Crypto: now powered by bull

For a very long time, FT Alphaville has warned our readers that almost all of the crypto area is filled with bull.

But little did we all know that it might get to the purpose that literal cow excrement would grow to be a key promoting level for miners of the cash.

From our inboxes this morning:

A crypto mining enterprise which runs its computer systems off cow manure has taken £5million in gross sales bookings thus far this 12 months.

Bury-based Easy Crypto Hunter says enquiries have surged after Elon Musk attacked Bitcoin mining for guzzling vitality created by dangerous fossil fuels.

Mining Bitcoin normally requires a super-powerful, energy-intensive pc, and most mining is completed in China the place vitality prices are far cheaper than right here within the UK.

But Josh Riddett’s mining machines — measuring 70cm x 35cm x 40cm — are designed to mine different digital currencies like Ravencoin and Ethereum and use far much less vitality.

Mr Riddett’s mining gear “is powered utilizing Anaerobic Digestion (AD) machines which flip animal waste into renewable vitality”. The course of works by changing the dung into biogas, according to the EPA.

And right here’s Riddett with one of many suppliers of the pungent, renewable vitality supply:

It’s truthful to say that the crypto-space is doing all it could to mooo-ve on from its repute as an environmental destroyer.

Better puns welcome within the feedback.

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About the Author: Daniel