Two Firms Kick Off Construction of First Solar-Powered Crypto Mining Farm in Australia
D Coin and DC Two, which provide crypto mining hosting services, will use some of the cheap solar power in a coal mining town in Western Australia with the first stage likely to be launched in 2019.
D Coin, an Australian cryptocurrency company, and DC Two, a data center and crypto mining operator, are teaming up to build a solar-powered data center that will be used for cryptocurrency mining and traditional IT activities.
According to a report of the Australian technology news site IT Brief, the two companies signed an agreement with Hadouken Pty, a company that recently got permission to build a 20 MW solar farm in the mining town of Collie, 200 kilometers south of Western Australian city of Perth.
The new data center will have two specific hosting zones – one for D Coin’s crypto mining hosting business and the other one for DC Two’s data center business. The facility will use the cheap onsite solar power provided by Hadouken.
According to some estimates, a complete crypto mining configuration that uses 4MW power availability could mine 650 bitcoins per year, which is approximately A$6 million ($4.45 million).
“By providing customized, low-cost hosting options specifically engineered for cryptocurrency and Bitcoin mining at globally competitive rates, DC Two & D Coin have been able to attract the interest of both the local and international crypto mining community,” DC Two said as quoted by IT Brief.
The first stage of the solar farm and the data center should become operational in early 2019.
In addition to crypto mining hosting services, D Coin offers a crypto trading platform and some other related services. DC Two, on its part, has diversified its data hosting main business, adding a bitcoin miner hosting solution.
The quest of crypto mining hosting companies for cheap electricity continues, but after some popular locations providing cheap power, like Canada’s Quebec and the US state of Washington, enthusiasm started dwindling. At the same time, the Chinese giant Bitmain announced it is building a mining data center in Texas.