The largest mining company in the United States, Marathon, has launched a pilot project to mine Bitcoin on renewable energy using methane from landfills, writes RBC Crypto with reference to CoinDesk.
The company says the pilot is part of a larger initiative to explore the possibility of using methane from landfills and converting it into electricity to mine cryptocurrency.
Marathon has partnered with Nodal Power, which specializes in renewable energy. If the pilot project meets expectations, Marathon plans to expand its activities in this direction.
Marathon Digital is one of the largest publicly traded mining companies in the United States. It has tens of thousands of cryptocurrency mining devices on “farms” in North Dakota, Ohio and Texas. By assessment BitcoinTreasuries, the company ranks second after MicroStrategy in the number of bitcoins owned.
Methane is a greenhouse gas that is formed as a result of the decomposition of organic matter. It traps heat 25 times more powerfully than carbon dioxide. Methane emissions into the surrounding atmosphere are 80 times more harmful than carbon dioxide, according to United Nations Environment Program (UNEP).
In a recent report, audit firm KPMG expressed speculation that the amount of methane burned in the US and Canada could potentially power the entire Bitcoin network.
Source: Cryptocurrency
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