An old hydro-power station in the United States has begun mining BTC to make 3 times as much money as trading the energy. Notably, the plant commenced its operations in the 1800s.
BTC is assisting in growing the profitability of one of the oldest hydro-power stations in the United States, the Mechanicville plant, according to a recent report published by Times Union. Subsequent to decades of court battles, unutilized antique machinery, and a great deal of restorations, the plant is now back at total capacity, and it is using part of that to mine the largest cryptocurrency by market cap, Bitcoin.
Bitcoin Mining With Renewable Energy
Jim Besha Sr., the CEO of Albany Engineering Corp. (the organisation that owns the Mechanicville plant), mentioned,
“We think this is the oldest renewable energy facility in the world that’s still running,” “We can actually make more money with bitcoin than selling the electricity to National Grid.”
“It’s the best (type of bitcoin mining) because we’re using renewable energy. We’re just doing it on the side, experimenting with it. We’re buying used servers.”
Besides, the Mechanicville hydroelectric plant has now been nominated for landmark status in 3 different sorts of engineering, which are civil, electrical, and mechanical. Along with the hydro plant’s listing on the National Register of Historic Places and its mushrooming profitability through BTC mining, that is set to probably keep the plant working for numerous imminent decades.