Stronghold Digital Mining, a cryptocurrency mining company, has acquired the Panther Creek power plant in the United States to mine bitcoins. This was reported on the Cointelegraph website. The project was implemented as part of the program for "environmentally friendly mining of cryptocurrencies."
The station will burn coal dumps in Pennsylvania, left over from coal mining in the 19th and 20th centuries. Today, the dumps have become one of the state's serious environmental problems, because they release carbon dioxide into the air, and also pollute groundwater with manganese, iron and other substances.
The company agreed to recycle the resulting dumps. According to experts, the organization will be able to mine 1 bitcoin using 200 tons of burned fuel. After clearing the territories, they will be transferred to the possession of the local authorities.
In this case, the environmental friendliness of bitcoin mining is questionable. Coal energy is considered the dirtiest among the rest. Low-quality coal plants are capable of emitting up to 1200 tons of carbon dioxide when generating 1 GWh of energy. Together with it, sulfur, nitrogen dioxide, various solid fractions and much more are sent into the atmosphere.
However, this is not the first powerhouse used to mine cryptocurrency. In July, the owner of one of the oldest hydroelectric power plants in the United States redirected its capacity to mining. According to him, this is three times more profitable than selling energy to the grid.
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