A crypto mining data center in the state of South Australia will be running mainly on solar-generated electricity, a media report reveals. The coin minting facility has been set up in a region known for its energy-hungry iron ore extraction and steel production.
Bitcoin Farm to Mine Cryptocurrency on Solar and Excess Energy in South Australia
The ‘Steel City’ of Whyalla in South Australia has become home to a new crypto mining installation that will run on electricity generated from solar power. Operated by the Lumos Digital Mining company, the 5-megawatt facility will be minting bitcoin, a process often blamed for its energy-intensive nature.
Australian national broadcaster ABC notes in a report that at a time when the world is trying to reduce energy consumption, the extraction of the leading cryptocurrency by market capitalization uses more power than medium-sized nations such as Argentina. It’s echoing criticism often highlighted by mass media around the world.
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