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
216
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 Market
Funds can be seized by law enforcers due to links to illegal activity
Apr 26, 2024
Market
Tether Finance division will be responsible for the issuance and redemption of USDT stablecoins
Apr 18, 2024
Trends
The first project introduced on the platform will be BounceBit (BB)
Apr 18, 2024
Business
The rate exchange of the native ACH token reacted with a 10% increase
Apr 18, 2024
Market
Miners are hunting for the first block after halving as the value of the first satoshi could exceed $1 million
Apr 18, 2024
Market
The platform will be non-custodial and accessible to everyone
Apr 15, 2024
Cryptocurrency rates
-
Bitcoin
$62 578
BTC
-3.02%
-
Ethereum
$3 089.99
ETH
-2.03%
-
BNB Smart Chain
$587.67
BSC
-3.97%
-
Ripple
$0.513707
XRP
-1.94%
-
Dogecoin
$0.144109
DOGE
-4.13%
-
Cardano
$0.45151
ADA
-4.09%
-
Bitcoin Cash
$469.54
BCH
-1.14%
-
Polkadot
$6.6
DOT
-4%
-
Litecoin
$86.22
LTC
+2.46%
-
Stellar XLM
$0.112262
XLM
-1.11%