Name: How Bitcoin Mining makes use of Plentiful Hydropower to bring Cheap Electricity to Rural Africa! 💦⚡
Uploaded: 2024-01-21T15:24:36+00:00
Duration: 4 min 21 s
Description: Bitcoin Mining, once wrongly chastised for being 'Environmentally Destructive', is now being praised for making use of plentiful Hydropower to build Miniature Powerplants that syphon off Excess Electr

3 months ago

114

Bitcoin mining miners hydropower hydro power electricity africa

Bitcoin Mining, once wrongly chastised for being 'Environmentally Destructive', is now being praised for making use of plentiful Hydropower to build Miniature Powerplants that syphon off Excess Electricity generated to rural farmers in Africa. Before Bitcoin it was not economically feasible to build these Mini Powerplant stations that convert naturally flowing water into Electrical Power. But since Bitcoin Miners are always looking for cheap electricity and can offer to buy 100% of the power at any given period, they happily funded the construction, offering the excess power they don't use to Africans.

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