A once coal-fired plant in rural, upstate New York stands at the center of a battle over Bitcoin. Greenidge Generation LLC mines “proof-of-work” cryptocurrency — the bitcoin cryptocurrency process requiring a massive amount of computing power. According to a Cambridge University analysis, globally, Bitcoin uses more electricity annually than the whole of Argentina.
For a small town in the Finger Lakes region, hosting Greenidge for bitcoin mining is seen as a blessing or a curse…
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