RETHINKING THE WAY WE USE ENERGY TO MINE BITCOIN

Bitcoin, what is it? Bitcoin is a type of digital currency in which a record of transactions is maintained, and the computational solution of mathematical problems generates new units of currency, which operate independently of a central bank. Those mathematical problems are what ASIC Miners solve, and then the owner of the miner is rewarded with Bitcoin. The more computing power, the more Bitcoin acquired.

​

The Chinese market dominated this model until recent Chinese regulations made it illegal. Comparable to the 1849 San Francisco Gold Rush, this has created a worldwide race to capture as much market share as possible, The US, however, has what most other countries do not: a stable energy infrastructure that is required to power the mining facilities. Mining takes energy, A lot of energy.
​
To combat this energy requirement, most mining companies are using coal or non-environmentally friendly power solutions. The existing model has miners purchasing massive amounts of energy from the existing grids through brokers in deregulated states. This model inevitably leaves grids short of energy during peak hours or in the case of natural disasters as recently seen in Texas at the beginning of 2021, can leave homes without the ability to heat or cool. At this rate, the USA will follow China and suck the country dry of energy, potentially forcing regulators to change where or how they get their power.

​

We, at GeoBitmine, can fix this.

GeoBitmine has the SOLUTION! NOW partnered directly with leading Energy Providers GLOBALLY,  we directly bypass the grid while using Renewable Energy Sources. This model will cause a chain reaction, in which, existing energy grids will stabilize and possibly offer additional resources to improve renewable energy and/or infrastructure.

​

Our Bitcoin Mining pod data centers consume a consistent flow of energy. And NOW, for the first time in HISTORY, our data center mining pods, GIVE ENERGY BACK to the grid as population demand increases during peak hours of the day. For the first time in history, this eliminates the need for forecasting, overproduction, or under-production of energy!

 
We, at GeoBitmine, can make it, so no one goes without power ever again, our model allows us to consistently use energy output at total capacity while being 100% profitable for energy producers, but since we can be the source that consumes energy, we are also the source that gives it BACK!
​
We are decentralizing energy.

We have created a way to store energy while being vastly profitable. 

All while removing excessive carbon footprints of unused energy.

We are GeoBitmine