Bitcoin - BTC mining has been an activity that largely depends on state power grids. In the United States, a mining company decided to expand its network and will create an electrical substation, through which they will take even more advantage of the energy they use to mine.
In a press release, Riot, based in Texas, United States, announced that they had begun the development of an expansion of their operations, with the construction of an infrastructure capable of transmitting enough energy to execute Bitcoin mining on a large scale. in Navarro County, in that same state.
This plan is conceived as a way to abandon less efficient practices and could aim to improve the use of available electrical energy to mine Bitcoin, in a way that causes the least impact on surrounding communities.
Plans to acquire land, prepare the site and develop electrical substations
They also plan the construction of electrical transmissions and buildings (or sheds), some auxiliary ones and others that will use the cooling mining technology promoted by the American company.
It will be then when the substations are regulated and established at levels suitable for Bitcoin mining.
A phased project
The project will be completed in phases. In a first round, the installation of a mining farm with an initial capacity of 400 MW of power is intended. This, they say, will take place on a plot of just over 1 square kilometer. Hosting and immersion cooled mining operations will begin there, scheduled for July 2023.
An expense of USD 333 million is expected for the completion of this first phase. This will be invested in the rest of the current year, 2022, 2023 and the first three months of 2024.
Once the installation of the first phase is completed, the plan will continue and the capacity will be increased to 1,000 MW or 1 GW.
At the level of large power plants
it can be compared to the power tested in various power plants around the world.
For example, the Riot complex in Navarro will have more power than a nuclear reactor at the Palo Verde plant in the US, one of the largest power plants in the North American country. In general, each reactor has a capacity of 1,270 MW, for a total of 3.8 GW.
A well known strategic partnership
The positive environmental, social, and economic impacts that Bitcoin mining brings to underdeveloped regions of the United States.
Loading
Comments