Earlier this year our company, Blue Castle Holdings Inc., started receiving inquiries from blockchain miners interested in low cost electricity for mining. I won't rehearse the conversations, suffice it to say two things became very apparent.
- After significant research, our company is now a solid believer in Bitcoin/blockchain/cryptocurrency
- The serious miners were trying to acquire power capacity for Bitcoin mining that was typically at a scale beyond their professional and operational experience to understand.
They inquired about 5-200 Megawatts (MWe) of capacity. 5MWe is a power consumption of a small town of several thousand people. 200MWe is a city of 200,000 to 300,000 people. This is no small task.
Also this is not just any power capacity, all electricity is not created equal. Blockchain mining power has to be globally cost competitive, readily available and quickly scalable. It also has to have the right power load profile, accompanied with dependable existing infrastructure, at the appropriate locations.
We understood right away that there is a significant large industrial scale professional deficiency in the cryptocurrency mining world that must be filled for blockchain technologies/protocols such as Bitcoin to fulfill its potential.
Based on current data, it is believed worldwide blockchain mining infrastructure will need an additional 30,000-60,000MWe within 10-20 years. This is 10-20 times larger than the current Bitcoin network. For comparison, the Information Communication Technology Industry (internet server infrastructure) had a consumptive load
of about 70,000MWe in 2012
Because of the power capacity needs and the lack of professional large scale power development experience in the Bitcoin/blockchain/cryptocurrency mining community, we recognized a great fit for our company. We do this type of development on an even larger scale (2200MWe) for our new nuclear power plant site
www.bluecastleproject.com. Therefore we formed a new division of our company specifically for powering blockchain infrastructure
www.powerblockcoin.com.
We are enable new mining capacity for anyone. We are focused on providing the power capacity on a large industrial scale through our Power Block Exchange, a new worldwide exchange for powering blockchain infrastructure.
Over the next few weeks Power Block will start to share more about our cheap electricity for miners. We will begin with a webinar Dec. 13th, 2017 following the Power Block webinar we will provide more details series post and blogs.
https://attendee.gotowebinar.com/register/6808971333120660482 …
Our most recent announcement about power capacity is linked below.
http://markets.businessinsider.com/news/stocks/Nuclear-Plant-Developer-Reveals-Cheap-Global-Electricity-for-Cryptocurrency-Miners-1010064291
