Deutsche Telekom Ventures into Bitcoin Mining with Renewable Energy
Deutsche Telekom, Europe's largest telecommunications provider, has announced a groundbreaking initiative to enter the Bitcoin mining sector using surplus renewable energy. According to Cointelegraph Deutschland, this project is named "Digital Monetary Photosynthesis" and aims to utilize excess energy from sources like wind turbines that would otherwise remain unused. The venture is being developed in collaboration with Bankhaus Metzler and will see mining facilities set up at Riva's premises in Backnang, Germany.
This move comes as part of an effort by Deutsche Telekom MMS to regulate fluctuations within Germany’s power grid through innovative use cases for blockchain technology. Oliver Nyderle from Deutsche Telekom highlighted how such projects could stabilize the national electricity network while exploring further financial services related to digital assets.
Sustainable Solar-Powered Bitcoin Mining Experiment
Coin Kurier reports on another facet of Deutsche Telekom's exploration into sustainable cryptocurrency practices: utilizing solar power for environmentally friendly Bitcoin mining experiments. In partnership with Bankhaus Metzler, they are testing whether surplus solar energy can efficiently mine cryptocurrencies at their site in Backnang equipped with dedicated hardware containers powered by onsite photovoltaic systems.
This experiment not only seeks data for future initiatives but also represents a significant step towards greener crypto-mining methods amidst global climate concerns. Should these trials prove successful, it may pave the way for broader adoption of similar technologies enhancing both efficiency and environmental impact mitigation across various sectors reliant upon renewable resources.
Pioneering Use of Excess Green Power in Crypto-Mining
According to Coin-Update, Deutsche Telekom has embarked on a pilot project aimed at harnessing unutilized green energy—specifically wind and solar—to fuel its new Bitcoin-mining operations managed alongside Metis Solutions GmbH under supervision from Bankhaus Metzler experts who seek insights supporting subsequent endeavors designed around stabilizing fluctuating supply-demand dynamics inherent within modern electrical grids worldwide.
Sources:
- Deutsche Telekom: Einstieg in Bitcoin (BTC)-Mining mit erneuerbarer Energie
- Deutsche Telekom setzt auf Solarstrom für umweltfreundliches Bitcoin-Mining-Experiment
- Telekom startet Bitcoin-Mining mit überschüssigem Öko-Strom
- Telekom schürft nun selbst Bitcoin – mit überschüssigem Solarstrom
- Deutsche Telekom-Aktie: Genial!
- Metzler und Telekom im Bitcoin-Mining verbunden
