CoinCentral: Bitcoin Mining Firm Is Using Green Energy to Realize Impressive Profits

CoinCentral: Bitcoin Mining Firm Is Using Green Energy to Realize Impressive Profits

Northern Bitcoin, a German-based company has cut bitcoin mining costs to just $2,700 per bitcoin by utilizing green energy from its facility located at The Lefdal Mine in Måløy, Norway.

Right now, the cost of mining cryptocurrencies is a growing headache among most firms and enthusiasts. Steadily rising hash rates have pushed up hardware and energy requirements as mining difficulty increases. Going by current trends, crypto mining institutions are investing heavily in renewable energy sources, as well as innovative technology to reduce costs.  Read more