Tether and Adecoagro sign a partnership to develop a Bitcoin mining project using renewable energy in Brazil.
The project will utilize surplus electricity from Adecoagro's renewable energy system to mine Bitcoin, aiming for sustainable development and environmentally friendly mining techniques.
MAIN CONTENT
Tether collaborates with Adecoagro to mine Bitcoin using renewable energy in South America.
The project uses the mining management technology developed by Tether, and the source code will be made public.
Tether's sustainable strategy focuses on the synchronized development of energy infrastructure and digital economy.
What is the purpose of Tether's collaboration with Adecoagro?
The Bitcoin mining project using renewable energy is a significant step in Tether's sustainable strategy, connecting energy development and digital assets through collaboration with Adecoagro – a major agricultural energy company in South America.
Adecoagro currently operates 230 megawatts of electricity generation capacity from renewable energy sources in the southern United States. This collaboration aims to utilize surplus electricity to mine Bitcoin, enhancing energy efficiency while promoting environmentally friendly cryptocurrency mining, minimizing carbon impact.
"This project is an expansion in Tether's sustainable mining strategy, facilitating synchronized development of energy infrastructure and the growth of the digital economy."
Jesse Powell, CEO of Tether, 03/07/2024
How does the Bitcoin mining project utilize technology and management?
To optimize operations, both Tether and Adecoagro will implement the mining management system developed by Tether. This is a specialized software platform that supports effective and transparent control of all mining activities.
The source code of this system is expected to be made public in the coming months, contributing to enhanced transparency and customization for other sustainable cryptocurrency mining projects worldwide.
What is the strategic importance and benefits of the project to Adecoagro?
According to the leaders at Adecoagro, Bitcoin has the potential to become a long-term store of value similar to agricultural land assets, aiming to diversify digital asset portfolios in a controlled manner.
The project not only helps the company access the cryptocurrency market but also opens new development avenues using energy resources efficiently while supporting the green transition in the energy and digital finance sectors.
"Bitcoin could become a long-term store of value similar to agricultural land, and this is an opportunity for the company to safely access cryptocurrency assets."
Andres F. Macri, Director of Adecoagro, 03/07/2024
How are the benefits of renewable energy in Bitcoin mining expressed?
Renewable energy helps reduce carbon emissions when mining Bitcoin, balancing the high electricity demand of the cryptocurrency industry with global sustainable development goals.
Using surplus electricity from the renewable energy system can reduce operational costs and create a sustainable competitive advantage as environmental regulations become increasingly strict.
What are the next development steps of the project?
The project will focus on refining the feasibility test of using surplus electricity, implementing mining management technology, and open-sourcing so that the community can contribute and further develop.
The expected open-sourcing in the coming months will also set standards for global cryptocurrency mining projects utilizing clean energy.
Comparison table of the advantages of the Tether – Adecoagro project versus traditional Bitcoin mining
Criteria Tether – Adecoagro Project Traditional Bitcoin Mining Energy Source Renewable, surplus Mostly fossil energy or industrial grid Carbon Emissions Very low, environmentally friendly High, negatively impacting the climate Operational Costs Reduced by utilizing surplus electricity Usually high due to electricity prices and maintenance Management Transparency Open-source mining management technology, transparent Mostly closed systems, non-transparent
Frequently Asked Questions
What is the scale of Tether and Adecoagro's Bitcoin mining project? The project utilizes 230 megawatts of surplus renewable energy in South America to mine Bitcoin, according to Tether's official announcement in July 2024. What are the main benefits of using renewable energy in Bitcoin mining? Renewable energy helps reduce carbon emissions, save costs, and ensure environmental sustainability according to Tether's strategy. How will the mining management technology be developed? Tether is developing a specialized mining management system, the source code will be publicly released in the coming months to enhance transparency and operational efficiency. What role will Bitcoin play in Adecoagro's long-term investment strategy? According to the leadership, Bitcoin could become a long-term store of value similar to agricultural land assets, while also expanding controlled investment opportunities. What does this project mean for the global cryptocurrency industry? This is a typical model for green Bitcoin mining, contributing to the development of environmentally friendly digital assets and sustainable growth.
Source: https://tintucbitcoin.com/tether-hop-tac-adecoagro-khai-thac-bitcoin/
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