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The utopian version of this mining proof-of-work cryptos like Bitcoin and internet-connected things IoT to many consumers didn't want internet-connected handle and because the Internet they don't add value to.

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Nuclear plant operators are also seeing opportunities in the rapidly growing cryptocurrency industry to help boost the economics of their struggling plants. De Vries points to Quebec, Canada, where authorities have increased the cost of electricity for miners , as one promising example. Under such programs, miners that offer to turn off their computers and curtail their energy consumption by at least kWh on days when energy demand peaks can expect to receive tens of thousands of dollars annually from the state. Disclosure Please note that our privacy policy , terms of use , cookies , and do not sell my personal information has been updated.