hardware wallet cold wallet trezor hardware wallet best hardware wallet cryptosteel capsule best cold wallet ledger hardware wallet m2 pro miner ledger crypto wallet hard wallet crypto cold wallet crypto crypto cold wallet crypto for dummies crypto voucher crypto hardware wallet cryptocurrency for dummies best crypto hardware wallet cryptominer crypto mining crypto ledger coin mining best crypto wallet crypto wallet cryptocurrency wallet best crypto wallet 2021 best wallet for crypto blockchain for dummies the best crypto wallet cryptocurrency investing for dummies best hardware wallet 2021 best crypto to mine online crypto wallet crypto ira paypal crypto wallet bitbox02 cobo vault buy crypto with credit card crypto cloud mining earn crypto while learning best site to buy crypto with credit card free crypto instantly buy crypto with paypal buy crypto cryptotax free cryptocurrency cryptocurrency mining free crypto trading free crypto best coin to invest george floyd coin earn free crypto best multi cryptocurrency wallet best way to buy crypto cryptocurrency trading for beginners free airdrop crypto apps best coin to invest in crypto revolution coinzilla blockfi credit card best apps to buy crypto best place to buy crypto cryptocurrency apps altcoins to buy crypto trading best crypto apps altcoin exchange investing in cryptocurrency best place to buy cryptocurrency best coin to buy now cointracker cryptocurrency for beginners cryptotab mining bitpay card p2p crypto exchange cyber currency trust crypto wallet crypto account crypto websites altcoins to watch earn cryptocurrency best exchange for crypto crypto debit card cryptocurrency trading earn crypto crypto exchange mine crypto on phone best crypto exchange trading bitcoins for beginners crypto free safemoon buy day trading crypto crypto exchange list automated crypto trading td ameritrade crypto crypto for beginners webull crypto bittrex exchange cryptocurrency to invest in cryptocurrency exchange

ADVERTISEMENT

hardware wallet cold wallet trezor hardware wallet best hardware wallet cryptosteel capsule best cold wallet ledger hardware wallet m2 pro miner ledger crypto wallet hard wallet crypto cold wallet crypto crypto cold wallet crypto for dummies crypto voucher crypto hardware wallet cryptocurrency for dummies best crypto hardware wallet cryptominer crypto mining crypto ledger coin mining best crypto wallet crypto wallet cryptocurrency wallet best crypto wallet 2021 best wallet for crypto blockchain for dummies the best crypto wallet cryptocurrency investing for dummies best hardware wallet 2021 best crypto to mine online crypto wallet crypto ira paypal crypto wallet bitbox02 cobo vault buy crypto with credit card crypto cloud mining earn crypto while learning best site to buy crypto with credit card free crypto instantly buy crypto with paypal buy crypto cryptotax free cryptocurrency cryptocurrency mining free crypto trading free crypto best coin to invest george floyd coin earn free crypto best multi cryptocurrency wallet best way to buy crypto cryptocurrency trading for beginners free airdrop crypto apps best coin to invest in crypto revolution coinzilla blockfi credit card best apps to buy crypto best place to buy crypto cryptocurrency apps altcoins to buy crypto trading best crypto apps altcoin exchange investing in cryptocurrency best place to buy cryptocurrency best coin to buy now cointracker cryptocurrency for beginners cryptotab mining bitpay card p2p crypto exchange cyber currency trust crypto wallet crypto account crypto websites altcoins to watch earn cryptocurrency best exchange for crypto crypto debit card cryptocurrency trading earn crypto crypto exchange mine crypto on phone best crypto exchange trading bitcoins for beginners crypto free safemoon buy day trading crypto crypto exchange list automated crypto trading td ameritrade crypto crypto for beginners webull crypto bittrex exchange cryptocurrency to invest in cryptocurrency exchange

ADVERTISEMENT

ADVERTISEMENT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Digital Power Optimization (DPO) company is leading a project to transform cryptocurrency mining into a service for the Colombian industry.

Digital Power Optimization has shared plans to turn Colombia into a crypto mining hub. Therefore, the DPO aims to reach out to the country’s energy producing companies so that they can sell surplus energy or make better use of their power plants.

As reported by Valora Analitik, DPO seeks to create cryptocurrency as a service (Cryptocurrency mining as a serviceCMaaS), thus offering these companies to purchase energy without immediate delivery commitments.

The idea of ​​the DPO is to be able to execute his project through which he intends to use 1 megawatt of energy (1 megawatt) to create a cryptocurrency.

Conversation with heat generators in Colombia

The company assured that it has spoken to the president of the heat generator to share the business idea with them, which means extra revenue without incurring additional costs.

“Energy producers price their energy and they don’t need to reduce the output of assets they have financed and built because of a lack of electricity demand at some point.”

According to the DPO, as a benefit of selling excess energy or underutilized plants, producers will receive prices equal to or higher than the prices they signed in their current contracts.

For digital power optimization, mining, computers, operations, and the resulting free cash flow can be owned and controlled by the owner of the generation asset with a vertically integrated structure.

This reduces any potential regulatory issues while allowing plant owners to retain nearly all potential investment.

crypto mining

According to Alejandro Beltrán, CEO of Buda.com Colombia, these types of initiatives help to dispel the negative environmental image that Bitcoin mining has been “criticized by environmentalists for its impact.” , and added:

“The project is interesting and replicates, to a certain extent, the early stages of mining in Sichuan, China, which was all about capturing the excess supply that a region is producing in terms of energy, including renewable hydropower resources.”

Regulations for cryptocurrency miners in the country

According to auditing service BDO Colombia, taxpayers interested in crypto assets should acknowledge their fiduciary duties, as cryptocurrency miners are also affected by revenue generation.

“Cryptocurrency miners, those who work to create virtual currency through machines or software, are also subject to income generation, as their work earns commissions or compensation that DIAN interprets as in-kind income.”

Disclaimer

All information on our website is published in good faith and for general information purposes only. Any action taken by readers based on the information on our website is entirely at their own risk.

Leave a Comment

Your email address will not be published.

%d bloggers like this: