Australia Could Have The First Solar-Powered Bitcoin Mining Farm In A Coal Town
A data center operator from Australia and its crypto subsidiary are developing a first, a Bitcoin mining farm that uses solar power to work, making it one of the most interesting ways to use renewable energy for Bitcoin mining.
DC Two, a data center operator from Collie, a coal mining town in Australia, 200km south of Perth, and its subsidiary D Coin, will be using solar power rigs build by a company called Hadouken, according to the local media.
The main goal of this initiative is to find competitive power rates by using renewable sources, as the company claims that it was one of the lowest costs in the world for a high density data center. Notably, this center can be customized to host crypto mining operations for people around the world.
According to official reports, the company is looking to enter the global Bitcoin mining business by offering low rates and a good return on investment. The first stages of the project will draw up to 4 megawatts and take shape in 2019, but the growth of the facility will be exponential later.
The company will use a crypto mining configuration and will have 4MW power available, which can mine up to 650 BTC per annum, worth $6 million based on the current rates and possibly worth even more in the future.
In May, another company, this one based in Sydney, announced a partnership with Bitfury for a crypto mining operation, so it looks like mining in Australia is getting popular.
A Way To Get Clean Bitcoin
Another aspect that should be considered is that these companies are taking an important step to ensure that Bitcoin can be environmentally-friendly by using solar energy. As people start to mine more and more BTC around the world, many critics have been saying that this much energy usage is not sustainable and bad for the environment.
More projects like this one can represent a cleaner future for Bitcoin if other companies also start to act like the Australian ones.