A solar-powered Bitcoin (BTC) mining plant has begun operations in South Australia to become the first-of-a-kind center in the region.
The plant operated by Lumos Digital Mining provides about five megawatts of electricity for the activity in a bid to curb Bitcoin’s carbon footprint, ABC News Australia reported on September 16.
Angelo Kondylas, an official from Lumos Digital Mining, stated that the center has the potential to mine at least 100 Bitcoins in a year, but the amount depends on power availability.
He noted that the company might, at some point, draw power from the main grid if there is a need for ramping up production. The company, located in the industrial city of Whyalla, also plans to guide other entities interested in leveraging solar energy to get involved in Bitcoin mining.
“Energy generators may be] spending $10 million because they have to switch off that day because there’s too much on the system. We’re basically like a sponge; we soak up the excess that’s not used,” Kondylas said.
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