Tlou Energy starts talks on crypto mining

Testing the waters: Gilby
Testing the waters: Gilby

Tlou Energy, one of the country’s most advanced private developers of energy, has initiated talks towards potentially kick-starting crypto mining. This would be powered by the electricity due to be produced at its leases in central Botswana, BusinessWeek has learnt.

Crypto mining is the process by which new cryptocurrencies such as Bitcoin are created and introduced into the global network. The mining involves the installation of powerful and large networks of computers that compete with others globally to solve complex puzzles that create the cryptocurrency. The 'miners' are remunerated in cryptocurrencies, but the process consumes vast amounts of electricity and several countries have introduced limits or bans to protect their power grids.

This week, Tlou Energy revealed that it is considering the pros and cons of getting into crypto mining.

Editor's Comment
Tighten the law on drug dealers

Our youth are perishing; their once hopeful bright future is going down the drain; all because of illicit drugs.It is very easy to blame the addict, but it is not as simple as that! Drug dealing is a very lucrative business for some shameless people amongst our society and as such they have come up with tight strategies on how to push their business.Drug addiction is bad, and while the individual on drugs sometimes might have been the one who...

Have a Story? Send Us a tip
arrow up