Uncovering the Hidden Costs: How Much Is Electricity Subsidized in Cryptocurrency Mining?
The rapid rise of proof-of-work cryptocurrency mining in the U.S. is causing significant harm to local communities. It increases air and water pollution, creates noise issues, strains electric grids, and raises electricity costs for residents. Many states, once supportive of these energy-heavy operations, are reconsidering the tax breaks and incentives they offered. Despite the negative ...
