– A Bitcoin mining project in Malawi is connecting 1600 families to the grid and providing economic empowerment.
– The project exploits 50 kilowatts (kW) of stranded energy to test out as a new Bitcoin mining site.
– The impact of the project was immediate, with the power developer able to buy 200 more meters to connect more families.
Bitcoin mining has become increasingly popular in recent years as a way to generate additional income. It is especially attractive in developing countries, where economic empowerment can be a challenge. One such project is taking place in a remote corner of Malawi, where it is connecting more families to the grid and delivering economic empowerment to an impoverished region.
The project was established by Gridless, a company that is tapping into clean, stranded and excess hydro energy in Malawi. This landlocked country in southeastern Africa is home to 1600 families who are now connected to a remote hydro minigrid in the mountains of southern Malawi. The project is using 50 kilowatts (kW) of stranded energy to test out as a new Bitcoin mining site.
The impact of the project is already being felt. According to Erik Hersman, CEO and co-founder of Gridless, the power developer was able to purchase 200 more meters to connect more families, something they had been unable to do before the project began. This is not only providing families with access to the grid, but also providing them with economic empowerment.
The Bitcoin miners used in the project are flexible but energy-hungry clients, providing a plug-in-and-play solution for sources of excess energy around the world. In Malawi, the miners run off environmentally friendly hydro power, while also helping to reduce the cost of electricity for local residents.
The project is helping to create new opportunities for the people of Malawi, and is a shining example of the power of Bitcoin mining to provide economic empowerment to those who need it most. While the project is still in its early stages, the impact it is having on the lives of the people of Malawi is already clear, and it is hoped that it will continue to grow and bring even more opportunities to the region.