Bitcoin Mining is an essential activity to keep the Blockchain alive. Every 10 minutes a block is mined and up to 2000 transactions are bundled and stored in the blockchain forever and immutable. Once the block propagates through the network all participants (nodes) are informed of the transactions within milli-seconds. This constitutes the open ledger of Bitcoin. The miner which found the secret number (called “nonce”) to encrypt the block is rewarded with the block reward (as of May 2024 this is 3.125 BTC) and all the transaction fees.
In order to participate in Bitcoin mining you need specialised computers which contain a special chip which can do the hashing operation very efficiently (so-called ASIC=Application Specific Integrated Circuit). In order to successfully encrypt a block many hundreds of computers are connected together in Mining pools. The Mining pool which creates the block first then distributes the rewards among all the participating mining computers.
Contrary to most beliefs Bitcoin mining has many positive effects as long as it’s performed with renewable energy resources. Bitcoin miners are decentralised energy consumers and can take advantage of renewable energy in remote locations. In this role they strengthen the energy grid as a whole and can use the excess energy provided by solar and wind during certain periods of the day. Since Bitcoin miners can be turned on and off very easily and without drawbacks, they constitute a perfect addition to the energy grid and can stabilise it.
Alpine Crypto Computing works together with partners in countries were cheap and sustainable energy is available to power our mining computers. For our customers we plan and purchase the most-efficient hardware, organise the logistics to the datacenter and oversee the operations of the miners. You as a customer name the amount of capital investment and your preferred location. The mined Bitcoin will be transferred directly into your wallet without any intermediary. The miners remain your property until you decide to retire or relocalize them.
If your interested in mining your own Bitcoin, Alpine Crypto Computing will provide you with a transparent cost estimate for the chosen location. Capital investment start as low as 30k USD.
Location: Finnland
Finland has a large potential for district heating (German: Fernwärme) with Bitcoin. The infrastructure is well in place and the natural gas furnaces are being slowly replaced by Bitcoin data-centers. We have very good connections to the local energy providers and can offer very competitive rates and a safe investment.
Location: Alberta, Canada
The energy source is hydropower or stranded gas. Stranded gas is a byproduct of the oil industry and can be collected by Bitcoin mining operation and converted to electricity at a low cost. This happens in remote regions of the country were there are no other consumers for the electricity and prevents the gas from having to be flared off (which is the current practice).
Location: Ethiopia
Ethiopia has one of the largest hydropower capacity in Africa and the population is not very dense. The Grand Renaissance project will eventually provide 6.4 GW. Today much of this hydropower remains unused and can be used for Bitcoin mining. Energy rates are very favorable and the government supports the operation of Bitcoin mining.
