And with countries such as China, Indonesia and Iran moving either to severely restrict bitcoin mining or ban it altogether, the opportunity for domestic producers has never been greater. Exactly how much carbon is released into the atmosphere by bitcoin mining depends entirely on what energy source is used. Bitcoin miners are acting as a kind of shock absorber for this new green power. Crusoe has deployed 45 shipping containers stuffed with bitcoin mining computers, which are powered using natural gas that otherwise would have been burned off or flared. The economics make sense only with the addition of bitcoin mining.

Source: Forbes August 02, 2021 10:30 UTC