A “sustainable” bitcoin firm has raised money to mine crypto by burning waste coal ...Middle East

Quartz - Economy
A “sustainable” bitcoin firm has raised money to mine crypto by burning waste coal
source : Quartz ( Middle East ) () 17
How much environmental karma do you earn if you mop up one type of pollution by creating another?Stronghold Digital Mining, a new, “ESG-friendly” bitcoin-mining firm, uses the electricity from the Scrubgrass Generating Plant in Kennerdell, Pennsylvania, to power its operations. Mining cryptocurrency is notoriously power-thirsty; every year, the bitcoin network generates emissions equivalent to the London metropolitan area, and at least 38% of bitcoin miners around the world use coal as their source of power.Scrubgrass burns not coal but waste coal—the stuff left over from coal mining, also called “culm” or “tailings.” At least 450 million tons of waste coal sits around in western Pennsylvani

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