Tue, 25 Mar 2025

Tue, 25 Mar 2025 Bitcoin in the bush - the crypto mine in remote Zambia

Bitcoin miners will go to remote locations to take advantage of cheap electricity.
In Zambia, near the border with the Democratic Republic of Congo, a unique phenomenon has emerged: a bitcoin mine located in a remote area surrounded by lush vegetation and the roar of the Zambezi River. The mine is powered by a hydro-electric power plant that harnesses the energy of the river to generate clean electricity. The power plant, which was built with charity donations, had struggled to make ends meet due to slow take-up from the local community. However, when the bitcoin mining company Gridless set up shop there, it became a game-changer for the business. The mine now accounts for 30% of the plant's revenue, allowing them to keep prices down for the local town. Gridless, which has six sites in three African countries, plans to expand its operations by building its own hydro-plants from scratch. The company aims to bring electricity to rural areas and fund conservation projects while generating profits through bitcoin mining. However, the industry faces challenges, including resistance from authorities who view bitcoin as an energy-greedy and selfish use of electricity that might otherwise be used by rural people. Additionally, there are concerns about the environmental impact of bitcoin mining, which is estimated to use as much energy as a small country like Poland. Despite these challenges, Gridless remains optimistic, citing a shift towards more sustainable energy mixes in the industry. The company believes that ensuring long-term economic viability for developers and investors can only be done through bitcoin.
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