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Stronghold Digital Mining (SDIG), a crypto mining company in Pennsylvania, is turning waste from old power plants into energy to power hundreds of Bitcoin mining rigs.The company collects coal refuse, a leftover waste material from the process of coal mining, and burns it in what it says is an emissions-controlled
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This is an incredible feature of Bitcoin, which exists only because it is a single market, in which every miner competes for the same exact finite resource (new units of bitcoin). Thus, a new unit of hashrate no longer empowers existing miners, economically, speaking. If enough sustainable units come online,
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Bitcoin miners, by contrast, can be installed on even the remotest site, and connected to the Bitcoin blockchain wirelessly. As bitcoin adoption continues to grow, this has the potential to radically upend the logic of energy generation, including the utilization rate of “stranded energy” like El Salvador’s remote volcanoes, wasted
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Oil is central to the growth of the global economy and maintenance of political stability. But for an industry that plays such an important role in both shaping and maintaining the world around us, its business model is quickly becoming outdated. As the industry struggles to adapt to the
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