Natural gas power plant spends over 6 billion yen to install bitcoin mining equipment
$ 65M Investment Fuels Natural Gas Provider's 'Behind-the-Meter' Bitcoin Mining Operation-Bitcoin News
https://news.bitcoin.com/natural-gas-bitcoin-mining-operation/
The Greenidge Generation natural gas power plant in Finger Lakes, New York, USA, has installed equipment for bitcoin mining using a site area of approximately 6,000 square meters to mine bitcoin. As many as 7,000 bitcoin miners are operating at this bitcoin mining facility, and they have successfully mined $ 50,000 worth of bitcoin every day.
The external appearance of the bitcoin mining equipment installed at the Greenidge Generation natural gas power plant is as follows. It includes seven mining containers with servers and two mining farm units ' Bitmain Antbox ' for mining bitcoins .
Greenidge Generation's natural gas power plant at Finger Lakes was originally a coal-fired thermal power plant. In 2017, Greenidge Generation was converted to a power plant that uses natural gas to produce completely clean energy with the approval of the
Then Greenidge Generation partnered with Atlas Holdings to invest $ 65 million (approximately ¥ 6.7 billion) in the bitcoin mining business and successfully install bitcoin mining equipment. The $ 65 million investment was used not only to add 7,000 Bitcoin miners, but also to convert power plants into mining facilities.
Greenidge Generation has been operating a natural gas power plant and says that there is no problem with running a Bitcoin network 24 hours a day, 7 days a week with no downtime. Dale Irwin, CEO of Greenidge Generation, says, 'Operating as a power plant operator, 'Operating around the clock,' is inscribed in our DNA. Can bring the exact same discipline and commitment, 'he said, highlighting Bitcoin's focus on mining operations.
Three cubic facilities filled with newly introduced
Looking at the cubic facilities with mining rigs from the outside looks like this. A total of 7,000 bitcoin miners are in operation.
According to Bitcoin.com, Bitcoin's portal site, 'Greenidge Generation has started a cryptocurrency mining business, which may pull other natural gas power plants into the mining business. Install excess energy and mining equipment Companies that have the area to take advantage of the idea may see the benefits of other power plants already using the idea: natural gas power plants can harness the surplus energy produced on site You will soon realize that you can use Bitcoin to mine bitcoin and make a profit. '' Suggests gender.
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in Note, Posted by logu_ii