This year, some of the hottest trends in the crypto industry have been bitcoin adoption and environmental, social, and governance factors into crypto mining.
Tesla CEO Elon Musk pushed bitcoin’s environmental concerns into the forefront, calling for “renewable energy” to be used for mining instead of fossil fuels. It’s no secret that bitcoin mining takes a massive amount of electricity. It’s estimated that energy consumption exceeds the power consumption of countries like the Netherlands and the UAE.
With the push towards ESG-Friendly bitcoin mining operations, there’s one historic hydroelectric plant near Albany, New York, using power generated from its massive water turbines to mine crypto.
