Why Bitcoin Mining Might Be the New Business Model for US Power Plants

<p><span style="font-weight: 400;">It was another good day for global crypto, as South Korea votes to formally integrate the industry into the existing financial system, opening the market to new players and potentially improving services for crypto companies. </span></p> <p><span style="font-weight: 400;">In New York state, meanwhile, a recently renovated power plant is taking advantage of low cost energy with 7000 bitcoin miners. This is part of a larger trend of US-based mining in 2020. </span></p> <p><span style="font-weight: 400;">In a very different part of the industry, a new partnership between ConsenSys, EY and Microsoft suggests the intranet era of enterprise blockchain might be coming to a close. </span></p> <p><span style="font-weight: 400;">Finally, the new governor of the Bank of England says be prepared to lose money if you buy bitcoin.</span></p>