Monday 4 November 2019
Bitcoin mining in the Eurasian country of Georgia is reportedly “sucking its power grid dry,” but it doesn’t matter because the country has reserves of hydroelectric power. According to BBC Sounds podcast, Business Daily, Georgia is now the world’s third largest miner of Bitcoin, behind China and Venezuela. However, it’s not good news for some. David Chapashvili from Green Energy, an environmental pressure group, criticizes the practice for how much electricity it consumes. Bitcoin mining is Guzzling up electricity Documents shown to Business Daily by the environmental group report that one BitFury-owned Bitcoin mining farm is “guzzling” up 4 percent…
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