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Tuesday, April 11, 2023

Bitcoin mines can cause pollution, raise electricity bills: Report

The report, which was published by the paper on Monday, stated that 34 large-scale Bitcoin mines had been discovered in the United States, all of which were exerting significant strain on the electrical

• April 11, 2023
The Bitdeer mine in Rockdale, Texas (Credit: Jordan Vonderhaar/New York Times)
The Bitdeer mine in Rockdale, Texas (Credit: Jordan Vonderhaar/New York Times)

A new article by the New York Times, an American leading daily, has revealed that the actions of Bitcoin miners may cause pollution and raise electricity rates for individuals living in locations where they operate.

The report, which was published by the paper on Monday, stated that 34 large-scale Bitcoin mines had been discovered in the United States, all of which were exerting significant strain on the electrical system.

The study which focused on Bitcoin miners and operators in the U.S. claims that their activities can have an adverse impact on those in their immediate vicinity, by increasing electricity costs and causing significant carbon pollution.

The New York Times has identified 34 such large-scale operations, known as Bitcoin mines, in the United States, all putting immense pressure on the power grid and most finding novel ways to profit from doing so. Their operations can create costs — including higher electricity bills and enormous carbon pollution — for everyone around them, most of whom have nothing to do with Bitcoin,” the report read.

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