VGRID Energy Systems Finds Solution To Make Bitcoin Mining Green | New

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CAMARILLO, Calif., July 12, 2021 / PRNewswire / – VGRID Energy today announced the selection of its 100kW VGRID portable bioserver and how it is making Bitcoin mining a greener process. VGRID Energy Systems offers a negative carbon solution, removes dead trees or agricultural waste, and provides renewable electricity for Bitcoin mining.

“Crypto mining consumes high levels of electricity and if fossil fuels are used to generate electricity, this results in high levels of greenhouse gas emissions,” said Greg Campbell, CEO of VGRID Energy Systems. “The 100 kW VGRID bioserver provides a solution that allows mining technologies to operate and decarbonize the atmosphere at the same time. “

VGRID Bioservers has come up with the solution to convert dead trees from beetles to fuel Bitcoin mining. In nature, plants capture CO2, but it is released once the plants die. Plants can capture 20 times more carbon than the use of fossil fuels emits, if they are not allowed to decompose or burn openly. Climate change has led to the bark beetle infestation in our western forests, which now have millions of acres of dead trees. These are fire hazards and forest fires have also accelerated due to climate change. For every 1000 acres of pine killed by the beetle, we can expect a CO2 release of 20,000 to 25,000 MT of CO2 when burned. If these dead trees are converted into electricity, not only is the risk of fire reduced, preventing the emission of CO2, but this amount of biomass will generate 30,000 MWh of electricity. This amount of energy is enough to power 1,000 crypto-mining computers for a full calendar year.

In 2020, there were 58,950 wildfires compared to 50,477 in 2019, according to the National Interagency FireCenter. About 10.1 million acres were burned in 2020, up from 4.7 million acres in 2019. The importance of raising awareness for Bitcoin to go green is crucial. Bitcoin mining will benefit from these bioservers as it will create sustainable energy, having an incredible impact on long-term biocarbon sequestration and lowering atmospheric CO2.

About VGRID Energy Systems

VGRID Energy Systems, Inc. is focused on innovating new solutions in the field of renewable energy. The company begins providing breakthrough technology to farmers in Central California’s Valley to reduce their crippling irrigation water bills and to help rebuild their agricultural soil for long-term sustainability. The company is engaged in research and development, manufacturing prototypes of electronics and complex electromechanical systems with continuous testing and refinement. VGRID has approximately 60,000 square feet of laboratories, machine shops, manufacturing facilities, and testing facilities in Camarillo, California. For more information, please visit https://vgridenergy.com/ or email [email protected]

Contacts: Ariana Richard The GCMG agency

818.667.6051 [email protected]

Sydney Nassiri The GCMG agency

805.796.1602 [email protected]

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SOURCE VGRID Energy systems

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