A small river in the middle of coffee plantations, sugar cane fields and a forest provides energy to a hydroelectric power plant in Costa Rica that feeds hundreds of computers wired up to the cryptocurrency mining business.
More than 650 machines from 150 customers operate non-stop from eight containers powered by the plant next to the Poas River, 35 kilometers from San Jose, the capital of a country that generates nearly all its energy from green sources.
"I was very skeptical at first, but we saw that this business consumes a lot of energy and we have a surplus." Kooper said international cryptocurrency miners are looking for clean, cheap energy and a stable internet connection, which Costa Rica has plenty of. However, he said Costa Rica's government should be more aggressive about trying to attract more crypto mining business, although he gave no specifics.Costa Rica lacks specific regulation for cryptocurrencies, unlike El Salvador, which became the first country in the world to adopt Bitcoin as legal tender in September 2021.
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