The environmental and economic impacts of Bitcoin mining will be explored during a Sept. 23 event on campus.
“” is presented by the and will take place at 5 p.m. in the Hollis E. Cornell Auditorium, Goldwin Smith Hall Room 132.
“The dizzying rise of cryptocurrency in the U.S. has brought with it a new industry – bitcoin mining, where thousands of computers in former gas plants and even abandoned dollar stores solve complex math problems to get rewarded with new coin,” said , associate professor of performing and media arts and director of the Milstein Program in the College of Arts and Sciences. “But this digital innovation comes with real-world consequences.”
Bitcoin mining consumes 2.3% of all U.S. electrical demand – as much as Argentina or six million American homes annually – and is on track to hit 8% by 2030. After Texas and Georgia, Upstate New York is the top location for mining operations.
