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US Company Uses Coal Waste to Run Bitcoin Mining Systems

US Company Uses Coal Waste to Run Bitcoin Mining Systems

One firm in Pennsylvania has figured out a way to make use of coal waste, and profit from cleaning the surroundings.

According to a report by Reuters, the newly established Bitcoin mining company Stronghold Digital Mining has reportedly started to use coal ash, which is left as waste from defunct coal power plants, to run Bitcoin mining farms.

While the effects on the atmosphere were not addressed, coal ash left on the ground, according to the post, may clog and pollute underground waterways. However, the company picks up the leftover ash and uses it for electricity to run its Bitcoin mining operations.

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What is a Bitcoin Faucet? Pros & Cons Explained (With Animations)

What is a Bitcoin Faucet? Pros & Cons Explained (With Animations) What is a Bitcoin Faucet? Pros & Cons Explained (With Animations)

CEO of Stronghold Digital Mining Greg Beard spoke on the incentive to use coal ash to mine crypto, stating:

"The bitcoin mining network itself is the largest decentralized computer network in the world, and it's power hungry, so co-locating bitcoin mining and a power plant makes a lot of sense."

While there have been several countries that decided to cut down on Bitcoin mining due to the vast amounts of electricity usage, people have been even more encouraged to continue crypto mining, especially with the Intel ASIC chips underway.

With that being said, it’s still unclear the actual effects of crypto mining on the environment. Back in January, creators of the Wikimedia Foundation were criticized for taking digital asset donations despite their stance on environmental sustainability.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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