Excess electricity generation is always wasted. US power plants simply install mining machines to mine Bitcoin

Excess electricity generation is always wasted. US power plants simply install mining machines to mine Bitcoin

When the Bitcoin market was hot in the past two years, there were often news reports about stealing electricity for mining. Unexpectedly, with the passage of time, power plants have simply deployed mining machines to mine cryptocurrencies. According to foreign media reports, there is a natural gas power plant operated by Greenidge Generation in Dresden, New York, where 7,000 Bitcoin mining machines are running day and night, producing 5.5 Bitcoins per day, currently worth about $45,000.

The reason for mining is that power plants always have surplus electricity, and these power resources that do not need to be distributed to the power grid are often wasted. At present, the power consumption of 7,000 mining machines is 14 megawatts. GG, which has tasted the sweetness, plans to increase it to 106 megawatts in the future.
It is reported that the gas power plant was transformed from a thermal power plant in 2017 and covers an area of ​​about 9 acres. The income obtained by cooperating with manufacturers to mine Bitcoin is used to further transform the power plant's infrastructure.
However, mining does not seem to be sustainable as Bitcoin is becoming increasingly difficult to mine.

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