Cryptosolartech: Harnessing solar power to make cryptomining less environmentally harmful

© Cryptosolartech

The Spanish startup also sources cheaper electricity for cryptomining. It recently raised €8.85m in a pre-ICO, enabling it to build the world’s first solar-powered cryptomining farm 

As cryptocurrencies, particularly bitcoin, surge in popularity, so too has the amount of cryptomining and the energy it consumes.  The bitcoin hashrate, which measures how much power the bitcoin network is consuming, reached yet another all-time high last week. Cryptomining requires huge amounts of power to run the global network of computers that miners use. In a recent estimate, bitcoin-related energy consumption alone had reached that of the whole of Switzerland, the BBC reported. There are over 1,900 cryptocurrencies in the world. Mining just one bitcoin node consumes 1.3 KWh, which i...
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Edited by Bernice Tang, Sophie Douez

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