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Kenyan energy company entices Bitcoin miners with geothermal power

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Kenya currently has no tracked Bitcoin mining activity, but that could change in the near future if power company KenGen manages to attract miners to soak up its excess geothermal energy.

KenGen is currently running at a maximum generating capacity of 863 MW after installing another geothermal power plant in AprilBy inviting miners to the country, KenGen may be able to accomplish several goals at once. It can increase, which has come under great scrutiny around the globe. Mining consumes 119.5 TerraWatt hours per year, more than the entire country of the Netherlands, according to CBECI. Only 31 countries consume more energy.

It may also drive demand for more development in KenGen’s power grid to increase total supply and reduce cost. Kenya currently has the 12th most expensive electricity in the world where one kilowatt hour costs about $0.22 according toThe high cost of electricity in the country may be due to its electrification rate.

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NewarBrian KenGen claims 86% of its energy is generated from renewable sources, mostly geothermal from pockets of ground source heat in the Great Rift Valley. It has space at its new industrial park in Olkaria, near its flagship geothermal power station, which could be rented to miners.

NewarBrian The best time to buy Bitcoin is when fear & greed index is extreme fear, when all donkeys (small/big whales and fish) are fearful. Watch out 85k in August

Who cares😡

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