• 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

a year 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

Fable 5 May Return with New Subscription Model

chest

Leaked information suggests that Fable 5 may return with a new weekly usage model in subscription plans.

user avatarGustavo Mendoza

Microsoft Stands Firm on Majorana 2 Quantum Chip Claims

chest

Microsoft defends its Majorana 2 quantum chip claims against criticism from physicist Henry Legg, asserting the stability of signals observed in experiments.

user avatarRajesh Kumar

Researcher Disputes Microsoft's Majorana 2 Quantum Chip Claims

chest

Researcher Henry Legg disputes Microsoft's claims about the Majorana 2 quantum chip, arguing insufficient evidence for a topological qubit.

user avatarMiguel Rodriguez

Synthetix Proposes Basis Vaults for sUSD Stability

chest

Synthetix is considering a shift towards a more structured approach to support sUSD stability through basis vaults.

user avatarLuis Flores

Synthetix Founder Addresses sUSD Management Issues

chest

Kain Warwick, the founder of Synthetix, takes responsibility for the mismanagement of sUSD, highlighting ongoing challenges in maintaining its peg.

user avatarArif Mukhtar

Crypto Markets Under Pressure as Macro Conditions Tighten

chest

The crypto markets are currently facing increased pressure as macroeconomic conditions shift towards a more hawkish stance.

user avatarMaria Gutierrez

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.