Kenya Invites Bitcoin Miners to Country

led by Bitcoin (BTC) cryptocurrenciescontinues to be on the agenda of many countries due to its adoption by more and more people. These digital assets using blockchain technology are expected to become widespread in the future due to the conveniences provided. However, as with every new technology, there are some negative aspects of cryptocurrencies.

Perhaps the largest of these, environmental impacts of cryptocurrency mining. Research has shown that the global Bitcoin in a year. consumes as much electricity as Argentina and reveals that it causes large carbon emissions. For this reason, authorities are trying to direct crypto mining to renewable energy sources. Now a move in this regard has come from a country in East Africa.

Kenya urges Bitcoin miners to use geothermal energies in the country

East African country with a population of 53 million from kenya a company made a move towards Bitcoin miners. KenGen The company, which has the name and holds the title of the largest energy producer in the country, invited the miners to benefit from the renewable energy facility located near the capital, Nairobi.

The company owns the majority of 86% of the energy it produces. geothermal stated that it is made up of renewable energy sources. A local news source also reported that KenGen can lease the geothermal power plant located in the Olkaria region to Bitcoin miners. Peketsa Mwangi, an official from the company, stated that they were willing to do this in his statements and said:We can host them here. We have enough space and resources.”

According to Cointelegraph, although it is possible to say that the company is quite eager in this regard, the news shows that the miners have not yet turned to Kenya. Also, the data shows that the country currently hosts no known mining operations. However, the region’s estimated energy capacity of 10,000 MegaWatts has made Kenya a resource for miners. can turn it into an ideal place is stated.

Finally, it is stated that such a situation may be important to increase the sustainability of cryptocurrency mining. It is also said that the miners’ turn here could be beneficial for Kenya, as it could increase overall supply and reduce costs. According to 2021 data, the country will cost 0.22 dollars per kilowatt hour (KWh). 12th most expensive electricity in the world owner.