The Bitcoin shitcoin machine: Mining BTC with biogas
Next time someone tries to poo-poo the renewable credentials of Bitcoin (BTC) mining, remember AmityAge Mining Farm. Founded by Gabriel Kozak and Dušan Matuska, the Bitcoin mining facility uses human and animal waste to generate electricity for mining.
Matuska, the man “who met Satoshi Nakomoto”, told Cointelegraph that “methane from biodegradation processes runs our machines.” As human and animal waste isn’t running out any time soon, their BTC mining process is both environmentally friendly and renewable.
According to Matuska, using renewable energies such as biogas “shows that we can really accelerate the adoption of these renewables and make their return on investment higher in the end,” while also being a cheap source of energy.
An ecologically sound and low-cost way of generating electricity, biogas electricity plants convert waste into methane gas due to a fermentation process. The gas is then burned as fuel.
Matt Lohstroh, Co-founder of Giga Energy, a natural gas Bitcoin miner in Texas, told Cointelegraph that “finding cheap energy [for Bitcoin mining] quickly is the largest issue. All the low-hanging fruit is being plucked away.”
Matuska added that “the situation with energy in Europe changed dramatically in November with a huge price increasing together with a conflict around the corner.” As Lohstroh alludes, turning a profit with Bitcoin mining can be tricky, which keeps Matuska both “busy and worried.”
However, an eternal optimist, Matuska also told Cointelegraph:
Matuska adds that the overall environmental “footprint is pretty low” for their plant and that one of the excesses is “mostly excessive heat.”
If he is looking for ideas for the excessive heat, look no further than the creative Bitcoin mining community
Read more on cointelegraph.com
