Cryptocurrency firms are positioning themselves as an ally in the climate fight, saying they want to help grow renewables, but many researchers and residents aren't convinced
Bitcoin companies in Texas venture into renewable energy deals
Cryptocurrency firms still using mainly dirty power, experts say
Residents mobilize against crypto projects in their backyard
By Avi Asher-Schapiro
CORSICANA, Texas, Sept 6 (Thomson Reuters Foundation) - As temperatures crept above 100 degrees Fahrenheit (37.8C) on a July day, air-conditioners across Texas churned overtime and demand on the U.S. state's electricity grid flirted with a new demand record: 80 gigawatts (GW), nearly double the daily average.
But at a recently set-up bitcoin mine in West Texas, the computers were turned off, with only a trickle of power flowing to keep the lights on and the air cool.
As electricity prices hit $5,000 per megawatt hour on a hot day, it was no longer profitable to run the machines that compete to verify...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...