Green bitcoin mining, using renewable energy to produce the cryptocurrency, is in vague across the world. And while generating hydroelectric power from dams have been more widely reported recently, solar power is gaining ground, as exemplified by 500 IPO entering the space.
Also Read: Blockchain Mining Completes Bitfarms Merger, Stock Jumps 49%
Sun-Powered Bitcoin
SPI is a provider of renewable energy solutions and cryptocurrency miner hosting service for businesses, governments, utilities and investors. It focuses on the development, financing, installation, operation and sale of utility-scale and residential photo-voltaic projects in China, Japan, Europe and North America. The Nasdaq-listed company has its operating headquarters in Hong Kong and maintains global operations in Asia, Europe, North America and Australia.
Renewable Bitcoin Mining
Back in February we reported that Japan’s Kumamoto-Energy, a local power producer and supplier from Kumamoto City, has revealed that it began using solar power for mining cryptocurrencies. The company said that it aims to more effectively use its surplus electricity by mining cryptocurrencies with the excess output of its solar power generation plants.
Is bitcoin mining an ideal use for renewable energy? Share your thoughts in the comments section below.
Images courtesy of Shutterstock.
Do you agree with us that Bitcoin is the best invention since sliced bread? Thought so. That’s why we are building this online universe revolving around anything and everything Bitcoin. We have a store. And a forum. And a casino, a pool and real-time price statistics.
The post SPI Solar to Host 5,000 Bitcoin Miners for Chinese VC Fund 500 IPO appeared first on Bitcoin News.
Source: Bitcoin.com