Mining helped restart a hydro power plant in Costa Rica
The investments in the construction of a new farm led to the restart of the halted enterprise
13.01.2022 - 07:15
300
1 min
0
What’s new? Reuters reports that the launch of cryptocurrency mining at a small hydroelectric power plant in Costa Rica has enabled it to restart operations and generated revenue after several months of downtime.
News source on the Reuters website
How was the new farm created? According to Eduardo Cooper, the HPP owner, the idea to start a cryptocurrency mining farm came to him after the government stopped buying electricity at previous volumes due to the pandemic. After nine months of downtime, Cooper decided to divert the surplus of produced electricity to the mining.
As a result, the new data center placed 650 miners and the total investment in the project exceeded $500 000. Cooper's company now serves about 150 customers, most of whom are local entrepreneurs.
Useful material?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$97 761
BTC
-1.61%
-
Ethereum
$3 413.26
ETH
+2.83%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.45
XRP
-0.65%
-
Dogecoin
$0.42568
DOGE
+3.18%
-
Cardano
$1.04
ADA
+7.08%
-
Stellar XLM
$0.506141
XLM
+67.15%
-
Polkadot
$8.49
DOT
+34.65%
-
Bitcoin Cash
$507.12
BCH
+3.62%
-
Litecoin
$98.26
LTC
+8.47%