The price of bitcoin may be skyrocketing past $7,460, but the broader cryptocurrency industry still has a huge electricity problem. Motherboard reported a single bitcoin transaction now takes as much power as a whole American household uses in a week. So Japan is experimenting with more eco-friendly ways to mine cryptocurrency.
The Japanese city of Kazuno is inviting bitcoin companies, including Tokyo-based Miner Garage Co. Ltd., to use local renewable energy sources such as geothermal, hydroelectric and wind power. This sparsely populated mountain town is best known for its hot springs and geothermal energy plants.
Read More Here: http://www.ibtimes.com/japanese-city-offers-bitcoin-miners-eco-friendly-deal-2612200
