A Bitcoin mining project in a remote corner of Malawi, a landlocked country in southeastern Africa, connects more families to the grid while delivering economic empowerment to an impoverished region.
A Bitcoin (BTC) mining project in Malawi has been launched. The project utilizes clean up, unused and excessive water resources. Gridless, the company behind the project, said that "there are 1600 households in the southern mountains of Malawi that are transmitted to this remote small hydropower station"
The project uses 50KW (kW) of idle non-electric energy as a new Bitcoin mine for testing. Erik Hersman, CEO and founder of Gridless, told Coin Telegram that although this is also a new mining project, "the hazard will appear immediately"
"Many years ago, power engineering real estate developers built such power stations, but they were unable to expand to more homes because they were basically unprofitable and were unable to purchase more watt-hour meters to connect more homes. Therefore, our own agreement allowed them to submit orders for more than 200 watt-hour meters to connect a large number of homes."
Bitcoin mining is a nimble customer but lacking in power and energy. They are all 1394 connection solutions for overcapacity energy in the world. In Malawi, miners apply environmental protection hydropower projects.
In Hesman's words:
"The environmental footprint is small because it flows from rivers. Bitcoin mining has not changed this."
This is also the second project of Gridless in sub-Saharan Africa so far. At the end of last year, an Australian mining project connected a remote community with unnecessary hydropower.
Apart from the natural environment, Bitcoin mines have added economic development empowerment and jobs to Malawi. Hesman explained that power load reduction is common in Malawi, but 1600 households using hydropower stations have no power engineering problems:
"I am always shocked to see how effective and valuable the mini-grid map is for the community. It immediately affected the teaching, diagnosis, business services, logistics and capital of the community where they live."
Obi Nwosu, CEO of Fedimint and consultant to the Gridless shareholders' meeting, also told this story. He explained, "The Malawi project is another example that I will have some examples in the next two years."
"As usual, such modest people roll up their sleeves and help talented local technical engineers to do what they are best at. This project has added power to many people and their accounting and economic independence."
In 2023, Bitcoin mining will utilize unused power energy and increase the rights of local communities, which is an increasing trend. From El Salvador's commitment to geothermal bitcoin mining services to balancing power load and providing jobs for local communities in Australia, "the opportunity has come to us," Nwosu explained.
Michael Saylor described Bitcoin mining as "taking Bitcoin as the most ideal high-tech industry in a country that has a lot of green energy but cannot export goods or provide services." This is also an accurate summary of Malawi projects.
Finally, this type of Bitcoin mining project is more similar to a strategic partnership. Hesman concluded: "We cooperate with the power engineering manufacturers, who strive to maintain the electricity cost at an affordable level. His staff also come from the community, and work for all aspects, from safety to line inspector to operation."