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On Thursday local reports from Mechanicville, the city located in Saratoga County, New York, say that an old hydroelectric plant constructed back in 1897 was almost dismantled, but today the plant is mining bitcoins. The Mechanicville facility is considered one of the oldest renewable energy plants in the world, and it’s now making “more money […]Powered by WPeMatico
The topic of cryptocurrency mining has been highlighted from many different angles over the past few months. Especially when it comes to the concept of mining Bitcoin, there are some interesting challenges ahead. According to the UK’s National Grid, Bitcoin mining is not a big risk to Britain’s electricity infrastructure. UK’s Power Grid and Cryptocurrency Mining In most countries around the world, people engaging in mining Bitcoin and other cryptocurrencies are perceived as a big threat. More specifically, the energy consumed in the process of mining cryptocurrencies should not be underestimated. Various reports have been issued suggesting that Bitcoin mining isPowered by WPeMatico