The concept of Bitcoin mining is always met with a lot of criticism. Atlas Holding LLC shows this can be easily in New York without causing any problems.
Bitcoin mining requires a lot of electricity to power dedicated hardware.
Those electricity amounts have been a topic of substantial debate among researchers.
Most of those claims have been discredited, as they are not based on factual information.
Some companies don’t care too much about those papers and simply do their own thing.
Atlas Holding LLC, which runs a power plant in New York’s Finger Lakes region, is actively mining Bitcoin.
Thanks to roughly 7,000 mining units, the company generates 5.5 BTC per day.
All of the electricity comes from renewable sources, and the power costs are predictable and low-cost.
With a power consumption of 15 megawatts, the operation is seemingly very efficient.
The power plant itself outputs 106 megawatts of capacity per day.
Since the plant only runs during times of peak demand, the “excess” electricity needed to be put to better use.
With the current Bitcoin price, this can be a somewhat lucrative operation.
However, later this year, there will be a block reward halving.
It will be interesting to see which miners will continue their operation from that point forward.
Starting this week with a sell-off, Avax found support and recovered after registering a double-digit…
On April 7, Smart Money and well-known crypto figure 0xSun (@0xSunNFT) shared a candid market…
In a striking reversal of fortune, the Retard Finder Coin ($RFC), a memecoin based on…
The cryptocurrency world does not stand still; it is constantly in its own state of…
In the past 24 hours, Bitcoin's price tumbled by 10%, but the amount of liquidations…
After trending briefly bearish for three months, XRP looks ready for a major sell following…