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This model not only supports the growth of renewable energy but also lowers energy costs for local communities, as demonstrated by the reduction in electricity prices by around 10 cents per kilowatt-hour in some cases. Such dynamic, market-driven solutions exemplify Bitcoin mining's potential as a "cheat code" for renewable energy deployment.
Environmental Remediation Through Mining
Stronghold's innovative approach illustrates how Bitcoin mining can facilitate environmental cleanup, especially with legacy waste coal sites. Decades of coal mining in the U.S. left behind "waste coal" pits—pollutants that pose risks to water and air quality.