Hydroelectric Dam in New York Repurposed as Crypto Mining Farm
A hydroelectric dam in eastern New York State is being converted into a dedicated crypto mining farm, taking advantage of low-cost, renewable energy, according to Dpw Holdings whose subsidiary is building the mining farm. Anteater miners, equipped with ASIC bitcoin mining chips developed by Samsung and Innosilicon, will be used on the site, the company announced.
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
A hydroelectric dam roughly ten miles south of New York’s capital city, Albany, is being converted into a dedicated cryptocurrency mining farm, Dpw Holdings Inc. announced on Thursday.
The 1-megawatt Valatie Falls dam was built in 1983 and purchased in March by Valatie Falls Hydro LLC, using debt financing provided by Dpw subsidiary Digital Power Lending.
In June, Dpw announced that Coolisys launched a line of crypto mining units, the Superminer line. Its first miner model, the Anteater, features 10nm ASIC bitcoin mining chips jointly developed by Samsung and Innosilicon. The new mining rigs are scheduled to go on sale to the public starting on September 1.
Amos Kohn, Chairman and CEO of Coolisys Technologies, said:
What do you think of this dam in New York repurposed as a crypto mining farm? Let us know in the comments section below.
Images courtesy of Shutterstock, Coolisys Technologies, Super Crypto Mining, and Dwp Holdings.
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source: https://news.bitcoin.com/hydroelectric-dam-new-york-crypto-mining-farm/
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