Cayuga Lake
Controversial Cayuga Lake Salt Mine Lawsuit Still in Court
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Over two million tons of salt are mined annually from under Cayuga Lake. Now, an environmental group has sued the mining company over environmental concerns.
bitcoin
BENITEZ | The Real Cost of Bitcoin
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Bitcoin mining consumed nearly one percent of the United States’ electricity last year. Globally, Bitcoin’s estimated yearly power usage is greater than that of Ireland, or 30 times more than that of Tesla vehicles. Considering this, one wonders whether the societal benefits of the world’s foremost cryptocurrency offsets its significant energy consumption, which expedites greater, existential risks like irreversible climate change. Does Bitcoin justify its power bill? First, while Bitcoin is often described as an emerging currency, its illiquidity — you can’t just buy groceries with it — makes it as an asset best-likened to gold.