Rich Conway
Footballguy
https://thebulletin.org/premium/2022-07/how-bitcoin-makes-burning-fossil-fuels-more-profitable-than-ever/
This seems like a terrible idea. Specifically, states are offering companies subsidies to purchase abandoned coal power plants and fire them up again for the purpose of Bitcoin mining. Yup, that's right. PA, NY, and others are going to pay corporations to trash the environment. The companies will then produce... nothing, just Bitcoin that the companies keep for themselves.
This seems like a terrible idea. Specifically, states are offering companies subsidies to purchase abandoned coal power plants and fire them up again for the purpose of Bitcoin mining. Yup, that's right. PA, NY, and others are going to pay corporations to trash the environment. The companies will then produce... nothing, just Bitcoin that the companies keep for themselves.