Foreign Wakanda starts in Morocco thanks to Bitcoin

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Firm Bets on 900MW Wind Farm in the Sahara Desert to Mine Bitcoin

As Bitcoin mining becomes more popular, the electrical cost for running the operation is causing a series of problems for local communities and environmental groups.

Soluna, a computing company that uses renewable energy to power its systems, wants to offset the carbon footprint of mining Bitcoin by building a wind-powered blockchain computing infrastructure in the Sahara Desert.

Since it was first launched, blockchain has been a menace to the energy sector as it relies on the Proof-of-Work (PoW) consensus mechanism to remain secure. Bitcoin already consumes too much energy. Digiconomist reports mining operation uses approximately 71 terawatt hours (TWh) per year, an equivalent of 10% of China’s annual energy usage. It also uses as much energy as Ireland and Austria. Due to the high energy consumption of the activity, miners are continually looking for communities where power is cheap.

According to its press release, Soluna will develop a 900MW wind farm power plant in Morocco which will be combined with the company’s private computing facilities to power the blockchain in an eco-friendly and sustainable way.
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It's nice that they are trying to save the planet, but how is this benefiting Morocco? Or any other African country that has this setup? Is this wind farm powering homes in the area? Or anything in the area? Does the country get a percentage of the bitcoin?

This seems innocuous on its face but this looks like a stepping stone to a land grab in the future. Also these countries that are impoverished or struggling to grow their economies will not benefit from such a deal as laid out in the article.
 
MMA

MMA

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∆y = f(∆x) said:
yeah, because the ROI on actual assets will be better :heh:
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I'm semi retired from mining for 3 plus years :umad:

To put that (900 megawatts) into equivalent that's 692K s9 miners :gucci:

You would lose a lot money mining BTC now with asics, because we are at the last stretch of difficulty/coins available to mine

How will they control that amount of heat in heat :mindblown:

A partner of mine and I were looking at Quebec solely because to expand more, we'd need natural cold climate
 
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MMA

MMA

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Houston911 said:
I need a winner fam
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:mjcry: In this market, you just need to just buy solid coins that have beneficial use cases in the future, and wait a very long time for this market to enter another stage. When time comes always take profit, don't make the mistake many in the groupchat have made. Right now we are looking at a bear year. I've personally stopped mining BTC (with asics) all together.
(join the groupchat's if you haven't already - look for the crypto chat thread, I don't have the shared link)
 
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