The Sioux Energy Center announced that it has secretly mined 20 bitcoins since April

The electrical service provider Ameren Corporation announced Monday that it has successfully mined more than 20 Bitcoin (BTC) using excess energy from one of its coal-fired power plants: the Sioux Energy Center in West Alton, Missouri.

Although the company installed the data center where the coins were mined in April, the expansion didn’t make it public until Monday. Its half-megawatt mining facility uses the 972 MW generating capacity of the Sioux Energy Energy Center to complete required mining activities based on proof of work.

Ameren’s goals in starting operations appear to have been to halt a decline in the power plant’s electricity production and provide the company with a new source of income. When dismantling began in April, the power plant was reportedly only running at 17% of full capacity.

The Sioux Energy Center announced that it has secretly mined 20 bitcoins since April
The Sioux Energy Center announced that it has secretly mined 20 bitcoins since April

Following the announcement, the company’s environmental impact was quickly questioned. In February, an alliance of three environmental groups, the Waterkeeper Alliance, the Missouri Confluence Waterkeeper, and the Great Rivers Environmental Law Center, announced their intention to file a lawsuit against the company for violating federal clean water law.

â ???? You (Ameren) replied and we are considering our optionsâ ????, said Bruce Morris, an attorney with the Great Rivers Environmental Law Center.

The Sioux Energy Center, located on farmland near the banks of the Mississippi, reportedly stores more than 3 million tons of coal ash in an unlined storage pit.Environmental groups have asked the management of the Sioux Power Complex to Eliminate the coal ash storage pit in the past, but apparently with limited use.

Ashtracker, the Energy Integrity Project’s information page on energy pollution, has also stated that of the 29 water monitoring wells around the facility, 15Â are contaminated above federal guidelines for boron, sulfate, lithium and cobalt.

Although the utility completed a $ 600 million plan to update the facility with the latest environmental controls in 2010, the Ameren mining operations appear to contradict many industry views on how companies in the industry should deal with their environmental footprint. Everyone from Elon Musk to cryptocurrency trading platform BitMEX is committed to doing their part to make mining a less resource and energy intensive endeavor.Sam Tabar, Chief Strategy Officer at Bitcoin miner BitDigital, has stated that using carbon-neutral energy sources is critical to improving sustainable practices and reducing the industry’s environmental impact.

Similar Posts