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Crypto in Kentucky: The next extraction

10 snips
May 20, 2025
Zach Hirsch, a field producer known for his insightful reporting, dives into the intriguing world of crypto mining in Eastern Kentucky. He discusses the region’s shift from coal to cryptocurrency, revealing the community's mixed feelings about this new economic opportunity. Hirsch highlights the energy demands of crypto mining and Kentucky's surprising role in the landscape after China's ban. The podcast also reflects on the historical ties to coal, showcasing the hopes and skepticism surrounding this latest extraction method.
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INSIGHT

Crypto Mining Revives Coal Legacy

  • Crypto mining in Eastern Kentucky leverages old coal mining infrastructure and power lines.
  • This digital extraction revives the region's mining identity with a new technological twist.
ANECDOTE

Coal Boom Left Locals Behind

  • Eastern Kentucky's coal boom loaded roads with trucks and fueled the economy but left locals with little wealth.
  • Coal companies profited massively while landowners got minimal compensation.
INSIGHT

Kentucky Became Crypto Hub Post-China Ban

  • Crypto mining consumes massive energy, prompting countries like China to ban it.
  • Kentucky's cheap power and existing infrastructure made it a new hub after China's ban in 2021.
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