Guatemalan Town Cleans Local Lake Using Bitcoin Miners
Bitcoin use is spreading in Guatemala as mining becomes a popular solution for helping the environment. A Guatemalan circular Bitcoin economy known as “Bitcoin Lake” is leveraging Bitcoin ASICs to clean the nearby Lake Atitlán while generating income for the community. Bitcoin Lake Founder Patrick Melder explained, the “Kaboom” mining project is repurposing used cooking oil to help mine Bitcoin.
Bitcoin Lake shared a video of the project in action earlier this month. Under one tent, the founder kept multiple containers of used cooking oil, a generator, ASICs, and a laptop tracking the hashes being generated. Both the generator and ASICs are old, recycled models, but have found a “second life” thanks to the “nearly free energy” provided by seed oils. The founder hopes to popularize the initiative in neighboring communities as they realize they can feasibly and profitably clean the environment.
Source
@CryptoWorldAnalysis
