As Bitcoin mining activities increase worldwide the electrical cost of mining is get under the skin of experts and ecological gatherings alike. Be that as it may, Soluna is hoping to offset the carbon impression of mining Bitcoin through its wind power plant in the Sahara Desert.
Current evaluations put bitcoin mining power consumption at around 2.55 gigawatts, which implies that the system uses nearly as much energy as the country of Ireland. With the exponential increase in mining activities and a large number of Bitcoins, the problem is only growing.
Soluna has built up a 37,000-acre wind-farm in Morocco which will have the capacity to build up a capacity of 900 megawatts. The building process began around nine years ago, however the procedure slowed down under past ownership. The company plans build 36 megawatts of capacity by 2020 with a point of creating all 900 megawatts in the following five years. This will create a cheap renewable power supply for Bitcoin mining.
Soluna is betting on the way that that mining cryptocurrency will proceed on into the future. Right now, the best way to make a profit in a mining activity is to bring down the variable cost of electricity in the system.
As per CEO John Belizaire, he trusts that Soluna’s “vertically integrated” mining model will be a less carbon-escalated approach. Over this, he trusts that Soluna will have the capacity to support other projects with the profits generated from crypto mining.
