In brief
In a remote corner of Zambia, a bitcoin mine powered by hydroelectricity is not only generating cryptocurrency but also vitalizing local services and infrastructure.
In the rugged landscapes of north-western Zambia, the sound of cascading waters mingles with the hum of bitcoin mining computers. Located near the Zambezi River, this bitcoin mine, operated by Kenya-based Gridless, taps into renewable hydro-electric power, providing a unique blend of nature and technology. With costs significantly lowered due to the abundant energy, miners here can generate about $5 a day per machine thanks to the proximity of the Zengamina hydro-power plant.This plant, originally built to support the local community, is undergoing a transformation as its partnership with Gridless allows it to utilize its excess energy for cryptocurrency mining. The mine accounts for about 30% of the plant’s revenue, helping stabilize energy prices for local residents.Many in the nearby town, once known mostly for its isolation, are unaware of the cryptocurrency buzz. However, they are benefiting greatly. Local business owners, like Damian the barber, have witnessed life-changing impacts from newfound electricity. The ability to power his shop has not only increased his income but also boosted community interactions through access to entertainment and communication.As the Zengamina plant aims to expand, focusing on connecting to the national grid, the future of bitcoin mining there may change. The excess energy now generated might soon be redirected back to the community, offering a sustainable energy model. Gridless remains optimistic, planning to establish more hydro-power plants across Africa to blend bitcoin mining with local development. While some authorities criticize the energy consumption of bitcoin mining, proponents highlight its potential to enhance renewable energy access for underserved communities. Overall, the synergy between a high-tech bitcoin mine and a traditional energy provider is a pioneering move towards a sustainable and economically viable future in renewable energy and cryptocurrency.
