Man Makes Millions Using ‘Cow Poop’ to Run Cryptocurrency Mining Firm

SourceNewsweek
SectorFinancial Markets
CountryMiddle east

After Tesla CEO Elon Musk vocalized concerns about bitcoin’s links with fossil fuels, an eco-friendly businessman claims to have found a solution using “cow poop.”

A British entrepreneur has developed a cryptocurrency mining machine that runs only on manure in a profitable effort to utilize sustainable energy, according to a report from the BBC.

Josh Riddett, the 30-year-old managing editor at Easy Crypto Hunter in Manchester, England, has reportedly established a system of harvesting energy from the fecal matter of cows in order to mine for cryptocurrency.

In order to harvest cryptocurrencies like bitcoin and Dogecoin, computers must process digital transactions on the existing blockchain. Computing power is required to solve mathematical problems, which can take up to dozens of terawatts annually.

To reduce the amount of nonrenewable energy spent on crypto mining, Riddett has turned to farmers like Philip Hughes to use animal waste for alternative power solutions.

“Years ago, farmers were encouraged to develop green energy solutions, which is one of the reasons...read more...