Energy Costs of Processing Bitcoins
An excellent article on the Greenidge plant (southeast of Rochester)and bitcoins. The processing of bitcoin transactions is very energy intensive and is done at this plant “behind the meter” to avoid the regulations that cover normal power plants. It is useful to read the whole article to get a feeling for how bad this is with regard to the use of natural gas. https://www.newyorker.com/news/daily-comment/why-bitcoin-is-bad-for-the-environment
