Written by 7:38 am Bitcoin

Solar-powered Bitcoin mining centre opens in industrial city of Whyalla

The steel city of Whyalla has flipped the switch on South Australia’s first solar-powered Bitcoin mining centre. 

Operated by Lumos Digital Mining, the 5 megawatt data centre will be used to mine bitcoins, a type of energy-hungry cryptocurrency that requires computers to solve complex maths problems for financial reward.

Bitcoin is the world’s biggest cryptocurrency. At a time when the world is desperately trying to reduce energy consumption, Bitcoin uses more energy each year than medium-sized nations such as Argentina.

State minister for trade and investment Nick Champion said the fact that the plant could run off solar power showed that bitcoin generation could be more environmentally friendly. 

“This is important for decarbonising blockchain, which is a very energy-intensive industry,” he said. 

“I think it’s the beginning of a new economy out here at Whyalla.”

A computer farm.
The company said the centre would create 30 jobs once full operational.(ABC News: Lucas Forbes)

Energy-intensive mining

A recent White House Office of Science and Technology Policy report showed that US crypto production alone represented as much as 0.3 per cent of global greenhouse gas emissions. 

Source link