coinfomania.com
Canadian company Bengal Energy has launched the first Bitcoin mining operation in Queensland, Australia. The mining plant, built in the form of a donga, has 66 machines mining the leading crypto asset.
Built to harness energy from the oil-rich state, the mining firm used natural gasses from local wells that could not be sent to the national grid. The energy is then used to power computers, servers, and NBN satellites, which connect the mine to the internet to enable Bitcoin mining. The donga facility mines bitcoin at 13 terahashes per second, producing about 0.005BTC($300) daily.
Exciting Project for Queensland: Mackenzie
Stuart Mackenzie, the Mayor of Queensland and one of the top pioneers of the mine, stated that the donga project was exciting for the northeastern state. He noted that, although it was his first time hearing about cryptocurrency mining, he was blown away by the concept.
“I can’t see why not… why move the gas hundreds of miles to a city or somewhere where they’ve got the computers when you can do all of that here,” Mackenzie asserted.
The mining plant was initially scheduled to start operations last year; however, the wet weather moved the resumption to this year. Bengal Energy teams in Brisbane and Canada monitor the donga mine, providing support when necessary.
Bengal Continues Mining Gospel
Canada-based Bengal said it drew inspiration from a similar plant recently built in the United States. However, the mine in the States used flare gas as its energy source.
US energy company, Giga Energy, speaking about using natural gasses to mine bitcoin, noted,” At first, we gazed with confused looks, and oil producers thought it was the most ridiculous idea thing in the world.” He added that the market is making waves and stated, “There is now a Bitcoin mining section at oil and gas conferences.”
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