Australia is re-commissioning the coal-fired power plant for 'blockchain center'
An Australian company has agreed with an energy company in the country to connect a ‘blockchain center’ directly to a coal-fired power station for cheap electricity. For this purpose, the closed coal-fired power plant has to be put back into service.
The agreement is concluded between IOT Group and Hunter Energy, writes The Sydney Morning Herald . The latter wants to switch the coal-fired power plant on again in the first quarter of next year, after it closed its doors in 2014. It is a coal power plant of 150 megawatts. It is expected that the blockchain center will ask about 10 to 20 megawatts.
By connecting the center directly to the power station, this electricity can decrease at wholesale prices and therefore pay about 20 percent less than standard rates. IOT Group hopes to attract mining companies with its center to set up datacenters. They left Australia to a large extent so far because of the high electricity prices in the country.
By connecting the center directly to the power station, this electricity can decrease at wholesale prices and therefore pay about 20 percent less than standard rates. IOT Group hopes to attract mining companies with its center to set up datacenters. They left Australia to a large extent so far because of the high electricity prices in the country.