Renewable

Energy suppliers should be clamoring over the opportunity to get a steady, predictable power use customer, and Bitcoin is exactly that.

Plouton Mining has raised $1 million for a proposed sustainable, solar-powered bitcoin mining complex in California.

The crypto mining industry’s energy consumption today go toward providing proof of work, immutability and consensus in a decentralized network.

According to CoinShares’ latest biannual mining report, the vast majority of bitcoin mining power comes from renewable energy sources.

Strict regulations, costly electricity prices and the high cost of setting up a mining rig are some of the major reasons why the African mining community is spread so thin.

“Since the beginning Canada has been at the forefront of Bitcoin. I think the timing couldn’t be better for Canada to attract more bitcoin miners."

With access to the cheap, renewable energy, this bitcoin mine can operate with minimal costs and with neutral carbon emissions.

Under the right circumstances, cryptocurrency mining can produce a minimal carbon output. Moreover, its energy emissions can be recycled for other eco-friendly endeavors.