Tag: electricity

  • How Bitcoin mining devastated this New York town

    How Bitcoin mining devastated this New York town

    Economist Matteo Benetton, a coauthor of the paper and a professor at the Hass School of Business at the University of California, Berkeley, says that crypto mining can depress local economies. In places with fixed electricity supplies, operations suck up grid capacity, potentially leading to supply shortages, rationing, and blackouts. Even in places with ample […]