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Showing posts with the label crypto mining in Indiana

Crypto Mining Facility Growth | Peru Indiana

 Crypto mining and data infrastructure in Indiana Indiana is actively marketing itself as a hub for large-scale data centers and cryptocurrency-mining operations, by promising large amounts of low-cost, reliable energy and water.  For example, the company AboutBit LLC announced in 2022 that they would turn part of a 50-year-old power plant site (the Merom Generating Station in Sullivan County) into a crypto-mining facility, with a 115 MW power‐purchase agreement. Advocates note that these kinds of operations are very energy‐intensive, and may have implications for the grid, environment, and local utility costs.  What a crypto-mining facility does “Crypto mining” (for proof-of-work coins like Bitcoin) means operating a large array of specialized computing hardware (“miners”) to solve cryptographic puzzles, thereby validating transactions and creating new coin units. This process: Requires very large amounts of electricity (to run the hardware and to cool it) ...