• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin and Hydropower: A Spark for Rural Communities

user avatar

by Giorgi Kostiuk

8 months ago


Questions about how rural African communities can harness excess energy often go unanswered. Bitcoin mining might provide a solution to utilize untapped hydropower and boost local economies.

Zengamina’s Dimming Vision Finds a Spark

In the remote Ikelenge district in northwestern Zambia, a small hydropower plant has been generating more electricity than its neighboring villages can use. Built in the early 2010s with charitable funding, it wasn't designed for profit. Much of its electricity went unused, flowing back to the river. By 2022, the project faced challenges until a new partner, Gridless, arrived with an innovative approach.

The new setup at the hydropower plant turned unused electricity into a stream of bitcoins.

Gridless Rigs Offer a Plug-and-Play Fix

Gridless deploys mobile bitcoin mining units in remote locations to harness surplus energy unmet by local communities. In Zambia, this method led to tariff reductions, increased household connections, and spurred small business growth.

The Fine Line Between Boost and Burden

Despite its benefits, emerging issues suggest models like Gridless's could lead to overload. Such scenarios have played out in Kazakhstan and the U.S., where miners' excess activity could exacerbate energy shortages and push prices upward. Gridless claims to avoid these risks, but the crypto market can pivot quickly.

The Gridless model illustrates that under certain conditions, bitcoin mining can act as a temporary financial buffer, activating infrastructure. In Africa, where energy production is accessible but investment is limited, such a model could scale if given controlled and regulated support.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Grayscale Seeks SEC Approval for Chainlink ETF

chest

Grayscale has filed with the SEC to convert its Chainlink Trust into a spot ETF, potentially the first US-listed ETF offering direct exposure to LINK.

user avatarMaria Gutierrez

Grayscale Research Highlights Chainlink's Role in Tokenized Finance

chest

Grayscale Research has published a report titled 'The LINK Between Worlds', identifying Chainlink as the foundational infrastructure layer for the growing tokenized real-world asset sector.

user avatarDavid Robinson

The Secret to Finding Undervalued Industries

chest

Investors are encouraged to shift their focus from individual stocks to entire undervalued industry segments for better investment opportunities.

user avatarJacob Williams

South Korea's FIU to Impose Sanctions on Major Cryptocurrency Exchanges

chest

The Financial Intelligence Unit of South Korea is set to impose sanctions on several cryptocurrency exchanges for violations of AML and KYC regulations.

user avatarAndrew Smith

The Herd Premieres on Netflix

chest

The film 'The Herd' depicts a harrowing kidnapping scenario that escalates into a dark and chaotic narrative.

user avatarSon Min-ho

APT Price Recovers After Support Fakeout

chest

APT, the native token of the Aptos blockchain, experienced a sharp drop below key support but quickly bounced back, raising speculation about a potential price breakout.

user avatarZainab Kamara

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.