The market of digital currencies or cryptocurrencies It went through a complicated situation in 2022, with the fall in value of the main digital currencies after the scandalous FTX collapse. To this was added the lack of regulation with the consequent discussion about the transparency and efficiency of the crypto industry.
The truth is Bitcoin It continues to be the most important digital currency in the world. Despite the fact that this year presents a difficult panorama, it is very likely that digital assets (cryptocurrencies) will continue to exist. The specialists even project that they could even increase the number of users who are inclined towards this type of investment.
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In this context, a startup argentina which leads the activity focused on mining bitcoins with industrial waste, was selected to participate in the most important conference in the world on Energy used for Bitcoin mining. Is about Crypto Farmsa platform recognized as an international company, precisely because it is the first to be dedicated to mining bitcoins using wasteboth industrial and agricultural.
The conference will take place on March 26 and 27 at the DoubleTree by Hilton Hotel Miami Airport & Convention Center, located in the city of Miami. The event will include the CEO of the startup, Jose Maria Sarasolawho will integrate the renewable energy and sustainable crypto-mining panels, together with world leaders in the field.
A paradigm shift to vindicate Bitcoin
The Crypto Farms platform also has among its objectives as a company to vindicate the bitcoinas an agent that can contribute for the benefit of the environmentand not as an agent capable of generating damage, as is commonly attributed to it.
Specifically, the startup carries out its activity while offering an incentive for companies that generate waste to use their own waste to generate electricity through the production of biogas. Likewise, it promotes that based on that generated energy they also obtain an economic income through the crypto-mining.
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The relevance of this project lies in the fact that it represents an important paradigm shift, because the principal currency global digital, could drive a change in the treatment of effluents and waste. In this way, it could be prevented that these contaminants end up generating pollution and damage to the environment.
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One of the main criticisms of the crypto industry is precisely that the mined from cryptocurrencies It requires the use of a lot of energy due to the use of equipment with great power and high energy demand. The problem is that most of that electricity comes from fossil fuels. That is why it is presented as a great challenge in the world of digital mining, to be able to find alternative and sustainable sources.
In this frame, Cryptogranjas, the Argentine app dedicated to bitcoin mining, developed a project for the generation of clean energy. It should be remembered that the launch and presentation was during the VirtualityBA event, which was held last year in La Rural.
The use of waste in order to generate clean energy for mining, or what in other words would be “turn trash into money”It seems like a utopia, but it is already underway and it is real. It is a project that uses the droppings of pigs, cows and other organic waste as raw material for energy production.
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This waste is stored in hermetic containers for organic waste (digesters), in which, due to the natural activity of bacteria, methane gas is generated. Subsequently, that generated gas is used to start engines that feed the super computers that are used in bitcoin mining.
The company performs this treatment at the company’s plant Helios Clean Energy, strategic partner of the startup Cryptogranjas to carry out the venture. It should be remembered that the crypto mining process requires validating and recording the transactions carried out by different users in a certain block network.
In the case of bitcoin, the task of validation and generation of new coins, implies being able to solve complex mathematical puzzles, with the help of powerful computers with a high demand for electrical energy. The relevance of this sustainable initiative is evidenced by the mere fact of using waste to generate the energy that feeds the crypto mining equipment, while also benefiting the environment.
JL
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