Cryptocurrencies: How Possible Is Cow Dung Mining

Learn how farmers are now entering the cryptocurrency business and producing millions of dollars with an environmentally friendly mining method

Photo: Photo by Joe Raedle / Getty Images. / Getty Images

A British farmer figured out how to turn his cattle droppings into a source of energy and with the same mining cryptocurrencies, and he is becoming a millionaire.

The process is known as “anaerobic digestion” and consists of the decomposition of manure by microbes, being in an airless space. When this happens, the methane that will fuel electric generators to mine cryptocurrencies.

Josh Riddet, a British from 35 years, he owns a company called “Easy Crypto Hunter” through which he sells all equipment for crypto mining . And so far, the mining business has brought in about $ 7 million.

TO @ LancasterUni graduate, Josh Riddett, has invented a crypto mining machine that can be powered by cow manure https://t.co/3U6oeCx7SY

– LancasterPressOffice (@LancasterPress) June 10, 2021

Riddet began with his fascination for Bitcoin when he was a business student at Lancaster University and his curiosity and interest in the business led him to invent this mining machine, in order to help farmers take advantage of energy “in situ”.

Its creation measures only 70 x 35 x 42 cm, and has designed it to mine coins such as Ravencoin and Ethereum without the need for the energy expenditure that the mining process usually has. regular.

Process that has achieved that both followers of this virtual financial world and non-followers criticize the mining process due to the energy expenditure it implies. Although the issue has many defenders.

Great “influencers” of this particular financial world, recently began to mention the environmental damage that the mining process can cause. For what they have highlighted that it is necessary to be more ecological, in effect, Ethereum promises to reach the 10, 000 dollars by the end of 2021 if it manages to change its transaction and mining methodology for a greener one .

Due to this ecological concern, this Brit has probably been successful in his business. With your mining equipment you can obtain an annual average of 42 thousand dollars each.

Riddet has facilities with up to 40 mining computers running the 24 hours a day, fed by anaerobic digestion. With this type of facilities owned by farmers, they can sell their energy to the national grid for an amount of up to 6 a 10 cents per kilowatt hour . Although the truth is that they make more money with mining itself.

For Josh Riddet, this business is not only profitable for the financial results it obtains, but also amuses you and learns . For the farmer, a computer is easier than a herd of sheep or a herd, said in an interview to a local newspaper.

According to the British farmer, it is important for people to understand that A farmer can also know about technology. In this regard, he mentions the difficulties that rather He now faces as a farmer, so diversifying his knowledge has been a priority, and ensures that the farmers of his generation can talk about cows, pigs and computers, without any problem .