The next time someone tries to screw up the renewable Bitcoin credentials (BTC) mining, remember AmityAge Mining Farm. Founded by Gabriel Kozak and Dušan Matuska, the Bitcoin mining facility uses human and animal waste to generate electricity for mining.
Matuska, the man "who knew Satoshi Nakomoto", told Cointelegraph that “methane from biodegradation processes runs our machines.” Since human and animal waste will not end soon, their BTC mining process is green and renewable.
According to Matuska, the use of renewable energy such as biogas “shows that we can really accelerate the adoption of these renewable energies and make their return on investment higher in the end”, while also being a cheap energy source.
An environmentally sound and low-cost way to generate electricity, biogas power plants convert waste into methane gas through a fermentation process. The gas is then burned as fuel.
Matt Lohstroh, co-founder of Giga Energy, a natural gas Bitcoin miner in Texas, told Cointelegraph that “finding cheap energy [for Bitcoin mining] quickly is the biggest problem. All the ripe fruit is being plucked."
Matuska added that "the energy situation in Europe changed dramatically in November with a huge price increase coupled with conflict just around the corner." As Lohstroh alludes, making a profit mining Bitcoin can be tricky, which keeps Matuska "busy and worried."
However, an eternal optimist, Matuska also told Cointelegraph:
“The most exciting part [about Bitcoin mining] is knowing that we are like 'Bitcoin security guys', helping just a little with our hashrate. We are still helping to protect the network.”
Matuska adds that the "overall environmental footprint is pretty low" for his plant and that one of the excesses is "mostly excessive heat."
If you're looking for ideas for excessive heat, look no further than the creative Bitcoin mining community that uses The heat of Bitcoin mining to heat motorhomes, grow flowers in the netherlands and dry timber from logging in Norway.
Matuska "definitely" recommends that more and more curious Bitcoiners get into Bitcoin mining:
“You can gain a lot of useful knowledge while setting up your first miner. You don't have to earn a lot, but the experience is worth a fortune."
Related: 'How I Met Satoshi': The Mission To Teach Bitcoin To 100 Million People By 2030
For those interested in getting into Bitcoin mining at home, while the process used to be complicated and expensive, Solo mining is making a comeback. Compass Mining, the pioneers of Bitcoin mining at home, thrown out direct-to-consumer hardware sales by the end of 2021.
Compass CEO Whit Gibbs told Cointelegraph that Bitcoin miners are some of the biggest Bitcoin bills. He illustrates the point, “you could buy $10,000 worth of bitcoin or you can buy an ASIC (Bitcoin miner)”, knowing full well that it should return the initial investment in a period of “12 to 14 months”. He concludes:
“You have to be bullish on Bitcoin to believe that you are going to see that return in a timely manner rather than just buying that amount of Bitcoin outright.”
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