Is Bitcoin a Waste of Electricity, or Something Worse?

Photo Tom Pillsworth, right, whose company operates and maintains Bitcoin machines located at a former paper warehouse in Plattsburgh, N.Y. Credit Jacob Hannah for The New York Times WASHINGTON — A manufacturing start-up recently announced plans to move into a shuttered aluminum factory in upstate New York, taking advantage of abundant cheap electricity from the St.

Source: Is Bitcoin a Waste of Electricity, or Something Worse?