Bitcoin

<p>In an innovative approach to bitcoin mining, a company supported by Jack Dorsey, Gridless, utilizes geothermal energy from an extinct volcano near Hell's Gate National Park in Kenya to power its operations. This initiative not only supports cryptocurrency mining but also provides <a href="https://ultramining.com/news/en/minnesota-man-faces-accusations-of-electricity-theft-for-bitcoin-mining/">electricity</a> to approximately 5,000 local households. The mining operation uses a 500-kilowatt mobile container powered by solar and geothermal energy, reflecting a significant step towards sustainable mining practices.&nbsp; according to <a href="https://www.cnbc.com/2024/04/20/bitcoin-miner-gridless-backed-by-block-builds-site-at-kenya-volcano.html">CNBC</a>.</p> 
<p>This method of using renewable energy sources, particularly geothermal power, highlights a shift in how mining operations aim to minimize their environmental impact while enhancing local infrastructure. The operation's ability to harness excess power showcases a scalable model for integrating renewable energy into the crypto <a href="https://ultramining.com/news/en/texas-residents-challenge-bitcoin-mining-industrys-impact-on-power-grid-and-communities/">mining industry</a>, potentially setting a precedent for future projects worldwide.</p>

Volcano Power Lights Up Kenya: Bitcoin Mining Innovations by Jack Dorsey-Backed Company

Ultramining_Eng

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