Cryptocurrency mining is an energy-intensive business that lures prospectors to communities where electricity is cheap and abundant. But what externalities does digital currency mining wreak upon those neighborhoods? CBS News correspondent Errol Barnett investigates. getAbstract recommends his thorough case study to digital entrepreneurs hoping to strike it rich and to communities considering a foray into cryptocurrencies.
In this summary, you will learn
- How cryptocurrency exchanges work,
- Why cryptocurrency mining is so attractive to large and small operators alike, and
- What risks are inherent to the cryptocurrency mining business.
About the Speaker
Errol Barnett is an anchor and correspondent for CBS News.