Why solar (and clean) energy is the near future of Cryptomining

International climate talks in Paris set an ambitious goal: limiting global warming to 2°C by 2100.

Reaching that goal will require investing an additional $1 trillion per year until 2050 in clean energy and other sustainability projects. But current investment levels are still far below that target level, which was also the overarching concern in very recent UNFCCC Cop23 (“World climate conference”) talks in Bonn. As the public sector is struggling to advance the financing, the pressure on the private sector is increasing as discussions in Bonn showed.

Electricity and heat from coal, oil, and gas account for 25% of the world’s greenhouse gases. Besides being a leading source of harmful CO2 emissions, fossil fuels are finite, nonrenewable resources.

By contrast, renewable energy such as wind and solar power can be continually replenished — and they do not harm the environment.

They also present a strong business opportunity. By 2040 renewables will attract up to 60% of the total investment in global power generation capacity ($11.4 trillion) according to Bloomberg New Energy Finance estimates.

Renewable energy is becoming the preferred way of mining digital currencies like Bitcoin and other Altcoins as prices surge and the industry seeks more computing power or hash power at the best cost of electricity. While traditional fuels like coal remain staples for many utility grids, big miners including Bitmain Technologies Ltd., HIVE Blockchain Technologies Ltd. and Bitfury Group are tapping clean power in places like Canada, Iceland and Paraguay — and luring investors worried about the industry’s carbon footprint.

Now you could do it in Spain, the first place of the World that has globally developed and implemented the renewable solar energy system model as we know it today

Spain has privileged Sun conditions to make the project outstanding in terms of power generation: 2,500 KWh/ m2.

For crypto miners, electricity can make up to 70% of the total costs of operations. So it makes sense that miners will go to the places where electricity cost is cheaper, and renewable energy is getting cheaper than other sources of power.

Solar energy, for instance, now costs a few cents per kilowatt hour, making it competitive with coal and fossil fuels. Iceland, where geothermal and hydroelectric energy are plentiful and inexpensive, has attracted several mining operations. In China, where several hydroelectric facilities have been developed to power cities, (they were never built in the Sichuan province and are now used to mine bitcoins). Spain is known in the photovoltaic market for the “Sun” conditions. As a consequence, let’s go without any doubt!

Cryptosolartech will solve the problem of crypto mining cost by using the greenfield solar facilities of their projects, to provide energy to sustain and run the miner plants at an efficient cost of electricity in the long-term period operation.

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