"Crypto-mining consumes high levels of electricity and if fossil fuels are used to generate the electricity that leads to high levels of greenhouse gas emissions," said Greg Campbell, CEO of VGRID Energy Systems. "The 100kW VGRID Bioserver provides a solution, which allows mining technologies to operate and decarbonize the atmosphere at the same time."
VGRID Bioservers has come up with the solution to convert dead beetle kill trees to power Bitcoin mining. In nature, plants capture CO2, but it is released once plants die. Plants can capture 20 times as much carbon as fossil fuel use emits, if they are not allowed to openly decompose or burn. Climate change has led to the infestation of the bark beetle in our western forests, which now have millions of acres of dead trees. These are fire hazards and forest fires have also accelerated due to climate change. For 1,000 acres of beetle-killed pine, one can expect a CO2 release of 20,000-25,000 MT of CO2 when burned. If these dead trees are converted to electricity, not only is the fire hazard reduced, preventing the CO2 emission, but this amount of biomass will generate 30,000 MWh of electricity. This amount of power is enough to fuel 1,000 crypto-mining computers for a full calendar year.
In 2020, there were 58,950 wildfires compared with 50,477 in 2019, according to the National Interagency Fire Center. About 10.1 million acres were burned in 2020, compared with 4.7 million acres in 2019. The importance of generating awareness to make Bitcoin go green is crucial. Bitcoin mining will benefit from these Bioservers because it will create sustainable energy, making an incredible impact on sequestering biocarbon long-term and lowering the atmospheric CO2.
SOURCE VGRID Energy Systems
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