The Young Turks 
A private equity firm bought a former power plant to run a Bitcoin mining operation, and it is ruining a glacial lake in upstate New York. Ana Kasparian discusses on The Young Turks. Watch LIVE weekdays 6-8 pm ET. http://youtube.com/tyt/live
Read more HERE: https://arstechnica.com/tech-policy/2021/07/bitcoin-power-plant-is-turning-a-12000-year-old-glacial-lake-into-a-hot-tub/
“The fossil fuel power plant that a private equity firm revived to mine bitcoin is at it again. Not content to just pollute the atmosphere in pursuit of a volatile crypto asset with little real-world utility, this experiment in free marketeering is also dumping tens of millions of gallons of hot water into glacial Seneca Lake in upstate New York.”
Hosts: Ana Kasparian
Cast: Ana Kasparian
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Funny how people don't wanna hear this
Crazy to me that it's economical to buy entire power plants, and convert them to a different fuel type, for cryptocurrency mining.
Why not just build a wind farm or something?
But this isn't Bitcoins fault. The Private Firm could have chosen to have any kind of power source. But they choose the cheapest and dirtiest one simply because they could. Perhaps the community should change local laws. Or the state should update laws. Also; Bitcoin is popular so it has the biggest market share but there are greener Cryptos out there that could always take over..if the people are willing to go that route.
Shut down that power plant. Water is more important than new people trying to become a new oligarchy.
yeah and the dollar is green. now that is a fact.
Good luck finding a politician who can't be bought
Bitcoin is such a joke.
That's called thermal pollution and it's common. The reason for it is what is so dystopian.
Explain why I can get a decent CPU and GPU for MSRP!!
This is really bad
At night our Echoes keep coming on and will not turn off unless they are unplugged. It makes me wonder if Amazon isn't using these devices to run some numbers for them when their "owners" aren't actively using them. Maybe just tying to use up as many fossil fuels as they can before they get too restricted but maybe something a little bit more nefarious, like breaking codes for Anonymous/ hackers.
It's like a Hot tub? Such a lie. Terrible reporting
it's good to see tyt is keeping the dying fiat system alive
and also making sure the rich get richer at the expense of the poor
I'm confused I thought bit coin was digital how does a factory mine it if it's digital
In order to watch 10 minutes of this show I had to f**** skip through three different YouTube commercials what the f***
I'M NEW TO BTC AND I'VE BEEN MAKING LOSSES TRYING TO MAKE PROFIT MYSELF IN TRADING…I THOUGHT TRADING DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET… CAN ANYONE HELP ME OUT OR AT LEAST ADVISE ME ON WHAT TO DO?
Cope harder
Banks are an extremely dirty business, think of all those bank branches, especially those who have to use coal power plants because that’s all that’s near them. Bitcoin mining can be done anywhere there’s an internet connection and electricity so they can make use of excess renewable energy that would otherwise be wasted. Bank branches need to be where customers are.
I love how progressives hate poor people so much by trying to regulate them out of prosperity
Bitcoin is an extremely secure monetary network that anyone with internet access in any country can use. This mining facility, while they could certainly get better energy like hydro or nuclear, is providing permissionless financial services to millions of people, many of whom have no other option aside from their native currency controlled by some authoritarian regime.
Spot-on segment IF this were about the rest of “the crypto space” is a complete waste. Entities like TYT just need to realize Bitcoin alone provides important value to anyone in the world who opts out of the corrupt, oppressive legacy financial systems, it can’t be shut down or banned, and there’s no board of trustees to subpoena or whatever. It’s like the honeybadger, bitcoin dgaf what people think of it. The issue here is simply the energy that’s currently available. C’mon now.
Bitcoin miners have every incentive to find cheap, sustainable energy wherever it may be, because it gets put to use on-site but with global, real-time impact.
Why is this so hard for progressives to get? I’m one too ffs and I know you guys aren’t actually stupid. You need to study Bitcoin seriously before you knock it.