Sili Atu Malosiaga Green: Crypto Mining Faasaoina se Fale Malosiaga Hydro i Costa Rica

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Aso Lulu, Ian 12, 2022 2:11 PM

Sili Atu Malosiaga Green: Crypto Mining Faasaoina se Fale Malosiaga Hydro i Costa Rica

Green energy powers most of Bitcoin mining and the world might as well face it. And the rest of the cryptocurrencies that use Proof-Of-Work might be right behind, because they follow the same incentives. In their quest for cheaper energy sources, they all reach the same conclusion. Humanity is wasting renewable energy all over the world. And wasted energy is the cheapest of them all. 

In today’s story, a hydropower plant that had to pause operations for nine months found cryptocurrency mining and got the dream client they needed. Reuters gives us the prelude to the story:

"O le fale na faʻamalosia e toe faʻafouina ia lava ina ua mavae le 30 tausaga ona ua taofia e le malo le faʻatauina o le eletise i le taimi o faʻamaʻi ona o le faʻateleina o le eletise i le atunuʻu o Amerika Tutotonu, lea e pule ai le setete i le tufatufaina atu o le malosi."

How much green energy does a country has to have to just stop buying from a clean hydro plant? Well, according to hydropower.org: 

"I le faaiuga o le 2016, Costa Rica na ausia le aofaʻi o le eletise eletise faʻapipiʻiina o le 2.12 GW. Na pulea e le atunuu ulutala mo le tausaga sosoo lona lua, ausia le 100 pasene le gaosiga o le eletise faʻafouina mo le aofaʻi e 271 aso.

O ulu tautala uma ma o latou tina matutua na faʻasalalau le ESG FUD e ala i faʻasalalauga masani. Ma e sasaa atu lena mea i luga o ala o faasalalauga lautele, lea e mautinoa ai e tagata uma o le crypto mining o loʻo faʻavevela le sami. Ona o lena mea, na masalosalo ai Eduardo Kooper, le pule o le laau, e alu i le auala eli ai le crypto. Ae ui i lea, sa tatau lava ona latou pivote. Sa latou taumafai i isi pisinisi, e pei o le faia o mea'ai aisa, ma e leai ma se tasi e galue. Sa leai se isi filifiliga.

“Sa ou matua masalosalo lava i le taimi muamua, ae na matou vaaia o lenei pisinisi e alu ai le tele o le malosi ma o loʻo i ai a matou tupe faʻasili."

O le kamupani hydroelectric, faatasi ai ma ana laau toto e tolu e tusa ma le $ 13.5 miliona ma le tolu Megawatt malosiaga, na faʻatupeina le $ 500,000 e faʻatautaia ai le faʻatautaia o masini komepiuta numera.

Why would miners move their operation to a hydro plant, though? Wouldn’t it be more comfortable doing it at home? They are heavily incentivized to look for the cheapest energy possible, that’s why. And green energy is renewable. Coal is not. The Reuters report quotes one of the hydropower plant’s satisfied customers:

“Installing it in this place is much more profitable than at home,” at almost half the cost, he calculated, after connecting his computer to the network at the river-powered plant.”

Pisinisi o pisinisi.

We at NewsBTC have been telling you this. Bitcoin mining incentivizes the creation of green energy infrastructure. And it can finance green energy plants already in place. Mining provides both a buyer of first resort and a buyer of last resort. Three months ago, we wrote:

“A whitepaper by the Bitcoin Clean Energy Initiative from earlier this year had explained how bitcoin mining, when using renewable energy, “is especially suited to accelerate the energy transition” towards a cleaner electricity grid.”

And two months ago, in an article on how Bitcoin mining is helping the Navajo Nation in more ways than one, we told you:

“A o taumafai le lalolagi e aveese le malosi o le koale, o le Navajo o loʻo faʻafouina e faʻatatau i taimi. E tusa ai ma le saunoaga a Walter Hasse, le peresitene o le Navajo Tribal Utility Authority, "Sa i ai laʻu eletise sili atu e tatau ona ou totogia ma taulimaina. I le taimi nei, ou te manaʻo e fausia le malosi faʻafouina e sui ai aʻu punaoa koale ua leiloloa i le atunuʻu atoa. Ou te manaʻomia se tasi e faʻaaogaina lena punaoa malosi faʻafouina."

Ma le Bitcoin mining, they have that buyer. And now, the other PoW cryptocurrencies can follow Bitcoin’s example. In Costa Rica, the other side of the world, a power station manager reaches the same conclusion as the  Navajo Tribal Utility Authority president. Quoting Reuters again:

"Fai mai Kooper, o loʻo sailia e le aufaipisinisi faʻavaomalo le malosi mama, taugofie ma se fesoʻotaʻiga initaneti mautu, lea e tele ai Costa Rica. Ae ui i lea, na ia fai mai e tatau ona sili atu le malosi o le malo o Costa Rica e uiga i le taumafai e faatosina atili pisinisi maina crypto, e ui lava na te leʻi tuuina mai ni faʻamatalaga patino.

Fa'amaonia-O-Galue mining ose upega lelei mo le paneta. O le a taʻitaʻia ai i tatou i le lumanaʻi malosi lanumeamata o loʻo moemiti i ai tagata. Na'o le pau lea o le alamanuia e mafai ona faia. Ma o le suiga ua leva ona amata. 

Punavai autu: NewsBTC