“There are dozens of cryptocurrencies out there and a lot of them are already onto this,” Campbell said.
But the future of the technologies behind Bitcoin and other cryptocurrencies is anything but certain - largely due to environmental questions. “He’s got two box fans cooling his system and when he’s in there showing me things I can’t hear him over it.” Environmental concerns mountingīrightridge’s Dykes said Red Dog, which signed a five-year lease to purchase Brightridge power and occupy space adjacent to its New Salem substation, is in expansion mode. But his brother Chad has him beat - and has helped keep Campbell up on the technology. “I’ve seen at home setups use multiple box fans and when they’re in the room it’s hard to talk to the person,” Campbell said.Ĭampbell’s putting in a small set up to mine for Ethereum, a different currency, because Milligan business students are fascinated by the cryptocurrency boom.
“As these GPUs get bigger they run hotter, they require more fans - as you keep building out your mining rig electricity usage increases, the heat increases, so then you have to in more cooling – which uses more electricity to cool down your GPUs or else they burn out.”Īnd those fans? All the high-tech know how in the world hasn’t solved the noise problem. The GPUs furiously at work digging for Bitcoins are the culprit, Campbell said. (Reproduced from, Cambridge Centre for Alternative Finance) Researchers place worldwide energy usage by Bitcoin mining and operations above the annual power usage of all but 27 countries. Tuesday the source for that report - the Cambridge Center for Alternative Finance’s “Bitcoin Electricity Consumption Index” - had moved Bitcoin up two slots, surpassing Ukraine and Sweden. In February, BBC reported that worldwide Bitcoin mining uses more electricity than the entire country of Argentina.
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