Cryptocurrency saves a 110-year old power plant from demolition

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A US power plant that’s more than 100 years old, and is of significant historical value, is being saved from demolition by cryptocurrency. The 110-year old power plant, Old Rainbow, is being allowed to become a cryptocurrency mining farm, after being granted approval by the Federal Energy Regulatory Commission (FERC). Proposal documents submitted to the FERC say the mining machines will be placed in just one part of the building, and there are plans to expand; presumably if the endeavor proves profitable. Cryptocurrency mining operations at Old Rainbow will be staffed and run 24 hours a day, 365 days a…

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