It has become a trend to establish bitcoin mining operations in power plants.In recent months, the company has started mining cryptocurrency Hydropower, natural gas, nuclear, Even volcano power plant. In fact, the idea has proved very popular. According to reports, Canadian authorities are considering imposing a fine of $7.1 million on a company that secretly operates a Bitcoin mining power plant in Alberta.
Canadian Broadcasting Corporation Report Link Global installed four 1.25 MW generators in one location in 2020, powered by “sleeping natural gas wells,” “without notifying neighbors, counties or the Alberta Public Utilities Commission.” It then established two sites elsewhere-only one of which complied with AUC regulations. The Canadian Broadcasting Corporation stated that the first site ran for 364 days without approval; a Kirkwall site ran 426.
Link Global does not seem to be deterred by these potential fines: According to reports, the company plans to build three 10 MW cryptocurrency mining facilities in Alberta by the end of this year. It is said that it also plans to submit a response to AUC, presumably to reduce fines. In addition, it is reported that the company hopes to relocate one of the plants and resume operations at the Kirkwall plant after the problem is resolved.
“We acknowledge that we have made some mistakes and work hard to correct them; however, we have been following AUC’s orders since we received notification of the problem in early 2021,” Link Global CEO Stephen Jenkins said in a statement to CBC . “Our company is committed to respecting the law, people and the environment, and we believe our submission to AUC will make this obvious.”
This has also become a trend in the Bitcoin mining business.A company in the Finger Lakes area of New York has been criticized for the potential environmental impact of its operations Announced in August For example, it will replace landfills with “important new solar farms.” A key selling point of the Bitcoin project driven by the El Salvador volcano is their Use of clean energy.