An Australian company has agreed with an energy company in the country to connect a ‘blockchain center’ directly to a coal-fired power station for cheap electricity. For this purpose, the closed coal-fired power plant has to be put back into service.
By connecting the center directly to the power station, this electricity can decrease at wholesale prices and therefore pay about 20 percent less than standard rates. IOT Group hopes to attract mining companies with its center to set up datacenters. They left Australia to a large extent so far because of the high electricity prices in the country.