Green energy made useful for mining

Japanese energy operator Kumamoto uses excess energy to mine cryptocurrency
01 March 2018   885

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.

Bitfury to Represent Bitcoin Mining Optimization Chip

The product is called Bitfury Clarke ASIC and it's based on five successful generations of mining chips
20 September 2018   131

Bitfury Group introduced a new generation of hardware for bitcoin mining under the control of the integrated microcircuit Bitfury Clarke ASIC.

Five successful generations of Bitfury mining chips are the basis for new Bitfury Clarke ASIC. According to the developers, the new chip has the highest performance characteristics among the bitcoin mining hardware.

14nm Bitfury Clarke ASIC is fully optimized for Bitcoin Mining on SHA256. The hashing capacity is up to 120 Gigahets per second (GH / s) with energy costs of only 55 miljoules per gigahash (mJ / GH). The minimum required mains voltage is 0.3 V.

In addition to selling Bitfury Clarke chips, Bitfury also integrates Bitfury Clarke into other hardware, including its own servers for mining and BlockBoxes, as well as in the mining centers in Canada, Norway, Iceland and Georgia.