- BTC miners might soon relocate to Kenya.
- The African nation has renewable energy solutions for miners targeting green mining objectives.
- That presents an attractive Bitcoin mining solution.
Bitcoin encounters massive criticism as far as energy consumption is concerned. Nevertheless, the crypto space and miners remained determined to secure energy sources with less carbon footprint since 2022 summer. Kenya is among the countries that want to guide the industry toward this goal. Meanwhile, the nation promises renewable energy to BTC miners.
KenGen Ardors Miners
Africa is yet to host any BTC mining farm. Nevertheless, Kenyan electricity company KenGen seems determined to shift this ‘reality.’ It plans to offer green energy sources for crypto miners. Miners only need to launch their mining facilities at the company’s power plant vicinity to benefit from the energy.
KenGen’s managing director Mwangi Peketsa confirmed the company has the space to ensure stability with close power. Quartz Africa believes Kenya might be the top thermal energy producer in Africa. The nation boasts 863 MW supply capacity, primarily from KenGen. Nevertheless, experts trust that Kenya might boast a 10,000 MW thermal energy capacity.
BTC Mining Energy Usage
At about 2214 kWh, a BTC transaction uses as much power as an average household in America in about 75 days. Moreover, it generates 1234 kg CO2, matching 2,737,036 transfers on the Visa platform. Digiconomist data shows BTC’s energy usage amounts to 204.6 TWh, equaling a nation like Thailand.
Meanwhile, Bitcoin’s green energy share saw a substantial increase in recent years. BCM’s (Bitcoin Mining Council) 2021 Q4 report on crypto electricity consumption shows BTC’s power mix hovers at 58.5%. Moreover, the BMC data confirmed England and Germany as the only nation approaching 50%, their energy mix standing at 43.5% and 48.5%, respectively.
On the other side, the crypto market continued to struggle with bearishness on 7 June 2022. The marketplace sees a bloodbath at this publication, with the global crypto market value losing 5.36% in a day to $1.22 trillion. Also, BTC remains weak beneath the $30,000 crucial level. The bellwether crypto traded near $29,560, losing 5.38% over the past day.
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