Norway is well known for its high mountain plateaus, abundant natural lakes and steep valleys and fjords; Norway’s topography lends itself perfectly to hydropower development and enjoys 95% renewable energy. In fact, it has the greenest and cleanest electricity in the world using wind power and hydropower.
Bitcoin is a singularity that couldn’t exist without mining companies like Bestsource AS. We are a total solutions company for hosting and crypto-currency mining equipment. Unfortunately there are misconceptions about Bitcoin mining that make it a controversial focus of attention, especially in the use of valuable resources for the generation of electricity. One of the largest concerns is the electricity consumption rate of Bitcoin mining equipment. Green campaigners would be justified at branding the industry as undesirable. However! If we look at the way the electricity is generated, then the negativity is diluted; because Norway enjoys 95% renewable energy that flips the debate.
In theory Renewable energy is exhaustible. In reality the consumption rate is of minimal impact upon current resource levels, that it is viable as an energy source for long-term sustainability. An example: Hydropower is a renewable source of energy. The energy generated through hydropower relies on the water cycle, which is driven by the sun, making it renewable. Hydropower is fuelled by water, making it a clean source of energy.
For many, obtaining Bitcoin through bit mining is achievable. In traditional currency, financial institutions verify transactions, but with crypto currencies; anyone with a computer server can help to validate transactions. These computers solve cryptographic problems, ensuring the legitimacy of ledger entries. The Bitcoin network then rewards those who contribute to this process with Bitcoins.
So it is safe to assume the more computers and servers operated will result in more Bitcoins rewarded. Many miners get their start simply by running one server at home. However, expansion of mining operations will mean investing in a dedicated data center to operate Bitcoin mining servers.
Clean and sustainable energy sources signify the most important strides forward in the preservation of the planet’s resources and protecting future generations from further climate change. However! At this point in time, green and renewable sources still make valuable contributions, and are more practical to implement. We are not yet ready to power all our homes, businesses and hospitals, factories, and so on with wind, hydro or solar energy. But the change in thinking has spotlighted ‘Global Warming’ as a major priority on an international level, which is why Bestsource AS offer hosting services in Norway only as part of its program; to operate Bit mining services within sustainable & ethical practice and location.
Looking for crypto mining products?
BestSource offers hardware and solutions, for blockchain and
artificial intelligence (AI) mining applications.
