![]() ![]() ![]() Instead, the energy is used to generate digital assets whose broader social benefits have yet to materialize."Įthereum, the largest cryptocurrency responsible for most graphics card-based mining, no longer supports the actual process of mining. "Alongside these known costs and risks, cryptomining does not generate the local and national economic benefits typically associated with businesses using similar amounts of electricity. ![]() The reason being that these cryptomining operations not only require massive amounts of electricity, but also increase risks of local authorities over-provisioning for demand that may come and go rapidly, increase prices for others in the area, and suck up what green energy capacity there might be. ![]()
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