U.S. Power Plant Makes $ 50,000 in BTC Daily

Greenidge Generation, a New York-based power plant, produces about $ 50,000 in bitcoins every day.

According to Bloomberg, over the pastFor several months, about 7,000 miners were installed at the power plant, which mine approximately 5.5 bitcoins every day. The project operator is Atlas Holding, a private investment company.

According to representatives of Geenidge, electricity,necessary to maintain the work of miners, does not go through the counters. Thus, employees are able to reduce the cost of the operation, as well as increase its stability.

According to the financial director, the plant is well prepared for bitcoin halving. He said:

Thanks to our position as an institution for integrated energy production, we can earn in a declining market.

Recall that the CEO of Genesis Mining recently stated that the next Bitcoin halving could displace retail miners. 

Based on materialswww.theblockcrypto.com