The next time someone tries to disable their updated bitcoin mining credentials, remember the AmityAge mining farm. Founded by Gabriel Kozak and Dušan Matushka, the bitcoin (BTC) mining operation uses human and animal waste to generate electricity for mining.
“Methane from biodegradation processes drives our machines,” Matushka, the man who “dated Satoshi Nakamoto,” told Cointelegraph. Since the waste from people and animals is not currently empty, the BTC mining process at the factory is environmentally friendly and renewable.
Matushka and his colleague are processing bitcoin miners at the factory. Source: Dushan Matushka
The use of renewable energy sources such as biogas shows that we can indeed speed up the use of these renewable energy sources and ultimately increase yield while remaining a cheap source of energy, Matushka said.
An environmentally friendly and affordable way to generate electricity, biogas power plants convert waste gas into methane through a fermentation process. The gas is then burned as a fuel.
A source of hot smoke from a mined bitcoin, ready for energy transfer. Source: Mother
Matt Lochstraw, co-founder of Giga Energy, a Texas-based bitcoin mining company powered by natural gas, told Cointelegraph that “finding cheap energy [for bitcoin mining] quickly is the biggest challenge. All hanging fruits have been harvested.”
“The energy situation in Europe changed dramatically in November, with huge price increases and a looming conflict,” Matuska added. As Lochstroh suggests, it can be difficult to earn money through bitcoin mining, leaving Mother “busy and worried.”
However, the eternal optimist Matushka also told Cointelegraph:
“The most exciting part [in bitcoin mining] is knowing that we are like the ‘bitcoin security guys’ and we help very little with our hash rate. We continue to help protect the network.”
Matushka added that “the plant’s overall environmental impact” is “very low” and one of the benefits is “mostly excess heat.”
Mother, “Bitcoin Safe”, in front of the biogas plant. Source: Mother
If he’s looking for ideas for excessive heat, he doesn’t need to look any further than the creative community of bitcoin miners who use heat to heat mobile homes, grow flowers in the Netherlands, and dry wood from lumberjacks in Norway.
Mother “definitely” recommends that more and more curious bitcoiners get into bitcoin mining:
“You can gain a lot of useful knowledge when setting up your first miner. You don’t have to earn much, but the experience is worth a fortune.”
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For those interested in bitcoin mining at home, the process has been difficult and expensive, but solo mining is making a comeback. Compass Mining, the pioneer of home Bitcoin mining, launched direct-to-consumer hardware sales at the end of 2021.
Compass CEO Witt Gibbs told Cointelegraph that BTC miners are Bitcoin’s biggest bulls. He explained the next point: “You can buy Bitcoin for $10,000 or you can buy an ASIC (Bitcoin Mining Machine)” knowing that it will return the initial investment within “12 to 14 months.” he completed:
“You have to be optimistic about bitcoin to think that over time you will see a return, and not just buy that amount of bitcoin directly.”