Stronghold Digital Mining Using Coal Power Plant Waste in Bitcoin Mining

1648050963 bitcoin mining

Last updated March 23, 2022

A company in western Pennsylvania claimed they had developed a method to make energy from the waste material from the coal plants. And they use the generated energy in crypto mining.

Crypto mining, huge power consumption and environmental pollution are big questions against the crypto industry as these things are the most important basic parts to bring the crypto and blockchain transactions to life. Due to such concerns, most of the major Crypto mining companies are working to establish some better renewables to keep crypto mining operations running smoothly.

On March 22, Reuters released a report on Stronghold Digital Mining, a western Pennsylvania-based company. According to the report, this company generates huge amounts of electricity from the waste of decades-old coal-fired power plants.

Greg Beard, Stronghold’s chief executive officer, said:

“The Bitcoin mining network itself is the largest decentralized computer network in the world, and it requires a lot of energy, so it makes sense to put Bitcoin mining and a power plant together.”

Stronghold’s method is notable because these coal-fired residues cause enormous pollution in the water pipes, which increases the acidity of the water.

According to the Finbold report, experts in the field noted that this waste from coal-fired power plants usually goes to places where it can be used. For example in cement factories and also in those places where people extract coal because it can be regenerated there again to grow back as pure coal.

Currently, technology-based concept projects from Metaverse, Web3, and NFT are being developed to use in real life. And all these things needed tremendous power and energy, so it will be a good step for the future of such blockchain technology related project.

Last year, Tesla, the largest producer of electric cars, suspended Bitcoin from its payment method, claiming that Bitcoin is responsible for huge environmental problems and carbon emissions, so the company will not accept Bitcoin.

Also read: Ethereum classic (ETC) gains 82% due to the influx of miners

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