You have a preview view of this article while we are checking your access. When we have confirmed access, the full article content will load.
Bitcoin mines cash in on electricity — by devouring it, selling it, even turning it off — and they cause immense pollution. In many cases, the public pays a price.
Gabriel J.X. Dance
Graphics by Tim Wallace and Zach Levitt
Gabriel J.X. Dance traveled to Texas and North Dakota, interviewed Bitcoin miners, energy experts, scientists and politicians and analyzed thousands of records detailing mining operations for this story. Send tips.
Texas was gasping for electricity. Winter Storm Uri had knocked out power plants across the state, leaving tens of thousands of homes in icy darkness. By the end of Feb. 14, 2021, nearly 40 people had died, some from the freezing cold.
Meanwhile, in the husk of a onetime aluminum smelting plant an hour outside of Austin, row upon row of computers were using enough electricity to power about 6,500 homes as they raced to earn Bitcoin, the world’s largest cryptocurrency.
The computers were performing trillions of calculations per second, hunting for an elusive combination of numbers that Bitcoin’s algorithm would accept. About every 10 minutes, a computer somewhere guesses correctly and wins a small number of Bitcoins worth, in recent weeks, about $170,000. Anyone can try, but to make a business of it can require as much electricity as a small city.
In Texas, the computers kept running until just after midnight. Then the state’s power grid operator ordered them shut off, under an agreement that allowed it to do so if the system was about to fail. In return, it began paying the Bitcoin company, Bitdeer, an average of $175,000 an hour to keep the computers offline. Over the next four days, Bitdeer would make more than $18 million for not operating, from fees ultimately paid by Texans who had endured the storm.
Ninety-two percent of the power demand of the Genesis Digital Assets mine in Pyote, Texas, is met by fossil fuel plants, causing 546,000 tons of carbon pollution each year.
Aerial view showing ten large buildings next to rows of smaller structures surrounded by dirt and sparse plants.
All 34 Bitcoin Mines and the Emissions They Cause
The nonprofit tech company WattTime used data provided by The Times to calculate how much of the additional electric generation the operations required was met by fossil fuel plants, and the carbon emissions that resulted.
Bitcoin mine | Power | Fossil fuel | Emissions CO2/year |
---|---|---|---|
Riot Platforms Rockdale, Texas | 450 MW | 96% | 1,918,000 tons |
Atlas Power Williston, N.D. | 240 MW | 79% | 1,043,000 tons |
Cipher Mining Odessa, Texas | 207 MW | 92% | 837,000 tons |
US Bitcoin Upton County, Texas | 200 MW | 92% | 809,000 tons |
Rhodium Enterprises Temple, Texas | 185 MW | 90% | 739,000 tons |
Bitdeer Rockdale, Texas | 170 MW | 96% | 725,000 tons |
Coinmint Massena, N.Y. | 150 MW | 72% | 457,000 tons |
Core Scientific Calvert City, Ky. | 150 MW | 91% | 783,000 tons |
Viking Data Centers Akron, Ohio | 150 MW | 99% | 705,000 tons |
Core Scientific Dalton, Ga. | 142 MW | 78% | 627,000 tons |
Source: WattTime analysis, New York Times research Power levels are as of March 9 and based on information from each company or its most recent prior public statement. Fossil fuel percentages do not include energy imported from other states, the type of which is unknown; that results in low numbers for the Merkle Standard mine in Usk, Wash., and the Atlas Power mine in Butte, Mont.
Ninety-nine percent of the power demand of the Stronghold Digital Mining operation in Nesquehoning, Pa., is met by fossil fuel plants, causing 192,000 tons of carbon pollution each year.
Aerial view showing rows of buildings within three cleared areas surrounded by green grass and trees.
Ninety-two percent of the power demand of the Core Scientific mine in Denton, Texas, is met by fossil fuel plants, causing 501,000 tons of carbon pollution each year.
Aerial view showing a building complex with rows of large structures surrounded by brown ground and green plants.
Ninety-two percent of the power demand of the Galaxy mine in Afton, Texas, is met by fossil fuel plants, causing 400,000 tons of carbon pollution each year.
Aerial view showing a large building with a white roof and rows of attached rectangular structures surrounded by dirt.
Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.
Thank you for your patience while we verify access.
Already a subscriber? Log in.
Want all of The Times? Subscribe.
Advertisement
Author: Anna Walker
Last Updated: 1704397442
Views: 1473
Rating: 4.2 / 5 (120 voted)
Reviews: 87% of readers found this page helpful
Name: Anna Walker
Birthday: 1940-02-24
Address: 923 Thomas Valleys, East Vanessa, KS 53334
Phone: +4265832245688528
Job: Journalist
Hobby: Fencing, Crochet, Gardening, Calligraphy, Bowling, Hiking, Beekeeping
Introduction: My name is Anna Walker, I am a striking, lively, expert, spirited, multicolored, vibrant, unswerving person who loves writing and wants to share my knowledge and understanding with you.