Loans for mining Bitcoin in Mexico, a solution found by crowdfunding company RedGirasol using its unused 100+ solar panels (61.03 kW). The plan is to build a mine in the city of Puebla, southeast of the country’s capital, to fund the acquisition of ASICs (Application Specific Integrated Circuits) and provide hosting and device operation services for clean energy.
Mauricio de Mucha, founder of RedGirasol, stated today in a webinar attended by CriptoNoticias that after research it was determined that Bitcoin mining was the best option for the company’s future plans. Considering that it recently received final approval to operate as a financial technology institution under the supervision of the National Banking and Securities Commission and the Bank of Mexico.
Senator Indira Kempis, who was invited to the virtual meeting, advocated for Bitcoin regulation to give the country a bigger push for cryptocurrency adoption.
Kempis welcomes RedGirasol’s move to offer a sustainable alternative to bitcoin mining at a time when the industry has been singled out for its high energy consumption and climate impact.
The world’s energy consumption will continue to increase, not because of Bitcoin, but because of the numerous industries that exist on Earth and because of human activities. In addition, digital mining is becoming more and more sophisticated as it requires more powerful equipment while requiring more energy and larger investments to obtain it. All of this is making bitcoin mining increasingly difficult for most people, which is why we have developed a solution to reverse these factors that are currently working against the industry.
Mauricio de Mucha, Gründer der Crowdfunding-Plattform RedGirasol.
Neue Bitcoin-Mining-Farm in Mexiko
Although he didn’t say when it would be launched, Mauricio de Mucha showed off the company’s pilot. This includes installing a small bitcoin mining farm in the city of Puebla, specifically at the facilities of solar energy company Ergosolar.
De Mucha added that the new mining center will operate with 11 Bitmain S19J Pro Antminers in the first phase. But he didn’t explain why they chose that option or which mining company advised them. At the time of writing this note, the RedGirasol team has yet to receive a response to a request for comment sent by CriptoNoticias.
As the outlet published last December, a study showed that the Antminers S19J Pros are so much more sensitive to high temperatures that their efficiency becomes limited as the heat increases.
Analysis of these devices revealed that the wattage consumption of these ASICs increased from left to right, suggesting that higher temperatures are directly related to higher power consumption, which does not translate to more gain even at constant frequency and voltage. Capacity.
Separately, RedGirasol plans for all ASICs to be powered by “green” or clean energy as the farm will be powered by more than 160 solar panels.
More than 60 solar panels have already been installed in the Ergosolar facility, and RedGirasol will install more solar panels and remove them from companies and institutions that benefited from loans but did not pay on time.
More than 165 of the company’s idle solar panels will be installed at the mine that will be commissioned by RedGirasol in Puebla. Capture Zoom/Webinar RedSunflower.
As stated on its website, its platform provides financing for renewable energy and eco-efficiency projects. So far, it has involved more than 14,000 investors, which has allowed it to develop 700 seed projects.
These projects have enabled users to save up to 90% on their electricity bills and saved more than 80,000 tons of carbon dioxide, the equivalent of planting more than 70,000 trees.
Funding: The Gateway to Bitcoin Mining
Now RedGirasol is determined to get into bitcoin mining and is offering over $1,000 in ASIC purchase credits payable over 5 years.
In addition, it will provide hosting and operation services for the device, although it does not specify how much miners who prefer these options will have to pay. It’s unclear if or when Mexicans who already own a device will be able to use the hosting service.
The RedGirasol team believes their proposal will make clean-energy Bitcoin mining more accessible to Mexicans. Capture Zoom/Webinar RedSunflower.
Not only will miners’ operations be powered by clean energy, but miners will also be able to offset their carbon footprint by purchasing bonds, Mauricio de Mucha added. Linked to this is the idea of making other environmental projects profitable that have not previously been economical.
On the other hand, he explained that the mined bitcoins are deposited directly to each team owner’s addresses, but they cannot use them to pay their credits, they can only use Mexican pesos.
Source of information: compiled from CRYPTONOTICIAS by 0x information, copyright belongs to the author and may not be reproduced without permission