They will grant credits to mine bitcoin with green energy in Mexico

They will grant credits to mine bitcoin with green energy in Mexico

Credits to mine Bitcoin in Mexico, that is the solution that the crowdfunding company RedGirasol found to take advantage of the more than 100 solar panels (61.03 kw) that it has unused. Its plan is to install a mining farm in the city of Puebla, southeast of the country’s capital, to finance the acquisition of ASIC (Application-Specific Integrated Circuit) and to offer hosting and equipment operation services with clean energy.

Mauricio de Mucha, founder of RedGirasol, explained today during a webinar attended by CriptoNoticias, that after a study it was determined that Bitcoin mining is the best alternative to base the future plans of the company. This taking into account that it recently received the definitive endorsement to operate as a financial technology institution under the supervision of the National Banking and Securities Commission and the Bank of Mexico.

Senator Indira Kempis was invited to the virtual meeting, who promotes a regulation of bitcoin that allows greater momentum to be given to the adoption of cryptocurrency in the country.

Kempis applauded RedGirasol’s initiative for offer a sustainable alternative for Bitcoin miningprecisely at a time when the industry has been singled out for its climate impact due to high energy consumption.

Energy consumption will continue to increase in the world, not because of bitcoin, but because of the multiple industries that exist on the planet and the very activity of human beings. In addition, digital mining is increasingly demanding because it requires more powerful equipment that in turn requires more energy and greater investment to acquire. All this makes Bitcoin mining less and less accessible for the majority and that is why we have designed a solution to reverse these elements that are currently working against the development of this sector.

Mauricio de Mucha, founder of the RedGirasol crowdfunding platform.

A new Bitcoin mining farm for Mexico

Although he did not say when it will be launched, Mauricio de Mucha showed the company’s pilot project. This consists of the installation of a small Bitcoin mining farm in the city of Pueblaspecifically in the facilities of the solar energy company Ergosolar.

De Mucha added that This new mining center will work, in its first stage, with 11 Bitmain S19J Pro Antminers. But He did not clarify why they opted for this option or which mining company is advising them. A request for comments sent by CriptoNoticias had not received a response from the RedGirasol team at the time of writing this note.

As this medium published it last December, a study revealed that the Antminers S19J Pro are more sensitive at high temperaturesso much so that its efficiency is limited as the heat increases.

Analysis of these computers determined that the watt consumption of these ASICs increases from left to right, indicating that high temperatures directly correlate with higher energy consumptioneven with constant frequencies and voltages, without that being able to translate into more profits or mining capacity.

In any case, RedGirasol’s plan is that all ASICs you will put into operation remain powered by “green” or clean energysince the farm will operate with more than 160 solar panels.

The Ergosolar facility already has more than 60 solar panels installed and others will be installed that RedGirasol recovered by removing them from businesses and establishments that benefited from a loan, but did not pay on time.

They will grant credits to mine bitcoin with green energy in Mexico
The mining farm that RedGirasol will put into operation in Puebla will have more than 165 solar panels installed that the company has unused. Capture Zoom/Webinar RedSunflower.

As you mention on your website, its platform grants financing to renewable energy and eco-efficiency projects. Until now, it has had the participation of more than 14,000 investors that have allowed the development of 700 seed projects.

These projects have allowed users to save up to 90 percent on their electricity bill, as well as reduce more than 80,000 tons of carbon dioxide, which is equivalent to more than 70,000 trees planted.

Financing: a gateway for Bitcoin mining

Now determined to get into Bitcoin mining, RedGirasol is offering a credit for the acquisition of ASICs for an amount greater than USD 1,000 payable in 5 years.

In addition, it will offer a hosting and operation service for this equipment, although it did not specify the amounts that miners who prefer these options will have to pay. It’s also unclear if or when the hosting service is available to residents of Mexico who already have equipment.

They will grant credits to mine bitcoin with green energy in Mexico
The RedGirasol team believes that their proposal makes clean energy Bitcoin mining more accessible to Mexicans. Capture Zoom/Webinar RedSunflower.

Mauricio de Mucha added that the miners’ operations will not only be powered by clean energy, but also miners will be able to offset their carbon footprint by purchasing bonds. This with the idea of ​​making profitable other environmental projects that previously did not have economic feasibility.

On the other hand, he said that the mined bitcoins will be deposited directly to the addresses of each team owner, but they will not be able to use them to pay their credits, for which they can only use Mexican pesos.

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