Rich Swisher, affirms that there is potential in Peru to convert garbage into energy and use it in Bitcoin mining. In an interview on Twitter from JAN3, a company specializing in Bitcoin, Swisher highlighted that Bitcoin mining in Peru can be very profitable. The purpose of the project is the creation of a circular economy without government influence.
Rich Swisher, the CEO of MOTIV, a non-governmental organization that supports Bitcoin communities in Peru, claims that there is potential in Peru to turn trash into energy for use in Bitcoin mining.
According to Swisher, generating energy from waste is a trend in Latin America. In an interview on Twitter from JAN3, a company specializing in Bitcoin, Swisher highlighted that Bitcoin mining in Peru can be very profitable.
Obtaining energy for Bitcoin Mining in Peru through Waste and Residues
Swisher suggests that using waste to generate electricity and power Bitcoin mining farms is not impossible in Peru. especially since the country has the potential to develop mining activity while protecting the environment.
Swisher said that at MOTIV they see opportunities for the conversion of waste into energy in Peru and that this could reach Lima. The MOTIV CEO argues that the possibility of harnessing garbage as a source of electricity is often overlooked. The idea is not far-fetched considering that garbage is essentially stored energy.
Waste represents a big problem for Peruvian society. Swisher believes that trash can be turned into mining projects, which is profitable for those interested in getting into the power business.
The purpose of the project is the creation of a circular economy without government influence. The process to generate electricity from waste involves incineration. This generates electricity and prevents the emission of methane gas into the atmosphere, which benefits the environment.
Since the production, transmission, and distribution of electricity in Peru are in the hands of various companies, there is the possibility of generating electricity privately using renewable energy sources. This would make it possible to take advantage of the benefits of these sources for Bitcoin mining, especially considering that there is currently no explicit regulation on BTC mining in Peru.
Benefits of a Circular Economy in Peru
The creation of a circular economy based on obtaining energy for Bitcoin mining in Peru through waste would bring a series of significant benefits.
One of the main benefits would be the reduction of pollution and the mitigation of environmental impact. The incineration of waste to generate electrical energy would make it possible to take advantage of an underutilized resource and, at the same time, avoid the release of greenhouse gases and air pollution associated with burning waste.
Furthermore, there could be a constant flow of electrical energy to power Bitcoin mining farms, which in turn would reduce dependence on conventional and expensive energy sources.
By using garbage as a source of energy, a more efficient and self-sufficient system would be created, which could lead to greater stability in power generation and reduce the volatility of electricity prices.
Likewise, this initiative would have a positive economic impact by stimulating the development of the Bitcoin mining industry and promoting job creation. The implementation of infrastructures and technologies necessary to convert waste into energy would require investments and the participation of companies and specialized professionals.
This would create job opportunities in the waste management sector, as well as in the mining and technology industries.
By Audy Castaneda
