Titus's Sustainable Future- Bitcoin Mining

Once the Landfills are operational and producing electricity. Titus's mobile mining pods offer the solution to utilizing the power created, by doing it on site. These pods are mobile mining farms, mining Bitcoin. They contain an appropriately sized amount of mining equipment based on available power that simply plugs into the power source and starts mining. 

Bitcoin mining is the process by which new bitcoin are entered into circulation. Mining is performed using sophisticated hardware that solves an extremely complex computational math problem. Today, Bitcoin mining hardware is almost entirely made up of Application-Specific Integrated Circuit (ASIC). , which in this case, specifically do one thing and one thing only: Mine for bitcoins. Today's miners can produce almost 200 TH/s at only 27.5 joules per terahash.

Currently,  one of the biggest drawbacks of Bitcoin is the vast amount of energy it uses to mine new coins, validate transactions and secure its network.  Bitcoin's hash rate – the measure of all computational power dedicated to mining new coins – stands at 183 exahash (Eh/s.) This means bitcoin miners collectively attempt to crack the target hash of the next new block 183 quintillion times per second.

According to the Cambridge Bitcoin Electricity Consumption Index (CBECI,) this activity consumes approximately 131 TeraWatt hours (TWh) of electricity per year – which is more electricity than the country of Ukraine consumes during the same time period.

Our mining is done by using “stranded” or wasted energy, such as flared or vented gas many landfills are doing now. Here, Bitcoin acts as a recycler and uses otherwise wasted energy to mine new tokens. Let's help our environment by reducing Methane emissions and also turn the narrative on Bitcoin's energy problem.