While not one of the most fabulous of developments, it seems that the world of cryptocurrency just had a close encounter of the turd kind with a new way of mining.
To make things clearer, we’ll first feature what Anaerobic Digestion is through Biogas-info.co.uk’s site:
“Anaerobic Digestion (AD) is a natural process where plant and animal materials (biomass) are broken down by micro-organisms in the absence of air. The AD process begins when biomass is put inside a sealed tank or digester. Naturally occurring micro-organisms digest the biomass, which releases a methane-rich gas (biogas) that can be used to generate renewable heat and power; this helps cut fossil fuel use and reduce greenhouse gas emissions.”
“AD is not a new technology, it has been used in the UK since the late 1800s, but now an increasing number of AD plants are being built in the UK to generate clean renewable energy. AD is also used to treat the waste produced in homes, farms, supermarkets and industries across the UK. This helps divert waste from landfill.”
A Northern UK company 4New will be able to employ this rather unusual technology to help generate energy for cryptocurrency mining, offering miners an eco-friendly mining initiative.
As stated by Brand-e, 4New manages two power plants that function by using Anaerobic Digestion to make green energy. 4New plan to use these plants for the mining of cryptocurrency, a process which is extremely energy-consuming.
4New was reported to have said:
“At end-1Q18, one Bitcoin transaction consumed as much power as 30.5 US households for a day, a 500% spike since September 2017. Our free energy is consumed by an onsite mining farm enabling us to present a sustainable, viable and scalable solution to facilitate widespread adoption of cryptocurrencies.”
This new alternative to produce energy for cryptocurrency mining which could be very useful for areas that cannot make use of natural resources such as wind, water, and sun to generate renewable energy.
Not only will the plants constitute a cleaner energy source, but they will also diminish the amount of waste winds up in landfills, as the process depends on the decaying process to make energy.