Icelandic volcano threatens geothermal plant powering crypto mines

An Icelandic power plant relied upon by crypto miners is reportedly under threat from a volcano scientists say is likely to erupt.
An Icelandic power plant relied upon by crypto miners is reportedly under threat from a volcano scientists say is likely to erupt.
Publicly traded Marathon Digital activated experimental software and accidentally mined an invalid block, costing it over $150,000.
“What’s going on?” wrote one X user, while another asked, “you really trying to pass that off as not photoshopped?”
Many believe that Bitcoin users send transactions directly to miners or pool operators. However, things are a little more random than that.
New York Times staff have a decidedly negative take on Bitcoin mining with much of the outlet’s coverage skeptical of proof-of-work.