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Mining secures the ledger and miners are rewarded for this. Let’s take the example of the Virunga National Park in Congo. They run a small hydro power plant an
by futurecat 3y ago
Mining secures the ledger and miners are rewarded for this. Let’s take the example of the Virunga National Park in Congo.
They run a small hydro power plant and needed a bench to manage the excess energy load. They instead went for bitcoin miner containers. It’s a net positive for them as:
- They can manage the load of the hydro power plant
- They can sell back the bitcoin and finance other activities in the park
- They use heat generated by miners to dry fruits and experiment with creating a small economy with excess fruit resources in the park.
- UncleMeat 3y agoMining secures the ledger but it is also critical for continued processing of transactions. "Hey, we'll all wait until the next time we have an excess of renewable power to accept everybody's transactions" is... a mess.
- MichaelVangard 3y agoBitcoin mining is globally distributed and doesn’t come to a halt when a particular facility or even a whole region has to shutdown because excess energy is not available.
- pcdoodle 3y agoThis is cool.