COAL POWER PLANT RE­OPENED FOR CRYPTO MIN­ING

TechLife Australia - - DISCOVER -

THE FU­TURE TURNS TO THE PAST FOR POWER. The tax­ing com­pu­ta­tional al­go­rithms that keep cryp­tos se­cure and valu­able re­quire ex­or­bi­tant amounts of power. One Aussie startup is about to re­open a coal plant to pro­vide power to a new Blockchain Ap­pli­ca­tion Cen­tre that can sat­isfy the heavy en­ergy needs of com­pa­nies that mine or use blockchain. Sadly, the growth of cryp­tos has out­paced re­new­able en­ergy, so the for­ward think­ing busi­nesses have to rely on dated meth­ods of com­pet­i­tively priced en­ergy cre­ation.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.