The Australian startup will again launch a closed coal-fired power plant for the crypto currency

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<pre>The Australian startup will again launch a closed coal-fired power plant for the crypto currency

In recent months, the topic of crypto currency is among the most “hot”. Millions of those wishing to get rich began to buy it feverishly, or to engage in its reproduction (mining). The latter category is also called “miners”, which account for the bulk of all crypto currency transactions.

The main problem remains the complexity of “mining” of crypto-currency, which requires huge computing power and colossal energy costs, which ultimately makes it almost completely unprofitable.

According to the CNET Internet resource, the Australian company IOT Group together with the electricity supplier Hunter Energy are planning to launch a start-up that will help to reduce the prime cost of mining. To do this, it is planned to re-launch the closed coal-fired Redbank TPP specifically to generate crypto currency. The station should resume work in the first half of 2019.

A spokesman for the IOT Group said that the TPP will be involved only 5% of its nominal capacity, and in the future the energy supply will be completely transferred to renewable energy sources.

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