Bitcoin Heats Up: Energy Efficiency in the Mining Industry
Critics of Bitcoin claim it's an energy-guzzling behemoth that 'causes immense pollution,' according to The New York Times. However, a new documentary from Reason suggests that this growing industry may actually be transforming the way businesses and governments approach clean energy.
A spa in Brooklyn is reusing heat generated by Bitcoin miners to warm its pools, while a major utility provider in Texas relies on miners to stabilize its electric grid. A small town has partnered with a Bitcoin miner to lower electricity costs for residents.
Reason's documentary explores the ways in which Bitcoin mining is changing the energy landscape. To discuss these developments and more, Reason's Nick Gillespie hosted a live discussion with experts from Human Rights Foundation, Pubkey, and Jason Goodman, owner of a Brooklyn bathhouse heated by Bitcoin miners.