- A Kenyan bitcoin mining company, Gridless, recently revealed how it is helping local communities reduce electricity costs by using excess generated power to mine bitcoin.
- In Kenyan villages where the power plants are installed, the communities are only using an equivalent of 10% of the generators’ capacity.
- In response, Gridless advised those interested in replicating this in their respective countries to find a “partner who likes to build small hydro and then work with them on the model so that it becomes a win/win/win for the power producer/community/miner”.
Kenyan Firm Using Wasted Energy to Mine Bitcoin — Business Model Said to Potentially…
