An Irish dairy farmer is utilizing excess energy from his farm to mine Bitcoin, showcasing an innovative solution that benefits both the environment and his bottom line. Tom Campbell runs a farm in County Armagh, Northern Ireland, where he produces renewable energy through anaerobic digestion, a process that breaks down biodegradable materials to create methane gas, which is then used to produce electricity. While Campbell primarily uses the electricity to power his farm, any excess energy that cannot be exported to the grid is used for Bitcoin mining. Mining involves using specialized computers to solve complex mathematical equations, with successful miners receiving BTC as a reward.
Campbell’s farm produces up to 700 kilowatts of electrical output, equivalent to powering nearly 12,000 households, making it a promising solution for reducing greenhouse gas emissions. The Irish government aims to decrease emissions by 25% by 2030, with the agricultural sector responsible for over 35% of these emissions, primarily from cows. With 7.3 million cows in Ireland, managing their waste in an eco-friendly manner is crucial. Anaerobic digestion is a solution that could generate enough electricity for every home in Ireland if 41% of farms adopted the technology, contributing significantly to the country’s emission targets. Campbell’s decision to mine Bitcoin is economically sound, as miners can use excess clean energy when grid demand is low, selling the excess electricity to the grid as renewable, green electricity, while profiting from Bitcoin mining. As renewable energy sources such as anaerobic digestion become more popular, more farmers could turn to Bitcoin mining in the future to make use of their excess energy. To learn more about Campbell’s innovative approach, you can watch his exclusive interview with Cointelegraph.