Cryptosolartech, a Spanish cryptocurrency mining firm which utilizes renewable energy for its operations, signed a partnership with a Chinese photovoltaic solar panel maker to develop a solar farm with a production capacity of 300 MW.
The Spanish branch of Chinese firm Risen Energy, Risen Energy Spain, is planning to build the solar farm in the Southern European country with a view of using the electricity generated from the solar plant only for cryptocurrency mining.
The progress is taking gradual steps. The first phase of the project will include setting up three photovoltaic plants with a combined capacity of 45 MW in Seville province in Spain. The produced electricity will be sent to mining farms which are located in Malaga city. The firm expects to open a path to startups and installation of the photovoltaic plants with a capacity of 300 MW which will give clean energy to the biggest mining farm in Spain.
Currently two plants: one in Marchena and one in Cantilana are already working but Cryptosolartech already built up the three more in Salteras, Palomares and Alcala de Guadaira.
Due to the fact that a heavy usage of electricity and continuous contribution to global warming, the cryptocurrency mining sector is also done in other countries. In Australia, D Coin, the cryptocurrency subsidiary of a data center operator DC Two is researching a crypto mining facility that uses solar energy. The facility is located in a coal town and results to be assumed to suggest lower rates compared to other data centres is ready to start operations early next year. The company claimed that by offering customized low cost hosting options specialized engineering for cryptocurrency and Bitcoin mining internationally, DC Two & D Coin have drawn the interest from both local and international crypto mining community.
Furthermore, Hollywood actor William Shatner claimed that he puts efforts to promote using eco-friendly energy in the mining of cryptocurrencies. It went through with a Canada based firm, Solar Alliance. The firm reported to have gained an abandoned warehouse in Illinois to lend to cryptocurrency miners who will use electricity produced by a 3MW solar farm.
Author: Jieun Lee