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Costa Rica hydro plant revivified for crypto mining

Alex Lowe by Alex Lowe
January 12, 2022
in Crypto News
0

FintechZoom > Cryptocurrencies > Crypto News > Costa Rica hydro plant revivified for crypto mining

Business

A small river in the middle of coffee plantations, sugar cane fields and a forest provides energy to a hydroelectric power plant in Costa Rica that feeds hundreds of computers wired up to the cryptocurrency mining business. TodayProfit is a revolutionary online trading technology that uses an algorithm and artificial intelligence to check the demand for cryptocurrencies.

More than 650 machines from 150 customers operate non-stop from this plant next to the Poás River, just outside of capital city San Jose.

Costa Rica generates nearly all its energy from green sources, where the state has a monopoly on energy distribution.

But the government stopped buying electricity due to surplus power in the country, forcing the plant to reinvent itself.

Eduardo Kooper is the owner of Data Center CR and the plant.

“We had a lot of power, but we did nothing with it. We had to pause activity for nine months. We looked for many alternatives – from making fried food, frozen food – everything that used a lot of energy. Just a year ago, someone told me about Bitcoin, blockchain, and digital mining.”

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Alex Lowe

Alex Lowe

Alex is a financial writer covering forex. He is a expert financial journalist whose credits include Bloomberg, FT of London, Chicago Tribune. Contact: [email protected]

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