In states like Oregon and Washington state, these types of data centers are running almost 24/7. With prices of cryptocurrencies like bitcoin reaching highs of $70,000 in 2021, while crypto likeDogecoin tanked after Elon Musk appeared on SNL the same year, being able to mine these digital coins could be quite the investment. And if you mine one block, you get 6.25 bitcoins, Kumar said. “Currently the value of a bitcoin on the market is about $40,000. The practice of installing generators to mine for cryptocurrencies can be found all over the United States, as more and more people try to get into what some call the future of currency. And they consume an enormous amount of energy.”ĭocuments WTAJ received show that on January 7, the Department of Environmental Protection (DEP) filed a notice of violations against the LLC, stating that it had installed and been operating those generators without DEP authorization. “These computer programs consume a lot of power.
“They set up large data centers next to generators,” said Akhil Kumar, a Penn State University professor researching blockchain technology.
In Beccaria Township, a private corporation called Big Dog Energy LLC has set up shop on a natural gas well pad, where it operates 30 natural gas-fired generators, including 29 Mesa natural gas-fired generators and one Jenbacher natural gas-fired generator. In the early days of Bitcoin, mining was less difficult, as most mining could use graphics cards on a PC. On January 3, 2009, Satoshi Nakamoto mined the first batch of the popular cryptocurrency, bitcoins (with the “Genesis Block”) using the CPU chip of his personal computer. Similar to the 1848 gold rush, the new age of computers and technology, solving computation puzzles to generate cryptocurrency might be this generation’s gold rush, minus those panning kits. Citi Analysts Predict ‘Near-Perfect Conditions’ for Silvers Ongoing Bull Market Experts Suggest 30 an Ounce a Possibility The price of silver fell 2.85 against the U.S. It’s located in Beccaria Township of Clearfield County.Ĭoal mining has been a historical aspect of central Pennsylvania. (WTAJ) - Cryptocurrencies have taken the world by storm over the past decade - from bitcoin to dogecoin - crypto might be here to stay.Īs the popularity and demand for digital currency grows, more mining data centers have popped up across the country, including one in Central Pennsylvania.
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