Brejcha isn’t the only entrepreneur challenging the view that mining digital assets is negative. French computing company Quarnot recently released a sleek space heater for your home that also mines for cryptocurrencies.
Such ventures may also help to solve another crypto problem. With the price of many coins in a downturn — bitcoin closed at $8,929.28 on Wednesday from a high in December around $19,000, according to coinmarketcap.com — those mining cryptocurrencies are looking for ways to offset the growing cost and often diminishing returns. (For example, the number of bitcoin miners receive for their efforts is, by design, halved every four years.) Lower crypto values can make the high energy bills and other overhead of mining unsustainable. Revenue-generating businesses utilizing the byproducts of mining could be part of the answer.
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