Home » The Latest Bitcoin News » Hydroelectric Mining in New York Right Around the Corner

Hydroelectric Mining in New York Right Around the Corner

Taking advantage of the low cost renewable energy offered by water, Dpw holdings plans to turn a hydroelectric dam in Valatie Falls, which sits ten miles south of New York state’s capital of Albany, into a dedicated mining operation.  

As reported by Bitcoin.com, the dam will be equipped with the proprietary Superminer Anteater, which feature 10nm ASIC bitcoin mining chips. These units are set to be released to the public September 1.

According to Dpw, “The Superminer line, including the Anteater, is equipped with advanced dynamic frequency and temperature scaling for reliable performance under virtually all conditions…The 10nm mining chip in the Anteater is based on Samsung’s System-on-chip high-performance computing technology which provides the world’s most efficient ASIC cryptocurrency mining design, with the Anteater operating at 17.2TH/s.”

The dam is expected to be in operation by the last quarter of 2018. Addressing the energy consumption and environmental impact of mining cryptocurrencies, this mining operation will utilize arguably the most efficient form of renewable energy, that is, hydroelectrics.

As CEO and Chairman of Super Crypto Mining, a subsidiary wholly owned by Dpw holding, explained, “Our successful repurposing of Valatie Falls dam to provide clean, low-cost, renewable power to Super Crypto’s future co-located mining farm is another important step in our strategy to create an economically viable, self-sustaining cryptocurrency mining business.”