• 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

Regulatory Scrutiny Heightens for Cryptocurrency Privacy Tools Post-Conviction

chest

Regulatory scrutiny on cryptocurrency privacy tools is expected to increase following the conviction of William Bill Hill, potentially impacting developers and innovation in the sector.

user avatarSatoshi Nakamura

Samourai Wallet Co-Founder Sentenced to Four Years in Federal Prison

chest

William Hill, co-founder of Samourai Wallet, has been sentenced to four years in federal prison for operating an unlicensed money-transmitting business.

user avatarRajesh Kumar

Monero Leads Privacy Coin Rally Amid Market Decline

chest

Monero has emerged as a leading privacy coin, maintaining strong performance during the market downturn.

user avatarLucas Weissmann

Ethereum and Major Altcoins Confirm First DAT Top in Three Months

chest

Ethereum and major altcoins have confirmed their first Daily Average Trader (DAT) top in three months, indicating a potential bearish exhaustion pattern.

user avatarFilippo Romano

Best Wallet Token Surges as Investors Seek Self-Custody Solutions

chest

Best Wallet Token (BEST) is gaining traction as investors seek self-custody tools alongside the new Solana ETFs.

user avatarEmily Carter

Spark Protocol Shifts Focus from Mobile Apps to DeFi Infrastructure

chest

Spark protocol has decided to abandon its mobile app launch to focus on developing DeFi infrastructure.

user avatarTomas Novak

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.