On November 8, 2018, blockchain and cryptocurrency mining firm DMG Blockchain announced the opening of its new 85-megawatt crypto mining facility in Canada, as per a press release by Global News Wire. Massive Mining Facility DMG Blockchain Solutions Inc. has just announced the inauguration of a new crypto mining facility…
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I don't know about the increasing amounts of energy wasting into crypto mining. There are other possibilities than POW and its enormous amounts of energy consumption. For example POS and dPOS are far more energy efficient than POW and they perform the same Blockchain tasks like Bitcoin. I wonder how sustainable the POW network is in the long term?
These are appearing all over the world. Something that means we will be consuming even more energy.
At least they put it in a cold area so they do not use an insanely crazy amount of electricity. Instead, they just use a crazy amount of power.