TEPCO Subsidiary Mines Bitcoin with Surplus Energy
A subsidiary of the Tokyo Electric Power Company (TEPCO) is now mining Bitcoin using surplus energy. According to a report from Bitcoin Nachrichten, this initiative aims to utilize excess power that would otherwise go to waste, turning it into profitable cryptocurrency mining operations.
TEPCO Subsidiary Explores Bitcoin Mining with Green Energy Amid Solar Controversies
The Japanese company Agile Energy, a subsidiary of TEPCO, is exploring Bitcoin mining amidst ongoing solar energy controversies. As reported by Cryptopolitan, the project seeks to manage imbalances in electricity supply and demand caused by photovoltaic sources. This approach could provide incentives for companies investing in green energy systems while addressing issues related to system overloads and blackouts.
Tateiwa, President of Agile Energy, highlighted that utilizing surplus renewable energy for Bitcoin mining can make such investments more lucrative. Despite some resistance due to environmental concerns over solar parks, there are already setups near existing facilities in Gunma and Tochigi prefectures aimed at leveraging unused power efficiently.
Bitcoin Hashrate Reaches 692 EH/s, Nears 700 EH/s Milestone
The hashrate of Bitcoin has reached an impressive milestone of 692 exahashes per second (EH/s), edging closer towards the significant benchmark of 700 EH/s. This development was covered extensively by Bitcoin Nachrichten. The increasing hashrate indicates growing computational power dedicated to securing the network and processing transactions on the blockchain.
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