How Bitcoin mining devastated this New York town
Crypto-mining isn't the answer to all your financial woes. In 2017, almost ten years after the launch of Bitcoin, a crypto-mining race began overnight with hundreds of thousands of people desperate to become the next cryptocurrency multi-millionaire. However, while it's been good to some, local communities are paying the price. Lois Parshley examines how crypto mining has impacted a New York community, from electricity shortages leading to blackouts to the worsening climate crisis, with cryptocurrency's energy usage predicted to produce an additional 32.5 million metric tonnes of CO2 per year.
From MIT Technology Review