Reducing Energy Waste by Hydro Power Plants Which Assist Crypto Mining

You have surely heard from here and there that the process of Bitcoin transactions verification needs a lot of energy. But now Bitcoin mining comes to help electricity producers. 
Fortunately, the nature has always helped hydropower plants and in seasonal rainfalls there is much surplus energy which should be in some way exploited; however, if there are some Bitcoin farms near these plants, there will be much less energy waste as well as lower costs.

China and the Use of Its Rainy Seasons’ Precipitations

On the contrary to the cold seasons when china experiences its lowest profit in case of Bitcoin mining, the springs can save the industry, since the phenomenon called “plum rain” in east Asian regions caused inferior rates of electricity albeit in the parts which are equipped with hydroelectric infrastructure. The amount of surplus water in the dams causes hydroelectric stations to produce electricity more than the local need. This procedure affects the rate of electricity for the local people too. 
One of the companies which have taken advantage of such situation is Bitmain located in Beijing by using this hydro power produced in the spring and summer. It has previously been reported about the activities of this company in China including 100,000 mining rigs used before and having the plan to have 200,000 more.
This kind of cooperation is profitable for both parties, it lowers the charges Bitcoin mining companies bear and helps energy companies better manage their surplus energies.
According to what Kirk Su, business development manager of Bitcoin.com’s operations has told news.Bitcoin.com. such good opportunity has absorbed many of mining companies to start their farms in Sichuan which is rich in seasonal rain. The main benefit for the companies is using electricity with lower prices. He himself has started a midsized farm there to use the electricity energy produced by a state-owned plant. He states that most of the companies cooperate with private power plants because the status of crypto mining is not still much obvious in china. Generally, due to observing some standard rules, working with the companies which are managed by the government brings about higher charges.

What Impedes Mining in China?

Despite low energy cost in this Asian country, you cannot predict the thing which is dependent on nature and seasonal changes. This issue is not limited to the nature though, as Russians experienced uselessness of many of its fundamental industrial infrastructures after its dissolution, so you can see a high range of difference in electricity rate depending on whether that district owns more equipment and rivers or not.

Paraguay, a Window to New Opportunities 

Paraguay is a South American country and rich in water resources, so it has powerful hydroelectric plants. The same is true about much surplus energy. Among the companies who started their mining activities to apply low-cost energy there are Bitfury Group, and Commons Foundation.
 

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