Bitcoin requires an immense amount of energy. Here’s why that’s sparking a cypto backlash

A Bitcoin mining operation is coming to Corsicana, Texas, to build the largest mining facility in the world. The mining operation will occupy 265 acres with number-crunching machines. Miners seek cheap energy to maximize their profits, but their energy-intensive activities typically drive electricity costs up for everyone. Critics say mining plants often exploit existing clean energy resources at the expense of ordinary consumers, who are then forced to buy more expensive, and often dirtier, power. The world’s sum total of Bitcoin mining operations had an annual energy budget nearly equal to the entire country of Argentina, or the Czech Republic, in May of 2022, according to a study. In New York, a similar scenario has played out in New York Source