7. 14. 21As the energy demands of cryptocurrency mining garner increased scrutiny, some mining operations are cutting out the middleman and setting up shop inside existing power plants.
These companies are in search of what's called "stranded power," which could be an existing power plant or an abandoned facility with access to dormant energy sources,mining company called Core Scientific moved into an old Levi's denim factory that had near-exclusive access to a nearby hydroelectric dam.
"That's why certain places like the old Alcoa [aluminum] factories are some of the most popular," Mike Colyer, CEO of the crypto mining supply company Foundry, told, "because they're very large buildings with a lot of installed electrical infrastructure, and the buildings were designed to remove heat, so they become natural places for mining."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CoinMarketCap News, Sept 15: A Big Moment for Ethereum, But There's Much More Work to Be Done | CoinMarketCapIn today's cryptonews: Editor's Note: Merge = Success Ethereum completes The Merge! 🔥 The end of the beginning 🚨 Craig Wright 'stomped' on hard drive 👀 South Korea may void Do Kwon's passport 🇰🇷 🚀 Thnks a millon 🚀 Perfect job! Are there any public contracts for gas reducing?
Source: CoinMarketCap - 🏆 290. / 63 Read more »
HSBC's CEO Explains Why Crypto Is Not in the Banking Giant's Future – Finance Bitcoin NewsBanking giant HSBC will not be offering crypto services, CEO Noel Quinn said, adding that HSBC is more negative on crypto than other banks. 🚀 Thnks a millon. Great !! The whole idea here is that you NO LONGER OWN OUR MONEY ! So thank you for the reassurance 🚀 Thnks a millon
Source: BTCTN - 🏆 531. / 51 Read more »
Coinbase App to Track US Politicians' Crypto-Friendliness Ahead of Midterm ElectionsThe coinbase app will let U.S. users track how crypto-friendly their local politicians are. The company wants to help pro-crypto candidates solicit donations from crypto community. By iamsandali coinbase iamsandali 🚀 Thnks a millon coinbase iamsandali Don't miss out on the only profitable Binance futures community, follow up for signals on Binance futures. coinbase iamsandali gm gm
Source: CoinDesk - 🏆 291. / 63 Read more »