• 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

Clarity Act Progress and Ripple's Strategic Positioning

chest

The proposed Clarity Act aims to provide clearer legal classifications for digital assets, which could benefit Ripple's ecosystem.

user avatarEmily Carter

Current Stage of Bitcoin Bear Market and Future Predictions

chest

Doctor Profit indicates that Bitcoin is currently in Stage 4 of the bear market, predicting further declines.

user avatarTomas Novak

Uber Launches New Services for Autonomous Vehicle Developers

chest

Uber launches Uber Autonomous Solutions to assist autonomous vehicle developers in connecting to its ride-hailing network, aiming to compete with Tesla in the robotaxi market.

user avatarKaterina Papadopoulou

XRP Faces Significant Correction Amid Market Panic

chest

XRP has plunged 69% from its recent high, causing widespread panic in the market, but analysts suggest this could be a setup for a major turnaround.

user avatarMaya Lundqvist

Conflicting Signals in Bitcoin Market: No Real Rally in Sight

chest

Recent analysis by data analyst CW indicates that key on-chain signals for Bitcoin show no genuine rally has begun, despite short-lived increases driven by speculation.

user avatarLeo van der Veen

XRP Price Approaches Potential Bottom Amid Major Capitulation Event

chest

XRP has recorded its largest realized loss spike since 2022, indicating a potential price bottom and recovery.

user avatarLi Weicheng

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.