Josh Riddett from the UK sells equipment that allows farmers to generate an additional income by using their manure as an energy source.
Josh Riddett, 30, converts cow dung into energy on his farm through a process called anaerobic digestion, in which microbes break down the manure in an airless environment, creating methane, which is burned to power electric generators.
IN @LancasterUni graduate Josh Riddett invented a crypto mining machine that can run on cow dung https://t.co/3U6oeCx7SY
– LancasterPressOffice (@LancasterPress) June 10, 2021
Cryptocurrency mining, especially bitcoin mining, has been criticized for its high electricity consumption and, as a result, its large carbon footprint. The use of renewable energy sources is one solution that can help reduce this problem.
Farmers generating electricity from manure can sell it to the UK national grid for 4 to 7 pence (roughly 6 to 10 cents) per kilowatt hour, but it is more profitable, sometimes up to 10 times more, to power cryptocurrency. equipment sold by the Riddett company.
According to the entrepreneur, with the help of this system, each computer can generate about 42,000 dollars a year.
“This is a profitable business, we have good profits, it is fun and interesting. Controlling a computer is easier than a herd of cattle or sheep, and you don’t have to get up at five in the morning.“Mr. Riddet told the Telegraph,
“I made $ 7.08 million mining cryptocurrency with cow dung“, – said the entrepreneur.