The American heartland needs jobs. Could Bitcoin mining become its next savior?

A startup called Core Scientific announced this week that it has raised $23 million to expand its cryptocurrency mining operations. The company, based in Bellevue, Wash., is already running crypto mines in North Carolina, Georgia, and Kentucky, and plans to open more before long.

It’s not hard to understand why. Right now, a single Bitcoin—the digital mining equivalent of a gold nugget—is worth around $20,000. Mining a single Bitcoin block brings a reward of 6.25 of them, or about $125,000.

If Core Scientific’s mining ventures are successful, the company will not just make a lot of money. It will also help to repatriate crypto production to the United States, where Bitcoin got its start.

The recent resurgence in crypto mining feels like a good-news story. Mining companies like Core Scientific are in a position to make money and create jobs in rural areas, while also ensuring more Bitcoin—which is becoming … Read More

Declare states of ‘climate emergency’, U.N. chief tells world leaders By Reuters

© Reuters. FILE PHOTO: United Nations Secretary-General Guterres speaks during a news conference at U.N. headquarters in New York City, New York

By Matthew Green

LONDON (Reuters) – World leaders should declare states of “climate emergency” in their countries to spur action to avoid catastrophic global warming, U.N. Secretary-General Antonio Guterres said in opening remarks to a climate summit on Saturday.

More than 70 world leaders are due to address the one-day virtual gathering aimed at building momentum for much steeper cuts in planet-warming emissions on the fifth anniversary of the 2015 Paris climate accord.

“Can anybody still deny that we are facing a dramatic emergency?” Guterres said via video. “That is why today, I call on all leaders worldwide to declare a State of Climate Emergency in their countries until carbon neutrality is reached.”

Guterres said that economic recovery packages launched in the wake of the coronavirus pandemic represented

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