Kill two birds with one stone! Strongle Digital Mining (SDIG.US) uses coal ash to power bitcoin mining operations

Zhitong Finance has learned that in the past, the large amount of electricity required to mine Bitcoin has sparked debate in the market, questioning whether the value behind the practice is worth the potential environmental costs.

In the context of the debate, recently, the encrypted asset mining company Strongly Digital Mining (SDIG.US) said that the company has found a new way to clean up waste for the community while mining bitcoin.

Strongly Digital Mining said it uses waste coal ash leftover from coal-fired power plants to generate electricity to power hundreds of supercomputers that mine bitcoin.

Coal ash is understood to be a by-product of coal-fired power generation, the waste seeps into groundwater to pollute waterways and contains heavy metals considered carcinogens. And the company discovered this new way to collect coal ash from nearby coal mines and treat it at a waste coal treatment plant. After sorting and crushing, the coal ash is sent to a boiler room to be burned to generate electricity that powers the company’s bitcoin mining operations.

According to statistics, it takes a lot of electricity to power these supercomputers, and the electricity used to mine Bitcoin every year may be more than the electricity of the entire country of Finland.

Greg Beard, CEO of Strongple, said: “The Bitcoin mining network itself is the largest decentralized computer network in the world, and this network requires enormous amounts of electricity, so it makes a lot of sense to put Bitcoin mining and power plants together. ."

Bill Spence, co-chairman of Stroughtle Digital Mining, also noted: “I think this is a perfect niche for cryptocurrencies.”

Source: BITCOIN86