crypto mining

Compute North’s cryptofarm on hold in Greenville, citing uncertainty of energy costs

BY: - May 20, 2022

A large cryptofarm planned for Greenville, in Pitt County, is on hold after Compute North decided to “pause” the project last month. Compute North spokesperson Kristyan Mjolsnes told Policy Watch via email that “based on legislative and regulatory actions that may impact the cost of energy in North Carolina, Compute North made the decision in […]

When the market economy and public well-being clash

BY: - February 1, 2022

Controversial Greenville facility proposal provides latest reminder that what’s good for business is not always good for society There’s no doubt that when it comes to the generation of wealth and innovation, the market economy is one of the great inventions of modern human history. Legitimate arguments can and must be had about how much longer humans can keep up the pace of economic growth to which they’ve become accustomed...

Greenville greenlights cryptomining facilities, energy gluttons and contributors to climate change

BY: - January 28, 2022

Somewhere in Greenville — few know the precise location — dozens of shipping containers could soon appear on the landscape. These containers, known as “modular data-processing centers” — but which are actually cryptomining operations — will be jammed with lightning-fast computers whose blinking lights indicate they are thinking.