A Costa Rica Hydro Facility Gets A Fresh Lease On Life From Crypto Mining.

One Costa Rican hydroelectric power facility has been converted to support many bitcoin mining companies. The factory on the Poas River, 35 kilometers from San Jose, powers eight containers that feed approximately 650 pieces of equipment from 150 clients. With its abundance of inexpensive, green energy and internet access, Costa Rica might be a perfect location for international bitcoin mining.

The plant is located on the Poas River, approximately 35 kilometers from San Jose, and powers eight containers, which feed over 650 machines from 150 clients. After 30 years of operation, the plant recently shifted to powering mining operations after the government ceased purchasing energy due to an excess supply during the epidemic.

The plant is one of three owned by the hydroelectric corporation, each of which is worth $13.5 million and has a capacity of three megawatts. The family firm, which also owns the Data Center CR farm on 60 acres, spent $500,000 to facilitate hosting digital mining machines.

Rresident Eduardo Kooper said:

“We had to pause activity for nine months, and exactly one year ago, I heard about Bitcoin, blockchain, and digital mining. I was very skeptical at first, but we saw that this business consumes a lot of energy and we have a surplus.”

Costa Rica, according to Kooper, would be a perfect location for international cryptocurrency mining due to its abundance of inexpensive, clean energy and internet access. To that end, he believes the government should do more to entice other crypto mining companies to locate in the Central American country.

Costa Rica may be adopting an example from its neighbor El Salvador, which became the first government in the world to recognize Bitcoin as legal cash last September. While Costa Rica does not yet have such dramatic intentions, the central bank has prioritized creating room for technology innovation in the hopes of enabling the growth of a domestic Fintech industry.

While the government considers how a more comprehensive plan may attract more players, Data Center CR will continue to serve local clients. For example, after starting working from home in 2021, one 31-year-old computer security engineer could roughly reduce the cost of his operations by connecting his computer to the network at the river-powered facility.

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