Mexican company to use solar energy for cryptocurrency mining
Red Girasol, a Mexican company will use solar energy for cryptocurrency mining and also plans to offer credit to its customers. The goal is to help reduce carbon emissions in the country and offer part of the profits from mining to its customers and other businesses.
In an interview with El País newspaper, Red Girasol director Mauricio de Mucha pointed out that this project will take place in the state of Puebla, one of the most powerful in solar energy in the country.
The director adds that the Bitcoin network is a technology and that technologies, by nature, are neutral (with respect to whether or not they care for nature). He maintains that what the Red Girasol team is doing is to make cryptocurrency mining “green” by reducing carbon emissions as much as possible.
Red Girasol founder Mauricio de Mucha stated in an interview about his company’s plans to use its solar energy to create cryptocurrency mining farms.
“Personally, I believe that energy is as fundamental as freedom of speech, because we are all free to choose what we want to spend our energy on. It’s always important to keep it in perspective and environmental projects, and a solar project is good for the environment because it’s not consuming electricity from the grid, which makes bitcoin which of course consumes energy, but consumes it to generate that it’s worth it.”
Mauricio de Mucha, CEO of Red Girasol.
Red Girasol will give credits for venturing into cryptocurrency mining
The founder of Red Girasol mentions that his company has a profile of different clients they usually work with. He adds that they are now working on something they themselves call “solar inclusion,” which consists of giving credit to grocery stores, butchers, and small, medium, and large businesses.
The company plans to offer this credit to their customers so that they can buy their own mining equipment, which Red Girasol will operate for them through a hosting service.
De Mucha adds that this will be an easier way to get outsourced cryptocurrency mining done, without the need to buy and bring the equipment home or to a small space. This would require a ventilation system to extract the heat generated, in addition to the electrical costs that can be saved.
Red Girasol is the first Mexican company that is working on a solar farm for cryptocurrency mining.
Originally published at https://www.reddit.com.