Bitcoin and Hydropower: A Spark for Rural Communities

user avatar

by Giorgi Kostiuk

2 years 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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Amazon Stock Price Predictions for 2027

Major firms predict Amazon stock will reach $350 per share by 2027, driven by AWS growth and AI advancements.

user avatarDavid Robinson

Tether Partners with Shiga to Launch Financial Products in Africa and Gulf

Tether is transitioning its Wallet Development Kit into financial products for users and institutions in Africa and the Gulf, collaborating with Shiga.

user avatarJacob Williams

Soneium and DayOneDream Join Forces to Tokenize Kpop Revenue Streams

Soneium partners with DayOneDream to tokenize Kpop revenue streams using blockchain technology.

user avatarAndrew Smith

Strive Increases Bitcoin Holdings by 1,107 BTC

Strive has significantly increased its Bitcoin holdings by acquiring 1,107 BTC for approximately $945 million.

user avatarZainab Kamara

Verona Launches verUSD Stablecoin for AI Payments

Verona has launched a new dollar stablecoin, verUSD, designed for AI payments and machine transactions, with over $100 million in institutional commitments.

user avatarAyman Ben Youssef

Blockchain.com Plans IPO to Enter US Public Markets

Blockchain.com is reportedly preparing for an initial public offering that could raise around $500 million.

user avatarSon Min-ho

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.