23 December 2024

Howe Street Reporter Title

Tag: environmental cost of cryptocurrency mining

  • What are the hidden costs of Riot Blockchain’s (RIOT.Q) Texas expansion?

    What are the hidden costs of Riot Blockchain’s (RIOT.Q) Texas expansion?

    Riot Blockchain’s (RIOT.Q) latest addition to their Bitcoin mining and hosting empire, to the tune of 1 gigawatt in Texas, isn’t good for either Bitcoin or the environment, or you. Granted, not everything Riot’s doing is horrible. They’ve managed to offset a good chunk of their electrical bill by adding immersion cooling to their equipment,…