Costa
Rica Hydro Plant Gets New Lease on Life From Crypto
Mining - 14th January 2022
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SAN
PEDRO DE POAS, Costa Rica, (Reuters) - A small river
in the middle of coffee plantations, sugar cane fields
and a forest provides energy to a hydroelectric power
plant in Costa Rica that feeds hundreds of computers
wired up to the cryptocurrency mining business.
More
than 650 machines from 150 customers operate non-stop
from eight containers powered by the plant next to
the Poas River, 35 kilometers (22 miles) from San
Jose, the capital of a country that generates nearly
all its energy from green sources.
The
plant was forced to reinvent itself after 30 years
because the government stopped buying electricity
during the pandemic due to surplus power supply in
the Central American country, where the state has
a monopoly on energy distribution.
"We
had to pause activity for nine months, and exactly
one year ago I heard about Bitcoin, blockchain and
digital mining," said Eduardo Kooper, president
of the family business that owns the 60-hectare farm
Data Center CR and the plant.
"I
was very skeptical at first, but we saw that this
business consumes a lot of energy and we have a surplus."
The
hydroelectric company, with its three plants valued
at $13.5 million and a three Megawatt capacity, invested
$500,000 to venture into hosting digital mining computers.
Kooper
said international cryptocurrency miners are looking
for clean, cheap energy and a stable internet connection,
which Costa Rica has plenty of. However, he said Costa
Rica's government should be more aggressive about
trying to attract more crypto mining business, although
he gave no specifics.
The
government did not respond to a request for comment.
Costa
Rica lacks specific regulation for cryptocurrencies,
unlike El Salvador, which became the first country
in the world to adopt Bitcoin as legal tender in September
2021. read more
Costa
Rica's central bank said it was providing space for
technological innovation to allow a Fintech industry
to take shape, and was constantly monitoring developments.
So
far all Data Center CR customers are local, such as
Mauricio Rodriguez, a 31-year-old computer security
engineer who entered digital mining to earn extra
money from home in 2021 with equipment valued at $7,000.
"Installing
it in this place is much more profitable than at home,"
at almost half the cost, he calculated, after connecting
his computer to the network at the river-powered plant.
(Reuters)
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Promotions News 'They
should move to any other night, get away from us' - Chris Jericho slams WWE with
a bold statement - 4th September 2020 "They
lost! There's nothing wrong with conceiting defeat and moving to a different night."
Chris Jericho had a lot more to say. There
are rumors about WWE possibly moving NXT to a different night. AEW
Dynamite and NXT have aired on different days for the past few weeks. As expected,
the results have been quite positive for both companies. Both shows have drawn
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offensive when it comes to AEW's ratings victories over WWE, has sent another
bold message to the WWE.
During
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change of day for NXT. Chris
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from the Wednesday Night Wars. The AEW Superstar sent a direct message to his
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WWE had a great program, and their spiteful tactic of going up against AEW was
only hurting NXT's ratings. Chris
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Jericho declared that AEW isn't going anywhere and that Dynamite would continue
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standpoint. 'Le Champion' isn't bothered about NXT breaching the 800k or 900k
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spoke about the importance of the 18-49 demographic. Chris
Jericho said that the WWE lost, and there is nothing wrong for them to conceit
defeat. The former AEW World Champion concluded by proclaiming that no one can
stop All Elite Wrestling. Here's
Chris Jericho's full statement on the rumors of WWE moving to another night and
the ongoing ratings war: "Once
again, it was never a war for me. This is a war that was thrust upon us by a company
that is very petty and very spiteful, and we know the reason why NXT was moved
to Wednesday nights. To mess with us. We get it. We pay attention to what we are
doing. We don't care what they're doing, and we have no interest in it. If you
watch us, you get the ratings, where we beat them week after week. We beat them
in the demos where people think it's jokes. The only thing that matters is the
TV networks and advertisers that listed the 18-49 demo. Look it up. We win every
week. They should retreat. They should move to any other night. Get away from
us! You guys got a great program, and it's good; why would you want to sacrifice
your own ratings just to be spiteful and petty to go head to head with AEW? We're
not going anywhere and put on anything you want - we'll continue to beat you.
It is a retreat, but it's also the right move from a business standpoint. Get
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we worry about ours. If they move to Tuesday, smart move. That way, you guys can
get your 850 thousand, 900 thousand. Whatever! Get 10 million viewers. Congratulations!
Let us do our thing, and we'll get over a million. I think it's a smart move business-wise
on theirs. They lost! There's nothing wrong with conceiting defeat, moving to
a different night, and worrying about your show and not worrying about going head
to head with AEW because you can't stop us." H/t WrestlingInc While
Chris Jericho is just doing his job of putting over AEW, many fans would argue
that both shows airing on different nights would be the right decision as they
can watch both shows. The ratings and viewership figures from the past few weeks
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