Source: ABC News (Australia)
Bitcoin mining donga project launched in outback Queensland | ABC News
Jun 27, 2023 · 2m 8s
https://www.youtube.com/watch?v=6YWp0JhPT4Q
this is not your typical Outback shed old gas Wells on Stuart McKenzie's grazing property in remote Southwest Queensland are being used to power a process known as Bitcoin mining you made me think well that's you can't do that of course but of course you can like you need computer capacity you need power and which they've done and you need connectivity so how does it work the
natural gas is processed by a generator to power 66 Bitcoin mining computers inside the donga which are then connected to the internet via satellite Bitcoin miners earn fees when they verify complex cryptocurrency transactions around the world there's not much infrastructure in terms of an electricity net or the Grid or anything any users um so really we were looking for a market which uses energy because we
can we can generate power on on site this donger generates around 300 per day for Canadian company Bengal energy which bought the gas Wells so it's really a baby version of what we're envisaging um a full size um to look like mining for cryptocurrency uses huge amounts of energy the typical estimate is as much as a small country it depends a lot on the price of
Bitcoin the more expensive it is the more energy it makes sense to waste generating it but a typical comparative countries in New Zealand or Spain it's the first project of its kind in Australia I think it's just exciting to see such an Innovative approach to to using what is a very valuable resource Victoria pengilly ABC News era manga
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