Kenyan energy company entices Bitcoin miners with geothermal power
The country’s main electricity producer has issued a general invite for Bitcoin miners looking to take advantage of its renewable energy facility near the capital, Nairobi. Kenyan energy company KenGen has put out a call to Bitcoin miners to move nearby and buy its excess renewable power capacity.KenGen claims 86% of its energy is generated from renewable sources, mostly geothermal from pockets of ground source heat in the Great Rift Valley. Local news outlet The Standard reported that KenGen has space at its new industrial park in Olkaria, near its flagship geothermal power station, which....
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KenGen, Kenya’s largest energy producer, plans to deliver excess geothermal energy to bitcoin miners in the region.
Bitcoin miners might soon flood to Nairobi to utilize the geothermal power available for them right now. An energy company makes this power source available and urges miners to purchase it. KenGen operates a renewable energy facility in Olkaria, Nairobi. They have enough space in this facility where bitcoin miners can open up shop for […]
Bitcoin is heating up — some may say erupting — as the Latin American country plans to tap energy from volcanoes for mining the cryptocurrency. Nayib Bukele’s plans for crypto in El Salvador are still in motion, with the president now calling for a geothermal power company to make certain facilities available to Bitcoin miners. In a Wednesday tweet from Bukele, the president said he would be instructing Mynor Gil, the president of the state-owned electrical company LaGeo, to facilitate Bitcoin (BTC) mining “with very cheap, 100% clean, 100% renewable, 0 emissions energy” from the country’s....
According to Nayib Bukele, should the power consumption of the country’s planned Bitcoin City exceed the volcano’s capacity, geothermal energy can be sourced from other sites. El Salvador's President Nayib Bukele has claimed officials will be able to use geothermal energy from one of the country’s inactive volcanoes to power its Bitcoin City project.In a Sunday notice, Bukele said there was a 90% probability of using the Conchagua volcano to supply 42 megawatts — “enough to provide energy to the entire Bitcoin City,” according to the president. The Salvadoran leader said the state-owned....
The president of El Salvador, Nayib Bukele, has confirmed that the country is making investments to secure a geothermal power source for the construction and operation of the upcoming Bitcoin City, which will be financed with the earnings of the so-called “volcano bonds.” Bukele stated there are high chances of finding a well in the area of the Conchagua volcano that will be able to power the whole city by itself. El Salvador Investing in New Geothermal Energy Sources The president of El Salvador, Nayib Bukele, has confirmed that the country is making investments to increase....