A look at the emergence of Kentucky as a small bitcoin mining powerhouse; an estimate says Kentucky produces more CO2 from crypto mining than any other US state
a few months later, he incorporated his own mining business. I took a road trip through Kentucky, where the bitcoin industry is making a big push: https://longreads.trust.org/ ... Chris Polansky / @chriskpolansky : Extremely interesting story/thread, especially in light of the new major crypto-mining operation announced for NE Oklahoma last week: https://twitter.com/... Jim Ridolfo / @ridolfoj : The more I think about this story today the more ragey I get. This is the majority whip in the Kentucky Senate using his legislative power to profit off an industry that provides nothing back to the state in revenue, stigmatizes the state re this story, & is a massive energy suck https://twitter.com/... Michael Zelenko / @mvzelenks : “We're trying to digitize coal.” Fascinating reporting here from @AASchapiro Coal to crypto: The gold rush bringing bitcoin miners to Kentucky https://longreads.trust.org/ ... @marietjeschaake : Fascinating deep dive into the trade-offs between profit, public and environment, around bitcoin mining in the poor parts of Kentucky ↘️ https://twitter.com/... Mere Smith / @evilgalprods : And, as mentioned downthread, in Kentucky, where do you think the energy for all that electricity comes from? Coal. https://twitter.com/... Sarah Emerson / @sarahnemerson : “Core Scientific, a bitcoin mining giant that announced plans to invest over $44 million in western Kentucky in 2018, predicted in its application for government financial incentives that it would create a total of 35 jobs.” https://longreads.trust.org/ ... Avi Asher-Schapiro / @aaschapiro : By some estimates, the bitcoin mining gold-rush in Kentucky produces as much CO2 as adding 650,000 new cars on the road. I spent a week driving around, visiting bitcoin mines, & talking to locals about it: https://longreads.trust.org/ ... Brady Quirk-Garvan / @bradyqg : Tax breaks for Bitcoin?! Of all the stupid ways we waste tax payer dollars on subsidies for profitable businesses this is a quick contender for the top 3 list. https://twitter.com/... Jo Maugham / @jolyonmaugham : The State of Kentucky has created tax incentives to burn coal to make Bitcoin. https://longreads.trust.org/ ...
Last year, Kentucky Senator Brandon Smith authored legislation giving Bitcoin mines millions in tax breaks—a few months later, he incorporated his own mining business. I took a road trip through Kentucky, where the bitcoin industry is making a big push: https://longreads.trust.or…
Extremely interesting story/thread, especially in light of the new major crypto-mining operation announced for NE Oklahoma last week: https://twitter.com/...
The more I think about this story today the more ragey I get. This is the majority whip in the Kentucky Senate using his legislative power to profit off an industry that provides nothing back to the state in revenue, stigmatizes the state re this story, & is a massive energy suck…
“We're trying to digitize coal.” Fascinating reporting here from @AASchapiro Coal to crypto: The gold rush bringing bitcoin miners to Kentucky https://longreads.trust.org/ ...
Fascinating deep dive into the trade-offs between profit, public and environment, around bitcoin mining in the poor parts of Kentucky ↘️ https://twitter.com/...
“Core Scientific, a bitcoin mining giant that announced plans to invest over $44 million in western Kentucky in 2018, predicted in its application for government financial incentives that it would create a total of 35 jobs.” https://longreads.trust.org/ ...
By some estimates, the bitcoin mining gold-rush in Kentucky produces as much CO2 as adding 650,000 new cars on the road. I spent a week driving around, visiting bitcoin mines, & talking to locals about it: https://longreads.trust.org/ ...
Tax breaks for Bitcoin?! Of all the stupid ways we waste tax payer dollars on subsidies for profitable businesses this is a quick contender for the top 3 list. https://twitter.com/...