Kumamoto City local energy producer has reported it established an affiliate company OZ Mining that deals with the virtual currency. OZ Mining buys electricity from Kumamoto solar plants at a rate of 10~19 yen/kWh. The amount that the operator offers is a surplus of the produced electricity. This kind of application makes it effective to mine cryptocurrency.
Apart from just mining cryptocurrency, OZ Mining specializes in designing and building data centre sites (like mining farms) and assembles necessary mining rigs that can be fit to customer needs and power capabilities. Another notable product of the company is mining systems designed to work in cooperation to further increase the effectiveness.
The uncontrolled usage of electricity for the mining needs has recently become a mind-boggling issue. The situation has a reached a point when a solo mining farm easily overspends an entire country in terms of energy consumption. This poses a risk of huge pollution and environmental disaster. The instance of using a green energy is unprecedented and potentially could pave a way to more affordable renewable energy. Sources of renewable energy are usually located far from the population and pose a threat to the environment.