William Shatner Opens a Solar-Powered Bitcoin Mining Farm in Illinois

    The spokesman for Solar Alliance, William Shatner, has announced the plans to build a solar-powered Bitcoin mining farm in an abandoned factory in southern Illinois.

    Bitcoin mining works by processing incredible amounts of data that allow bitcoin transactions to be confirmed on the network. Those miners that spend time and energy generating this computational power, are paid in Bitcoin every time they find a block or when they take the fees from transactions.

    Solar Alliance CEO, Jason Bak, saw an opportunity in Illinois because the state requires companies to buy renewable energy, making the project economically feasible. At the same time, the mayor of Murphysboro, Will Stephens, decided to offer the company a 165,000-square-foot former label-making factory. The building has not been used since 2004.

    The project will create an big solar array that will be placed on the factory’s 14-acre parcel. The place will be leased to bitcoin mining companies  and to give training about how to instal solar panels.

    Mr. Stephens explained that the town of 8,000 inhabitants needs an economic boost, and this mining farm could perfectly work to achieve that. He mentioned that they have lost several jobs because of a change in the worldwide economy.

    Even when the cryptocurrency community has been attacked by several figures like Warren Buffett or Bill Gates, Stephen is convinced that the venture, which is partially funded by a TIF district, is a positive thing for the town.

    “From my perspective, we’re going to have someone who will occupy a previously derelict property, and whatever development comes out of it will just make it more marketable if the project is not successful,” he commented.

    For more interesting reading on the crypto mining world, check out a few of these:

    Groundbreaking CoinShares Report Disputes Bitcoin Mining Costs & Common Misconceptions

    Bitcoin Mining Energy Comparison: Global Banking Industry Uses 500 Times More Energy than Bitcoin


    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Bitcoin Exchange Guide News Team
    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


    Please enter your comment!
    Please enter your name here


    Live Bitcoin Price & Latest BTC Chart News

    Today's Latest Crypto News

    Money Is At Risk In Banks, Bitcoin Is Probably The Most Secure Currency Right Now: Tim Draper

    “If we're able to hold above $7,800, it will be a very good sign,” - Mati Greenspan Venture Capitalist advises millennial's to start...

    XRPL Labs Founder Wietse Wind's XRP TipBot Banned On Twitter, A Sign To Come For Tipping Bots?

    On January 24, Twitter decided to disrupt the XRP community by banning the XRP Tip Bot account, which is a service developed by the...

    Litecoin Founder Charlie Lee Proposes 1% Block Reward Funding Plan To Rake in $1.5 Million

    Proposal for donating 1% of block rewards to generate $1.5 million per year It’s like paying for your kid’s college and “securing your...

    Travala Expands Its Crypto Payments Options By Adding NEM's XEM Token

    Travel platform Travala, a firm that allows its customers to pay for hotel accommodations using digital currencies, has partnered with the NEM Foundation to...

    Elon Musk Thinks Crypto Could Be a Replacement for Cash

    Billionaire, SpaceX and Tesla CEO Elon Musk is also known for his cryptic tweets on crypto and Bitcoin (BTC), but on January 20, he...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.