Use of Clean Energy Increases in Bitcoin Mining: Latest News from Australia

Bitcoin mining A first for the Australian continent. A Bitcoin mining facility in South Australia will meet its energy needs with solar.

According to today’s news from Australian sources, Lumos Digital Mining The facility supplies approximately 5 megawatts of energy with solar energy.

Angelo Kondylas, one of the managers of the mining facility, explained that the facility is capable of producing at least 100 Bitcoins per year:

“With Bitcoin mining with solar energy, we reduce carbon emissions. Our facility can generate at least 100 BTC per year, but if the requirement increases even more, we can source power from central grids.”

Based in Whyalla, an industrial city in Australia, the company also wants to help other startups seeking support for renewable energy.

BTC Mining and Energy Issue

Australian Trade Minister Nick Champion recently noted the amount of energy used by blockchain and crypto mining:

“The carbon emission of blockchain technology should be reduced.”

Most blockchain network, proof of work (PoW) working with the system. Miners ensure the continuity of blockchain networks with the equipment in their hands. However, electrical energy is used intensively in this system.

Climate change is on the agenda almost everywhere in the world. The criticism arrows of the authorities are often directed to the cryptocurrency miners.

Especially in the USA, the issue of crypto mining and energy is on the agenda these days. The White House recently released a report on climate change. Cryptocurrency miners have been interpreted as a cause of climate change.