Locals near the Clyde Dam in central Otago, New Zealand, have condemned the construction of a new data center by Contact Energy in partnership with Lake Parrym, a UK-based digital infrastructure organization that provides blockchain and cryptocurrency services.

The new construction has created fear among locals that the cryptocurrency’s energy-intensive mining project will have a primary purpose, effectively exporting local renewable energy without benefiting the surrounding community, said Duncan Faulkner, president of the Conservatorship of Lake Dunston. believes of.

contact energy assured Residents say the data center will not be used only for mining. “Lake Parim will use the data center for a diverse range of high-performance computing applications. This can include blockchain and cryptocurrency, but also other decentralized computing activities such as machine learning, economic modeling, and data visualization.”

Murray Dyer, head of Contact Energy subsidiary Simple Energy, said in another bid to reassure concerned residents that the data center will not need to run 24-7 like a traditional data center that prioritizes uptime. “The main issue is we can ramp it up and down so that if that energy is needed for important local businesses and consumers, we can close that data center, and that’s written in the contract,” They said.

Contact Energy revealed that part of the deal to build the new data center includes advancing the construction of a new electrical substation to benefit the local power grid.

Noisy cause of concern for residents

In the past, data centers in New Zealand benefited local companies by using the facilities to store and retrieve large amounts of data. Now, it seems, some local people will also be employed at the facility which will be manned by a small crew of specialized maintenance staff.

Locals have brought to mind the well-known noise issue inherent in most mining facilities, prompting Otago District Council Commissioner Bob Nixon to reassure residents that the district plan will limit noise thresholds by including a noise mitigation wall adjacent to the plant’s Clyde Dam. complies with third largest Hydroelectric dam in New Zealand.

The Norwegian cryptocurrency mining company is raising the flag for sustainable cryptocurrency mining. Mining is the process by which ‘miners’ compete to solve complex mathematical problems to add a new ‘block’ of transactions to a blockchain, a public digital ledger, earning new ‘coins’ in the process .

KryptoVault in Norway has managed to build a facility in Hnsfoss powered by hydroelectric power that contributes heat generated from mining activities to snow-soaked logs dropped by local lumberjacks. The company wants to dry the seaweed through the heat it will generate in the future. CEO Kjetil Hov Petersen says that harnessing the heat generated is no different from the way El Salvador uses geothermal energy for mining, and refutes the statement that bitcoin mining is harmful to the environment. “If you look at the total energy cost globally for anything, it is always going to be huge – I think we can always compare to a small European country. This includes traditional gold mining , which takes more than four times as much energy as mining bitcoin,” said Petersen.

CryptoVault also uses custom-designed noise-proofing to silence the sound of overheating cooling fans needed to keep data center equipment running efficiently.

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source: beincrypto.com

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