According to an IT Brief report, Australia could soon see the world’s first solar-powered Bitcoin mining center. The ultra-modern facility is situated in the coal-mining town of Collie, about 200 km south of Perth, and it’s being developed by data center operator DC Two and subsidiary D Coin.
“By providing customized low cost hosting options specifically engineered for cryptocurrency and Bitcoin mining at globally competitive rates, DC Two & D Coin have been able to attract the interest of both the local and international crypto mining community,” the company stated.
The farm, which is expected to start its operations somewhere in early 2019, will draw an expected power supply of up to 4 megawatts. To company went on to further say: “In complete crypto mining configuration, using the initial 4MW power availability, the data center could mine about 650 bitcoins per annum worth around $6 million based on current mining and exchange rates.”
At the current time, the installation is expected to service 256 IT racks, each rack capable of delivering up to 30 kW of IT load.
Australia still at the forefront of the crypto revolution
This is not the first time Australia has made headlines in regards to crypto technology news. Earlier this year, in May, the IoT Group, a Sydney-based blockchain firm, announced a conditional binding agreement with the mining hardware seller Bitfury to commence a large-scale crypto mining operation.
Nevertheless, this move is not only important for Australia but for the world itself, as more and more environmentalists warn about the effects of the exaggerated energy usage usually associated with BTC mining. Projects such as these might bring a bit of stability and hope for a cleaner future.