Data Center for Crypto Mining in Iceland to Use Renewable Energy Only | Digithereum

Data Center for Crypto Mining in Iceland to Use Renewable Energy Only

The Moonlite Project creates a new data center in Iceland and it plans to use only alternative energy sources for the cryptocurrency mining.

100% of the consumed energy will be produced by hydro, geothermal and wind sources. In addition, the location in Iceland will contribute to the fact that the data center will not need a cooling infrastructure, thanks to the special climatic conditions.

Eric Krige, CEO and founder of the project comments:

“Our teams will be implementing some smart mining tech as well, including A.I. and custom algorithms to assist in miner management, and to ensure that we are focusing on what is profitable at all times.”

The project plans to begin work in August 2018. The target cryptocurrencies for mining will be Bitcoin, Dash, Litecoin and Ethereum. After the opening, the data center will have a capacity of 15 megawatts, and in the future it plans to expand. The new facility is expected to produce cryptocurrencies worth up to $ 8 million monthly.