{"id":416376,"date":"2021-05-22T09:24:49","date_gmt":"2021-05-22T03:54:49","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=416376"},"modified":"2021-05-22T09:56:50","modified_gmt":"2021-05-22T04:26:50","slug":"bitcoin-miners-are-giving-new-life-to-old-fossil-fuel-power-plants","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bitcoin-miners-are-giving-new-life-to-old-fossil-fuel-power-plants\/","title":{"rendered":"Bitcoin miners are giving new life to old fossil-fuel power plants"},"content":{"rendered":"<p>Across America, older fossil-fuel power plants are shutting down in favor of renewable energy. But some are getting a new lease on life\u2014to mine bitcoin. In upstate New York, an idled coal plant has been restarted, fueled by natural gas, to mine cryptocurrency. A once-struggling Montana coal plant is now scaling up to do the same. <\/p>\n<p>The lofty price of bitcoin and other cryptocurrencies has investors pouring money into power generation\u2014and risking a backlash. Elon Musk tweeted last week that Tesla Inc. would no longer accept bitcoin as payment for vehicles over concerns about fossil-fuel use in bitcoin mining. That rocked the market; bitcoin prices are now down around 25% since last week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Across America, older fossil-fuel power plants are shutting down in favor of renewable energy. But some are getting a new lease on life\u2014to mine bitcoin. In upstate New York, an idled coal plant has been restarted, fueled by natural gas, to mine cryptocurrency. A once-struggling Montana coal plant is now scaling up to do the same. The lofty price of bitcoin and other cryptocurrencies has investors pouring money into power generation\u2014and risking a backlash. Elon Musk tweeted last week that Tesla Inc. would no longer accept bitcoin as payment for vehicles over concerns about fossil-fuel use in bitcoin mining. That [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-416376","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/416376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=416376"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/416376\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=416376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=416376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=416376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}