In the words of William Bill Spence, Co-Chairman of Stronghold Digital Mining, “There's a direct correlation in art with us, with Bitcoin and cleaning up the environment.”
Nesquehoning, a borough in Pennsylvania, reportedly uses the waste generated by old coal mines to power a Bitcoin farm.
The coal mine workers gather leftover coal waste from several dump sites. Then, they utilize it to produce electricity.
After selling a portion of this energy to the grid, the rest is used to mine Bitcoin.
Stronghold’s Bitcoin mine consists of 80 trailers, with each trailer housing 64 mining rigs. The firm estimates that the rigs take roughly two hours to mine 1 Bitcoin.
According to Dave Buchinski, an employee at Stronghold,
“It's definitely a little bit different, but it's a more sustainable way to do transactions and so we're building that infrastructure for that down the road.”
Spence notes that this project helps in getting rid of the town’s coal refuse while providing steady revenue by mining Bitcoin.
Pennsylvania's Department of Environmental Protection revealed that clearing all the coal waste in the state would take at least $5B worth of funds. Stronghold claims that its Bitcoin mine will be able to clear over 4M tons of coal refuse within a few years.
