"And we're concerned about the direction it's going."
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very quickly, since it was banned in China," said Mandy DeRoche, a lawyer with Earthjustice, which represents clients exploring how to challenge local mining operations. "We've seen a relatively large increase in mining here in the U.S.
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The report, co-authored by the environmental law non-profit Earthjustice, pulls from public documents, utility records, regulatory filings and financial disclosures, as well as press reports and testimony from activists across the United States.Įarlier in the year, a coalition of green groups launched a campaign to pressure Bitcoin into changing its software - known as "proof-of-work" - to a less energy-intensive method, known as "proof-of-stake". "But every industry needs to take part in addressing the climate crisis." Bitcoin is turning into the same thing, so you can look at it really as just any other form of payment I expect that yeah, you’ll be able to go to the grocery store and buy your Bitcoin.”Īnd with the construction of the data center from Lancium and Clean Spark, the future is now to the Big Country."It's a question of perspective - if you are going to compare it to other industries, like cement for example, then it's relatively clean," he told the Thomson Reuters Foundation.
This advancement is just one way how technology has improved across the globe along with what people can do with cryptocurrencies such as Bitcoin.īradford says what he sees for the future of businesses and paying for everyday goods, “Payment networks like Square and the Lightning network, they’re creating a mechanism where you can pay with Bitcoin the same way you can with a credit card or, you know, right now a lot of us use Apple Pay where you just tap your phone. It’s not just because somebody decided it was worth something,” Bradford said.Īs you stop at your local gas station in Abilene, you might see what you think is a regular ATM, but it could actually an ATM to buy and sell crypto currency! “I think it’s really important to know that these coins aren’t just created out of thin air, but you actually have to put work and value behind it and then you’re taking that value when you’re storing it inside the Bitcoin and that’s really what is giving it value. Really, it’s a digital currency of the world.”īitcoin gets its value from the number of complex mathematical equations that miners, which are just computers, solve. This is just a different mechanism to make it happen that is secure. It’s just in a digital format It’s all on an electric ledger anyway through our bank accounts and our credit card processing. Now that the Bitcoin has been rewarded, it can be used like a credit card or even cash as Bradford explains, “That Bitcoin can be used both as mentioned before, store value but also as a medium of exchange, the same as the cash in your pocket can, or really any currency. Zach Bradford is the CEO and Founder of Clean Spark, the company along with Lancium, that is coming to help bring Abilene into the future of technology and he says that future is already here, “I would say that cryptocurrency is the future and I think Bitcoin is going to lead the future.”Ĭlean Spark is a company that mines Bitcoin but what is Bitcoin and how does someone mine for it?īitcoin is a form of digital money and Bradford says how his company mines for it, “We mine Bitcoin, what we’re really doing is, we’re running computers, we’re processing data and then we’re rewarded for processing that data by receiving Bitcoin.” Abilene will soon have a Bitcoin “mining” facility, bringing what some see as the future of currency right here.
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