A power station has revealed that it is mining bitcoin as part of its work and mining about $ 50,000 (187,000 Saudi riyals) of bitcoin coins daily.
The “Greenidge Generation” station, located in New York City, USA, contains more than 7,000 Bitcoin mining equipment on an area of 650,000 feet.
Bloomberg Power Station reported this week that it is mining approximately 5.5 Bitcoin daily, which is a subsidiary of “Atlas Holding LLC” and is a closed joint stock company.
The plant stated that it uses Bitcoin mining equipment that is able to utilize the energy in the plant without counting it in the meter, which makes the energy cost less and more able to grow.
Previously, “Greenidge Generation” was operating when there was demand for power during seasons such as summer and winter, but it is now operating all year.
The station consumes approximately 15 megawatts in Bitcoin mining operations out of a total of 115 megawatts of total capacity in the power plant.
It is worth noting that Halving Bitcoin bonus will be cut next May, but Chief Financial Officer Tim Rainy stated that the plant is well prepared for the Bitcoin production bonus reduction process.