Key facts:
The project will be carried out in the state of Puebla, Mexico.
The Mexican solar energy company plans to offer credit to its customers.
Red Sunflower, one fintech Mexican solar energy company is working on its own Bitcoin mining solar farm. The objective is to help reduce carbon emissions in the country, in addition to offering part of its mining profits to its clients and other businesses.
In a interview with the newspaper El País, the director of Red Girasol, Mauricio de Mucha, pointed out that This project will be carried out in the state of Puebla, one of the most powerful in solar energy in the country.
The director adds that the Bitcoin network is a technology and that technologies, by nature, are neutral (regarding whether or not they take care of nature). He maintains that what the Red Girasol team is doing is turn Bitcoin mining “green” by reducing carbon emissions as much as possible.
The businessman affirms that Bitcoin mining consumes a lot of energy, but that in relative global terms it is still not a great energy expense.
“Personally, I believe that energy is as fundamental as free expression, since we are all free to choose what we want to spend our energy on. It is always important to keep it in perspective and in environmental projects, and a solar project is good for the environment because it is not consuming electricity from the network, which makes bitcoin that, of course, consumes energy, but it consumes it to generate worth”.
Mauricio de Mucha, CEO of Red Girasol.
De Mucha believes that using solar energy to mine Bitcoin will help protect the environment from carbon emissions and high electricity consumption, which leads to high costs for the country.
Red Girasol will give credits to venture into Bitcoin mining
The founder of Red Girasol mentions that his company has a profile of different clients with whom they normally work. He adds that they are now working on something they call “solar inclusion”, which consists of give credit to grocery stores, butcher shops and small, medium and large businesses.
The company plans to offer this credit to its clients so that they can purchase their own mining equipment, which Red Girasol will operate for them through a service of hosting.
De Mucha adds that this will be an easier way to be able to mine Bitcoin outsourced, without having to buy and take the equipment to the house or to a small space. For this, a ventilation system would be needed to extract the heat it generates, in addition to the electrical costs that can be saved.
Sunflower Net It is the first Mexican company that is working on a solar farm for Bitcoin mining. The businessman mentions that in Mexico the cryptocurrency mining industry is only at a very early stage.
A month ago, the businessman spoke at a webinar in which CriptoNoticias participated, of a study that determined that Bitcoin mining is the best alternative to base the future plans of the company. He added that the new ASIC equipment they will put into operation will remain powered by their farm of more than 160 solar panels.
In the interview, the director mentions that there are other markets that are much larger than the Mexican one, when it comes to Bitcoin mining. Among them is the one from Texas, whose dominance in the industry was reported by CriptoNoticias.