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Author Topic: [2018-08-09] Australia Could See First Solar-Powered Bitcoin Mining Farm in Coal  (Read 23 times)
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August 09, 2018, 12:34:10 PM
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An Australian data center operator and its cryptocurrency subsidiary are developing what they describe as the country’s first “behind-the-grid data center” powered by renewable energy.
Situated in the coal-mining town of Collie, some 200km south of Perth, the new facility is being developed by data center operator DC Two and subsidiary D Coin and will be powered by a solar farm built by a company called Hadouken, IT Brief reports.
Full article on CCN

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August 09, 2018, 02:57:10 PM
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We all know that one factors that those anti bitcoin used against us is the amount needed to operate a bitcoin mining farm. And they want as far as saying that its affecting the environment. Now, with the news that Australia would tap and used solar as a renewable source to mine bitcoin. Its cheap and its abundance in Australia. This is a great opportunity and we might see Australian companies looking at this ventures in the future. And we can also mitigated the massive electricity it demands and well as the impact on the environment.

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August 09, 2018, 03:50:35 PM
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Yeah , lol!!

Australia "could"
Till then, the deal is like this:

https://www.businessinsider.com.au/a-hunter-valley-power-station-could-be-brought-back-online-to-provide-cheap-power-for-cryptocurrency-miners-2018-4

Quote
Redbank was built in 2001 to deliver 150 megawatts (MW) of power, but decommissioned in 2014. Hunter Energy have agreed to bring it back online over the next 12 months to provide 2MW of power for The IOT Group..

And here are the terms between IoT and RDP
https://www.asx.com.au/asxpdf/20180507/pdf/43tty5gy13c1pf.pdf

That's some damn clean energy..../s

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August 10, 2018, 01:35:30 AM
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We all know that one factors that those anti bitcoin used against us is the amount needed to operate a bitcoin mining farm. And they want as far as saying that its affecting the environment. Now, with the news that Australia would tap and used solar as a renewable source to mine bitcoin. Its cheap and its abundance in Australia. This is a great opportunity and we might see Australian companies looking at this ventures in the future. And we can also mitigated the massive electricity it demands and well as the impact on the environment.

How much cheaper or more expensive would renewable energy use be for the miners in a developed country? I reckon coal, up to now, is the cheapest method to generate electricity, especially in developing countries.

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