While the value of Bitcoin is on the decline ter early February, the cryptocurrency phenomenon proceeds around the world. Since the process of mining this currency takes up a lotsbestemming of energy, some intuitive startups have created ways to reuse this power, such spil growing crops from the excess warmth. A gegevens center exclusively designed to mine cryptocurrency ter Iceland will be fully running on renewable energy.
Bitcoin has seen a acute decline overheen the past month, pulling down from almost $17,100 on January 6th all the way to under $8,300 on February 5th. China has added offshore cryptocurrency exchanges to a kerkban list te order to prevent financial risks. There is a chance that the value could be back on the rise after the US Senate Banking Committee finishes their discussions on potential regulations for cryptocurrency.
With how volatile trading is for Bitcoin, it’s hard to know how long it’s going to last. While many learned about the existence of it late last year, it’s actually bot around since 2009 and kept a low profile with anonymous trading. Now, depending on the analyst, it’s projected to either be worth $0 or $100,000.
If the cryptocurrency shoots back up, it’s significant to find renewable energy to offset the massive doorslag emissions that mining can create. The Moonlite Project is doing just that by building a fresh gegevens center te Iceland, with construction beginning ter April and completion expected ter August.
The Moonlite Project is an ICO for a large scale cryptocurrency mining gegevens centre based ter Iceland.
Wij use 100% renewable energy and advanced systems to manage our mining operations.
The gegevens center will feature a power capacity of 15 megawatts upon opening and that will be expanded ter the future. Up to $8 million worth of cryptocurrency is expected to be mined monthly te the fresh facility. Eric Krige, CEO and founder of Moonlite Project, hinted at expansion while explaining the benefits of the gegevens center to Digital Trends.
“Our gegevens center, and future gegevens centers, will always make use of 100 procent clean and renewable energy sources, such spil energy being generated from hydro, wind, and geothermal sources. Our teams will be implementing some wise mining tech spil well, including A.I. and custom-made algorithms to assist te miner management, and to ensure that wij are focusing on what is profitable at all times.”
Iceland provides many benefits for gegevens centers, including their colder climate that eliminates further need to keep operations cool. The country is ter a good location inbetween the United States and Europe, who will be using the majority of thesis gegevens centers. Thanks to the government’s incentives and foreign tax cracks, it’s cheap to buy land and build a facility.
The Moonlite Project not only hopes to run an efficient gegevens center that’s very profitable, but they are aiming to be one of the largest cryptocurrency mining companies ter the world. Should they successfully be able to run on renewable energy alone, that’s a excellent step to curb a potentially large problem. It’ll take many more facilities like this one to sate request, especially if Bitcoin does embark to reach the six-figure value.