Table of Contents EZ blockchain has recently set up five Bitcoin mines on gas sites In February CoinDesk visited Valstagna, a century-old historic hydropower plant located in the Veneto region of Italy. Nestled in a valley framed by mammoth mountains, Valstagna, which supplied power to the local steel industry, now supplies power to the national grid. It is also one of 18 hydropower plants across northern Italy that have partnered with local tech startup Alps Blockchain to mine bitcoin on site.
The idea here is that mining tilts the economic incentives toward honest behavior by miners. After expending all the effort and cost to mine a block, you might be averse to the risk of losing your potential payout by, say, inserting inaccurate data about the Bitcoin in your account. Is Bitcoin mining profitable? Statistics cookies collect information anonymously. This information helps us to understand how our visitors use our website.