Striking Energy Gold
A New Revenue Opportunity for Power Producers
How energy producers, companies and institutions with power-generation assets can create new revenues from the rising demand for energy in cryptocurrency mining
Mining New Energy Profits
The Next Big Energy Opportunity
When Bitcoins are traded, computers across the globe race to complete a computation that creates a 64-digit hexadecimal number, or “hash”, for that Bitcoin. This hash then goes into a public ledger so anyone can confirm the transaction for that particular Bitcoin took place. The computer that solves the computation first gets a reward of 6.2 bitcoins, or about $250,000 at current prices.
Other cryptocurrencies use similar mining technologies, all of which contribute to the overall energy usage of ‘crypto mining’.
As more and more cryptocurrencies achieve record highs, the crypto markets have raised concerns about the amount of energy needed to mine all those coins. Warehouses of Bitcoin mining rigs around the world, for example, operate 24 hours a day, consuming more electricity than is used to power the entire country of Argentina.
This explosion in the demand for reliable and affordable energy by these crypto-mining operations has opened a new and very lucrative opportunity for companies who have idle energy-producing assets.
The Digiconomist’s Bitcoin Energy Consumption Index estimated that one Bitcoin transaction takes 1,544 kWh to complete, or the equivalent of approximately 53 days of power for the average US household.
Hungry for Electricity
Why is Crypto-Mining so Energy-Intensive?
First, the graphics cards on mining rigs operate 24 hours a day. That may not sound like much, but a computer running a graphics card consumes a heck of a lot more energy than if that computer was just surfing the internet. A mining rig with three GPUs can devour at least 1,000 watts of power when it’s running – that’s the equivalent of running a medium-size window air-conditioning unit.
Next, most crypto mining businesses can have hundreds or even thousands of rigs operating in a single location. For example, one such crypto-mining operation in Kazakhstan is setup to run 50,000 mining rigs.
And then there is the heat. Not only do the mining rigs gobble up power, they also generate quite a lot of heat while they are in operation. The more rigs operation, the hotter the facility gets. So if you don’t want your mining rigs to melt, you need cooling, and a lot of it.
Since mining rigs require a sizeable amount of power, electricity cost is a major factor when crypto-miners determine whether mining can be a profitable venture. This drives those miners to constantly be looking for access to electricity at a low price.
As energy innovators for nearly 30 years, we at Onsite Utility Services have put together an ingenious way for companies, institutions and facilities with under-used or idle energy-generating assets to capitalize on this growing and urgent crypto-mining electricity demand.
We’ve Made it Easy For You
How You Can Participate
Onsite Utility Services Capital has a deep network of cryptocurrency mining operators all across America who are actively and aggressively searching for new and cost-efficient sources of reliable energy to power their mining operations.
If you have any kind of energy-generation resources available, we may be able to quickly and easily help you turn those resources into brand new revenues.
This is ideal for:
- Solar farms
- Wind farms
- Facilities with on-site microgrids
- Buildings with idle generators
- Power plants of all sizes
- Any organization with equipment that can reliably generate electricity
The Future Looks Bright
When you consider only Bitcoin for crypto-mining energy consumption, it is estiminated that Bitcoin’s network alone could use 500+ TWh of electricity annually by 2030. This would be more than all but 8 countries on the planet.
What’s In It For You
Generate Additional Revenues
Earn continuous income from the electricity you generate that’s used by crypto-miners. The more they use, the more you can earn.
Monetize an Idle or Under-used Asset
Don’t let that power-generation equipment collect dust or be under-utilized; turn it into a new profit center that can boost profits.
A Simple and Easy Process
If you’re thinking this sounds complex, don’t worry: We’ve made our Crypto-Mining Energy Program as easy as simply flipping a switch.
To learn more about how you can participate in our Crypto-Mining Energy Program, complete the form below and a member of our expert team will connect with you promptly.