The First Solar Powered Bitcoin Mining Farm could be in Coal Town Australia

by | Aug 10, 2018 | Bitcoin, Cryptocurrency News, Mining

Bitcoin | Bitcoin Mining | Cryptocurrency Mining Australia

An Australian data center operator and its crypto subsidiary are developing a Bitcoin mining farm powered by renewable energy. The Solar power form will be first of its kind. The new facility is being developed in the coal-mining town of Collie, some 200km south of Perth, by data center operator DC Two and subsidiary D Coin. The solar farm powering the facility will be built by a company called Hadouken Pty.

As per the report on IT Brief – the two companies are calling it Australia’s first ‘behind the grid’ renewable energy-powered data center. With an aim to achieve competitive power rates via primarily renewable source, the company claims that it will offer the lowest cost and highest density data center in Australia. Notably, specific zones customized to host cryptocurrency mining operations will be offered at the data center. The company spokesperson stated:

“By providing customised low cost hosting options specifically engineered for cryptocurrency and Bitcoin mining at globally competitive rates, DC Two & D Coin have been able to attract the interest of both the local and international crypto mining community.” 

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

The first stage operational by early 2019 will be expected to draw a  power supply of up to 4 megawatts. A service of around 256 IT racks are expected, wherein each rack is capable of delivering up to 30 kw of IT load. The company said:

“In complete crypto mining configuration, using the initial 4MW power availability, the data centre could mine about 650 bitcoins per annum worth around $6 million based on current mining and exchange rates.”

In May, Sydney-based blockchain firm IoT Group, a listed company on the Australian Securities Exchange (ASX) announced a crypto mining operation. Set to be online by early 2019, it remains to see who will become the first “behind the grid” powered data center in Australia.

Arshmeet Hora

The idea of expressing one’s views and reviews through words is beyond intriguing. What started as a creative let out has now become a passion and a profession for Arshmeet K Hora. In her own words ” with every word, every article that I write, my passion towards this medium has grown stronger.”  Arshmeet covers latest crypto news and updates as well as what happening new revolving around Blockchain Technology.

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