Australia Becomes Home of Solar-Powered Bitcoin And Cryptocurrency Mining Farm

by | Apr 30, 2018 | Bitcoin, Cryptocurrency, Mining

Bitcoin | Bitcoin Mining | Cryptocurrency Mining Australia

A 20-megawatt solar farm that will be used to power cryptocurrency mining and a data center in Collie, Western Australia.

Hadouken Pty Ltd. which is owned by Ben Tan, has submitted an application to set up a 20 megawatt Bitcoin mining operation in Collie, Australia. To power this energy-intensive business, the firm will rely solely on solar energy.

Powering a data center and cryptocurrency mining operation requires a lot of electricity, but given Australia’s climate, it seems appropriate to bank on solar energy.

Although it is not the first solar farm to be built in the state, it is the first to focus on cryptocurrency mining. Hadouken Pty Ltd will focus on mining Bitcoin as well as “other crypto currencies”, although it remains unclear which currencies they will be. Local residents were not too amused by the prospect of this solar farm, but their opinions were not strong enough to prevent the planning approval from being granted.

The site of the expected solar farm is approximately 2 kilometers (approximately 1.25 miles) north of Collie, a rural town situated 213 kilometers (approximately 132 miles) south of the Perth, the state’s capital. Collie is home to Western Australia’s largest power generator, Muja , a coal-fired power station capable of generating 854 megawatts of electricity.

Reports indicate that a single transaction consumes enough energy to power 28.79 US households for a day, with the entire Bitcoin network consuming enough energy to power 5,699,560 households in the US or enough energy to power the entire country of Ireland.

Also Read: List Of Cryptocurrencies For CPU Mining | Best CPU Mining Coins

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