‘Bad News’
In Austria, Hydrominer IT-Services GmbH put servers inside hydro-power plants. It was the cheapest option, said Michael Marcovici, a company founder, who began mining in 2013.
“Frankly, we didn’t start this as an environmental project,” Marcovici said. “It is bad for bitcoin to have this news all the time about this dirty energy. People don’t want dirty energy to be used. But the problem is, in Europe, the energy is just too expensive.”
This article was provided by Bloomberg News.