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Japanese City Attracts Cryptocurrency Miners with Abundant Renewable Energy

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The government of a Japanese city known for its renewable energy and low temperature in the wintertime is attracting cryptocurrency miners to use its clean electricity. One company has already announced that it will open "the first clean energy-based Japanese mining center" in the city to mine 10 cryptocurrencies including bitcoin.

Also read: Japan's Internet Giant GMO Launching Bitcoin Mining with 7nm Chips

Japanese City Attracting Miners

Japanese City Attracts Cryptocurrency Miners with Abundant Renewable Energy

Map of Akita Prefecture.

The Japanese city of Kazuno is trying to attract companies to use its renewable energy. Located in Akita Prefecture, a mountainous northern prefecture on Japan's main island, the city has a population of approximately 32,000.

Kazuno City also has a humid continental climate with heavy snowfall in winter. "The average yearly temperature of Kazuno City is low, probably contributing to improving the heat exhausting/cooling effects to deal with the heat generated by computers for mining," Japan Today reported on Monday, adding that:

The government of Kazuno City has been inviting companies that run businesses by using renewable, energy-derived, clean electricity. The city has an abundance of renewable energy including geothermal, hydroelectric and wind powers, and its self-sufficiency rate of electricity exceeds 300%.

Mining Center Launching in Kazuno City

The Tokyo-based Miner Garage Co., Ltd., which runs a business of mining digital currencies such as bitcoin, recently announced that it has been certified and invited to operate in Kazuno City.

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