​​Bitcoin mining touted to reduce Kenyan villages' energy cost | Crypto Shake

​​Bitcoin mining touted to reduce Kenyan villages' energy costs by 90%

Reducing costs by 90%
At the same, Nick Hasen, the CEO of Bitcoin mining firm Luxor Mining noted that incorporating mining into the mini-grids will cut costs by 90%.

“So they’re (villagers) paying for 100 kW but only using 10 kW, which makes their power pricing very expensive. Plugging in a few bitcoin miners to offtake the excess power will effectively reduce their power prices by up to 90%,” Hasen said.

If the model is adopted, it has been viewed to have the ability to distribute the Bitcoin hash rate in Africa, which Gridless pointed out is “woefully underrepresented.”

With most rural areas receiving significant rainfall, Gridless recommends that Bitcoin mining can also drive energy producers to efficiently build additional capacity to make electricity available to broader communities.