Nairobi Based KenGen Allows Bitcoin Miners To Take Benefit From Renewable Energy

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....

The use of renewable energy for cryptocurrency mining has seen considerable growth, according to a new report. The rising energy demand of proof-of-work cryptocurrencies such as Bitcoin (BTC) has been a hotly debated topic. But the 3rd Global Cryptoasset Benchmarking Study by the University of Cambridge shows that 76% of cryptocurrency miners use electricity from renewable energy sources as part of their energy mix.The study found that over 39% of the total energy consumed by PoW cryptocurrencies including Bitcoin, Ether (ETH), Bitcoin Cash (BCH) and others comes from renewable energy....

KenGen, Kenya’s largest energy producer, plans to deliver excess geothermal energy to bitcoin miners in the region.

The new presidential decree published on April 27 will cause electricity prices pulled from the standard energy grid to increase by double. The Uzbekistan new law will support the use of solar power in order to shift crypto miners away from coal. It’s an exciting idea that could help kickstart renewable energy projects within the […]

The company improves the performance of renewable energy facilities with bitcoin miners.