Cryptocurrencies and the meteoric rise of Bitcoin, Dogecoin seems to have been soured by recent concerns about the massive energy needed for their mining. But a family of generational farmers in the UK has come up with a casual solution to the intricate, global problem. It’s the method they have adopted to mine the digital assets that is grabbing headlines, which uses a simple source of energy that the world has in abundance — “cow muck”. Yes, you heard that right! The Philip Hughes family is using powerful computers run on renewable energy generated from cow muck to mine virtual currencies.
Mining cryptocurrencies comes at a huge expense. It requires an insane amount of electricity and causes irreparable damage to the environment, a fact about which Tesla and SpaceX CEO Elon Musk, too, had expressed concerns while announcing that Tesla would no longer accept Bitcoins as payment. The issue of carbon footprint has been one of the cryptocurrency market’s biggest dampeners.
The Bury UK-based family hopes to change this situation through its renewable energy business…