Advocates slam startup's proposal to build Bitcoin mine in controversial location: 'It just gets into this really problematic situation'

Advocates slam startup's proposal to build Bitcoin mine in controversial location: 'It just gets into this really problematic situation'

A startup company plans to build a Bitcoin mining operation on Alaska's North Slope that would consume as much electricity as the state's largest coal plant produces, the Alaska Beacon reported. What is Bitcoin mining? Bitcoin mining uses powerful computers to create valuable cryptocurrency through a digital process. Unlike traditional mining, it doesn't extract materials from the Earth. However, these operations require massive amounts of elect…