Source: cryptodaily.co.uk
Why Re-Opening A Coal Power Station For Mining Is Bad For Cryptocurrency

According to CNET, a new initiative has been established by an Australian technology firms, ‘IOT Group’ and ‘Hunter Energy’, who are planning on re-opening an old coal burning power station on Australia’s east coast in order to produce energy for cryptocurrency mining.


The power station will produce a private energy supply to companies who wish to mine cryptocurrencies and is expected to take around 12 months to re-generate. The power will not be supplied to the main grid, meaning the station can offer a very cheap power source to miners.


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