Bitcoin Mining Firm Joins Hands With Closing Coal Plant, Environment Pays The Consequences

The impact on the environment due to cryptocurrency mining has increased the concern of countries around the world. Due to the huge amount of energy spent in cryptocurrency mining, electricity crisis has increased in many countries. Now another news related to this is surprising. According to a new report, last year crypto miners in Montana, USA, helped restart a dying coal plant. Because of this, there was a shocking increase in carbon emissions.

Guardian’s Report According to the report, the 115 MW coal plant in the southern part of Montana was to be closed in 2018 because it was not getting good business. This plant was about to close that at the end of the year 2020, bitcoin mining company Marathon made a deal. Under this she became the sole customer of the coal plant.

Anne Hedges, co-director of the Montana Environmental Information Center, told the Guardian she was horrified to see all this happening. Due to this coal plant, about 1 lakh 87 thousand tonnes of carbon dioxide was emitted in the second quarter of 2021. In the year 2020, it is almost 5000 percent more than during the same period. Similarly, 2 lakh 6 thousand tonnes more carbon dioxide was emitted in the third quarter. This was an increase of 905 per cent.

In 2021, the Wall Street Journal reported the Montana plant for the first time. By the way, it is not unusual for bitcoin mining to use so much electricity. According to statistics, in the year 2017, 159 countries were using more electricity than the requirement of bitcoin mining. In January this year, Kosovo, located in South-East Europe, banned it completely, in view of the huge amount of electricity used in crypto mining.

Despite these figures, bitcoin supporters seem to be standing in its favor. Fred Thiel, chief executive of bitcoin mining company Marathon, said that washing machines in the US use more energy than this.
He told the Guardian that some people like to describe bitcoin mining as a bad boy, but it doesn’t matter when compared to other industries.

The bitcoin mining marathon has its arguments. It also plans to expand itself in the future, which is also mentioned on the company’s website. Obviously this will make the problem worse. This affects the morale of those companies, which are running with the goal of zero carbon emissions in the coming times.