The cold snap is severe for bitcoin mining experts. These actors, almost unknown to the general public but who operate the most famous cryptocurrencies ensuring the validation of transactions, are in turmoil. The biggest of them, the American Core Scientific, filed for bankruptcy on December 21, 2022, even though the “blizzard of the century” was falling on the territory of the United States, putting pressure on the electrical network. A coincidence of timing that underlines the close dependence between the mining of virtual currencies and the energy crisis.
The business model of a miner…
