A Biofarm is simple: we uses the energy produced only by hydroelectric turbines 24 hours a day
The mining farm is built inside the plant itself, and cold water is also used to cool the systems at no cost. One of our future projects is to use heated water for domestic heating systems near the farms.
Biomine mining is therefore 100% eco-friendly, we never use energy from other sources, which in one way or another pollute, but we only use the kW that turbine is able to produce 365 days a year.
Monthly Energy cost per 100kW
Today, every bitcoin transaction requires the same amount of energy used to power nine homes in the United States for a day. And miners must constantly install ever faster computers. Already, the computing power of the bitcoin network is almost 100,000 times larger than the 500 fastest supercomputers in the world combined. The total energy use of this hardware network is enormous: about 31 terawatt hours per year, about as much as Denmark. It can be said that every Bitcoin transaction consumes 250kWh, more than 150 individual countries in the world consume less energy each year. And this thirsty network is currently increasing its energy consumption every day by about 450 gigawatt-hours, roughly the same amount of electricity that the entire country of Haiti uses in a year.
Mining consumes a lot because you need a lot of security, there are probably less desperate systems to transfer or register properties on the network, but none guarantees trustless and secure transferts like Bitcoin’s blockchian, that’s why despite the fact that it’s a difficult job, this is an industrial activity destined to become a new sector of Fintech (or right now) where the cost of energy is a determining parameter.
The Biomine Team and PMP techfactory are made up of technicians and developers with many years of experience
since 2012 we have dedicated our passion to this business and today we can offer a 360 ° design and management service, from initial inspection onsite to remote data management and implementation of mining farms, also making use of the partnerships with the most important Italian companies in the crypto field for mined trading.