Bitcoin mines require a lot of energy to power the computers inside. Greenidge Generation in New York has converted a former coal plant into a gas-fired Bitcoin mine.
Facing criticism from environmentalists, the company argues it offsets its emissions, is 100% carbon neutral, and has plans to invest in solar energy.
Off-setting emissions is still creating emissions -- all it does is leaves no improvement in emissions -- and that only providing the emissions genuinely are offset, but we need to be reducing emissions, not (at best) holding the line.
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