Philip Hughes, a farmer from the Welsh village of Denbighshire, uses the excreta from his cows to mine the cryptocurrency Ethereum. Other colleagues are said to have already shown interest.
• Sustainable crypto mining using cow dung
• Welsh farmer uses biogas plant to mine the crypto currency Ethereum
• Other farmers interested in sustainable crypto mining using cow dung
Sustainable crypto trend
The interest in cryptocurrencies and the blockchain technology on which they are based continues unabated. The situation is similar with the so-called mining of cryptocurrencies, in which users make the computing power of their computer or a special network available to solve cryptographic tasks that generate new blocks in the blockchain. Cryptographic tasks serve to ensure the validity of a block in the blockchain, as they reflect the effort that had to be expended to solve the task and thus to generate a valid block. The mining process is therefore not only time-consuming, but also energy-intensive, which makes many miners think.
Including Philip Hughes, who started a trend in his region by starting to generate the electricity needed to mine the cryptocurrency Ethereum through his biogas plant, which is operated with the manure of his cows. According to reports from the British television network BBC, other colleagues have already shown interest in this concept.
Philip Hughes swears by sustainability. He told the BBC that both the Ethereum mining process and the supply to his farm and the adjacent camping area are powered by the electricity that his biogas plant produces. – Trade Bitcoin with Plus 500 – this is how it works. 72% of retail investor accounts lose money when trading CFDs with this provider. You should carefully consider whether you can afford the high risk of losing your money. – Hughes’ cows play a key role in this process, as they continuously excrete manure and thus generate the chemical element required to power the biogas plant. As part of the decomposition of the cow dung, the alkane methane is produced, which is used to drive the turbines. The resulting kinetic energy can then be converted into electricity.
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Crypto mining using cow dung – more and more are getting on board
The public discourse about the energy consumption of crypto currencies is wide-spread. As BINANCE WIKI reports, many of Hughes’ colleagues have already joined the sustainability trend and switched to the traditional multi-purpose resource cow dung to generate electricity for their crypto mining operations. At the same time, they diversify and increase their income. Surplus electricity that is not used for crypto mining or supplying farms goes to the National Grid utility , which operates the high-voltage electricity transmission network in England and Wales, which farmers get around $ 0.1 each , according to BINANCE WIKI Brings in kilowatts.