100-Year-Old Power Plant Started Bitcoin Mining

The 100-year-old power plant started mining Bitcoin. It is stated that this is much more profitable compared to using electricity from the grid.

A hydroelectric power plant that started operating in the USA in 1897 now also mines Bitcoin. According to the news of the Albany Times, the power plant located in the Mechanicville area of ​​New York is currently mining Bitcoin with some of the electricity it produces. Jim Besha, CEO of Albany Engineering, which owns the plant, said, "We think this is the world's oldest still operating renewable power plant." He said that the facility started mining, thinking that Bitcoin mining could make more money than selling electricity to the National Grid. The company earns 3 cents per kilowatt hour from energy sales to National Grid. Besha says that mining Bitcoin makes three times as much money. So it will be more profitable mine Bitcoin. Emphasizing that they are currently mining at the experimental stage, the CEO also announced that they sold some of the coins they produced due to the volatility in the cryptocurrency market. In addition, Besha underlined that mining Bitcoin with renewable energy is the best method for this job.