Meco Limited, aka Mecobit, has unveiled the world’s first fully solar-powered crypto mining operation. Known as the Ultimate Solar Power System, the prototype for the project was first unveiled in August 2020 at the Hong Kong Technology Bureau.
Meco Limited Looks to the Sun to Mine Crypto
Now, it looks like the mining operation is fully up and running, and it likely couldn’t have come at a better time. Many people out there are extremely worried about all the problems the world is potentially facing due to the ongoing hype surrounding crypto mining. Allegedly, it uses more energy than many developing countries as several reports have discussed in the past, and even head honchos in the crypto space are beginning to fall for this idea.
Elon Musk, for example, is the billionaire entrepreneur behind firms such as electric car company Tesla and SpaceX. In early 2021, Musk shocked the world when he announced bitcoin holders could purchase vehicles with digital assets. The price of BTC shot up to about $57,000 per unit, which at the time was the highest it had ever been, and everyone was excited that bitcoin was now going to reach a whole new level of mainstream use.
However, things were short lived as just a few weeks later, Musk rescinded the decision claiming he was worried about how much energy was being used to mine crypto, and that he couldn’t condone or boost the crypto space unless miners were willing to be more transparent about their energy sources and they could look more to green extraction methods.
Famed investor from the television program Shark Tank” Kevin O’Leary was also quick to chime in on the alleged dangers of crypto mining. He commented that he was not going to buy any more bitcoin mined in China given that the country did not utilize ecologically friendly extraction protocols when getting new units of crypto from the blockchain. Little did he know that just a few months later, China would end its crypto mining industry altogether.
The whole reason for the Ethereum Merge in recent weeks is because Ethereum wants to move from a proof of work (PoW) module to proof of stake (PoS). This will eliminate mining and resort only to staking, which is slated to limit the amount of energy the Ethereum network is currently using.
Protecting the Planet
As you can see, Meco Limited hears the present arguments surrounding crypto mining and is looking to do its part in making the space cleaner and less damaging to Mother Earth. Meco Limited initially came to fruition in the year 2015. Founder B. Franci explained:
We need to disrupt the solar charger business by providing more power at a more reasonable value than was recently thought to be the case.