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Why Bitcoin Mining Might Be the New Business Model for US Power Plants

Why Bitcoin Mining Might Be the New Business Model for US Power Plants

FromThe Breakdown


Why Bitcoin Mining Might Be the New Business Model for US Power Plants

FromThe Breakdown

ratings:
Length:
16 minutes
Released:
Mar 6, 2020
Format:
Podcast episode

Description

It was another good day for global crypto, as South Korea votes to formally integrate the industry into the existing financial system, opening the market to new players and potentially improving services for crypto companies.  In New York state, meanwhile, a recently renovated power plant is taking advantage of low cost energy with 7000 bitcoin miners. This is part of a larger trend of US-based mining in 2020.  In a very different part of the industry, a new partnership between ConsenSys, EY and Microsoft suggests the intranet era of enterprise blockchain might be coming to a close.  Finally, the new governor of the Bank of England says be prepared to lose money if you buy bitcoin.
Released:
Mar 6, 2020
Format:
Podcast episode

Titles in the series (100)

A daily analysis of macroeconomics, bitcoin, geopolitics and big picture power shifts, hosted by Nathaniel Whittemore @nlw. The Breakdown is part of The Breakdown Network.