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Valentin Schmid @vxschmid
, 7 tweets, 5 min read Read on Twitter
I recently had the chance to visit one of the most innovative #Bitcoin mining operations in #Norway

Conclusion: Bitcoin mining is necessary, not wasteful, and even superior to the alternatives.

Read everything here and in this thread👇

theepochtimes.com/bitcoin-mining…
So far most #Bitcoin mining is done in #China, with subsidized electricity and coal power, here: A power plant in Xiangshawan Desert in Ordos of Inner Mongolia
. @NorthernBitcoin is one company who goes to where the cheap renewable energy is, in this case #Hydropower in Norway at a plant near Sandane
One of the generators used in this plant is almost 100 years old, made by J.M. Voith AG. in 1920
The hydropower is consumed by the fans on the mining computers, which use more power than the computers themselves
210 of these machines are packed in one container which are stored in an old olivine mine
Cold water from the nearby Fjord is used for heat exchange and the naturally cool temperature in the mine contribute to the perfectly efficient #Bitcoin mining solution.

#Efficient #Exciting #Innovative
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