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Bitcoin-Mining Power Plant Mentioned by Elon Musk to Go Carbon-Neutral

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New York’s Greenidge power plant—which has been repurposed for Bitcoin mining in 2017—is going to be entirely carbon-neutral starting from June, Reuters reports.

Source: u.today

It will achieve this by purchasing carbon offsets, which allow to balance out the CO2 footprint by funding green projects.

Greenidge’s announcement came just one day after Tesla CEO Elon Musk mentioned the company as proof of Bitcoin’s wastefulness. The e-car manufacture ditched the cryptocurrency as a means of payment earlier this week due to environmental concerns, causing a sharp drop in its price.

Bitcoin is currently trading at $50,606 on Bitstamp.

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