A report from Data Center Dynamics (through Techspot) says Talen Energy, a US energy firm, plans on constructing a 300MW crypto mining facility and information middle subsequent to its nuclear Susquehanna Steam Electric Station in Pennsylvania.
The enterprise chargeable for the crypto mining operation, Cumulus Coin, is a subsidiary of Talen Energy and expects the challenge to come back on-line within the spring of 2022, with the primary part of improvement having 164MW of capability. The objective is to have no less than 300MW of onsite energy by completion and the flexibility to broaden to 1GW capability sooner or later.
Just to offer you an thought of how profitable these crypto mining operations are, the Albany Engineering Corp in New York stated they might make more cash mining cryptocurrency at its almost 200-year-old hydroelectric energy plant than offering energy to clients on its complete power grid.
Talen advised DCD the broader information middle facility “will present low-cost, dependable, carbon-free energy to the info middle shoppers on campus. This permits shoppers to learn from carbon-free, 24/7 energy being equipped on to the campus, with out the intermittency that renewable power can expertise, or requiring fossil fuels.”
Talen Energy says it is already obtained the required permits on the township and state stage to prep the location for groundbreaking and has utilized for permits to start out development on the primary constructing on the Susquehanna Hyperscale Campus as quickly as doable.
As the US continues to broaden crypto mining operations, China has been cracking down on bitcoin mining running on power from coal plants in a bid to assist cut back its peak carbon emissions by 2030 and whole attain carbon neutrality by 2060. The crackdowns are additionally the principle cause why there’s been a rise in used graphics playing cards hitting the market in China, together with the current drop in value in Ethereum.
A current report from the Cambridge Bitcoin Electricity Consumption Index says that bitcoin mining makes use of about 105 terawatt-hours of electrical energy, which is greater than some international locations. Some world areas are investing in cleaner power alternate options reminiscent of hydroelectric energy and even geothermal energy to energy a few of these bitcoin mining operations.
“As the demand for power will increase amongst information middle and cryptocurrency processing shoppers, so does the decision for decarbonizing these power sources,” says a spokesperson for Talen.
That’s good, however I’m obliged to ask: But why are any of our valuable power assets, nuclear or geothermal or in any other case, being put towards producing digital cash? (The unsatisfying reply, in fact, is the phrase “cash.”)