Alternative energy for cryptocurrency mining
By Moris Beracha.-
Cryptocurrency mining is a process that exceeds electricity
consumption. This is known by bitcoin mining companies and the
authorities of the different countries of the world and therefore they
have set to work, in order to drastically reduce the amount of energy to
be used.
An
example of this reality includes Soluna, a Bitcoin-mining company,
which plans to start the construction of a 36 megawatt wind farm in
Morocco in January 2019.
According
to a company statement, southern Morocco enjoys the ideal conditions to
produce wind energy, which will help relieve the country’s electricity
system and deem cryptocurrency mining much more comfortable.
Soluna
acquired the rights to a 37,000 acres of land, with over 900 MW of wind
power potential available for development, so it does not rule out the
storage of the remaining energy in devices as soon as wheather
conditions are not fully effective.
Likewise,
the Brookstone Partners company is looking to enter the project and is
currently raising 100 million dollars that will be invested in the
Moroccan desert.
Noteworthy,
Soluna is not the first company to do business with wind energy for
cryptocurrency mining. In Latin America the Uruguayan consortium Ventus
is also undertaking a project to install a renewable energy park for
mining.
Francis
Raquet, representative of the aforementioned company said that
Uruguayan engineers have already installed the first mining machines in
the country and have realized that the energy consumption is quite
significant, so they have requested Ventus to develop a renewable energy
project.
Likewise,
CryptoSolarTech has presented its pioneering project to build the
largest cryptocurrency mining farm with renewable energies in Spain,
consisting of a block that will extract cryptocurrencies and a
photovoltaic plant that will supply the large volume of energy required
by these devices.
Specifically,
3,000 servers will be installed in the farm in the province of Malaga,
in a warehouse already enabled to operate these devices at full
capacity.
Meanwhile,
the solar power plant will be located in the province of Seville,
aiming at “taking advantage of the good weather and sunny hours in
Andalusia”.
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