even facilities for cash to run their operations.
On top of that, the Biden administration on Sept. 8 dropped a report calling for industry standards to limit cryptocurrencies’ environmental footprint. Should these fail, authorities and legislators in the U.S. should consider measures to limit or eliminate energy-intensive proof-of-work algorithms that bitcoin miners use to drive the Bitcoin network, the report recommended.
Still, bitcoin miners are busy building out more capacity. Visiting these sites shows how the industry in the U.S....
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