Dec 25, 2021
Using Clean Energy For Mining Cryptos.
Mining companies increasingly has now see the need to rely on solar energy to generate aid electricity at remote sites. Because mining sites operate 24/7, they need reliable surveillance, communication and lighting services for secure, continuous operation.
So with so much demand for solar energy, this has birth solar energy companies into the ecosystem, and this companies are doing a tremendous work in delivery the demand of solar energy to this increasingly, mining companies.
Most of the pioneered solar energy companies like, MorningStar which has product built since from 1993 which this products are still in use till today.
But now there are other solar energy companies which has come into space to make the ecosystem more readily available for the mining companies.
MINING ON THE SUN
According to an article written by the IOEN company, which say’s “Cryptocurrencies in general get a bad rap because they are disrupting the status quo; in fact, the most powerful status quo, the financial industry. Large scale mining operations tend to set up near hydro dams, or in the case of Iceland, geothermal rifts, so the energy is effectively free”. So with this you can tell that even living close to a mining rig is not, of free energy.
Crypto With Clean Energy
Solar panels are becoming more affordable, and even in cloudy old Germany, residential rooftops account for 14% of total installed capacity. The purchase will eventually pay for itself since the right inverter will route electricity into the house rather than back to the grid.
Well what this company IOEN is trying to achieve is the use of clean crypto energy, with the $IOEN (local token)application, which users can set their mining rigs to automatically monitor local energy market conditions and crypto market prices. Homes connected within IOEN microgrids can take advantage of intelligent clean energy cryptocurrency mining.
This is the basis of the IOEN Solar Mining Use Case. And it works: IOEN has conducted tests with 36 solar panels on a residential Australian home with an Antminer D3 using 1200W. Granted, Australia is sunny, but a small supplemental battery can fill in the curve. Get to know more about this visit >>HERE << for further details.
About IOEN
IOEN is the next generation of digital energy management and optimisation. IOEN tech enables an interconnected system of virtual microgrids that facilitate transactions within and between local energy ecosystems: from the appliance level to energy generation, storage, and consumption.
Reach out through this mediums to know more about IOEN by using the links below
