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The feds want data from crypto miners. The miners may file suit to block the request.
A cold climate and cheap energy have made Russia a destination for bitcoin mining. But new factors confront its cryptocurrency efforts.
New York’s denial of a power plant permit highlights what’s at stake for the crypto industry and communities fighting to meet climate goals.
The 2-year moratorium prevents the repurposing of fossil-fuel burning power plants into crypto mining operations.
Usually the gas is burned off at the well. Environmentalists say using it for mining incentivizes more drilling.
The miners have blown through one town’s allocation of cheap power, while another has put a moratorium on new mining operations.
Ingredients: Tens of thousands of powerful computers, enough energy to power all of Poland. Yield: More than $30 million in newly minted bitcoin every day.
