BTC mining will save electricity fees for residents of Kenyan villages


The team of the Gridless platform, which supports distributed hydromining of bitcoins, believes that Kenyan villages can reduce energy costs by connecting BTC miners to local mini-networks.

Gridless notes that rural Kenya has significant resources for generating electricity from renewable sources, but local networks do not allow it to be spent efficiently.

"Bitcoin mining provides productive use of excess energy and a minimum price level for autonomous power grids, simplifying planning for network operators. This ultimately increases operational and market efficiency.

Autonomous networks can be operated on a sufficient scale to ensure financial stability in the supply of electricity to settlements.

Rural residents pay for 100 kW, but use only 10 kW, which makes electricity prices very high.

Connecting several bitcoin miners to use excess energy will reduce electricity prices by up to 90%," said Nick Hasen, CEO of bitcoin mining company Luxor Mining.

Earlier, the country's leading energy company KenGen was preparing to attract BTC mining operators, planning to supply miners with excess geothermal energy.

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