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Bitcoin mining brings more than money to this East African country

From cointelegraph.com

A Bitcoin (BTC) mining project that taps into clean, stranded and excess hydro energy in Malawi has picked up steam. The company behind the project, Gridless, shared that there are now “1600 families connected to this remote hydro mini-grid in the mountains of southern Malawi.” {tweet} The project exploits 50 Kilowatt (kW) of stranded energy to test out as a new Bitcoin mining site. Erik Hersman, CEO and co-founder of Gridless, told Cointelegraph that while it’s a brand new mining project, the “Impact was immediately felt.” “The power developer had built these powerhouses a few years ago, but they weren’t able to ... (full story)

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  • Category: Fundamental Analysis