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Bitcoin’s new puzzle: How to ditch fossil fuels and go green

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For the past year a company that “mines” cryptocurrency had what seemed the ideal location for its thousands of power-thirsty computers working around the clock to verify bitcoin transactions: the grounds of a coal-fired power plant in rural Montana.

Some want the government to step in with regulation.

Anne Hedges with the Montana Environmental Information Center said that before Marathon Digital showed up, environmental groups had expected the coal-fired power plant in Hardin, Montana, to close. While the method uses far less electricity, some critics argue proof-of-stake blockchains are less secure.

“This is a step to proving our thesis that bitcoin mining can fund zero-emission power infrastructure," said Adam Back, CEO and co-founder of Blockstream.

 

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Bitcoin’s new puzzle: How to ditch fossil fuels and go greenFor the past year a company that “mines” cryptocurrency had what seemed the ideal location for its thousands of power-thirsty computers working around the clock to verify bitcoin transactions: the grounds of a coal-fired power plant in rural Montana
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