COAL POWER PLANT REOPENED FOR CRYPTO MINING
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.