Sustainable mining project from German startup "terahash" is online!

A few weeks ago, Blocktrainer.de reported on the planned "Project Genesis", a Bitcoin mining project in Finland with which the German start-up terahash focuses on sustainability and efficiency. The company's latest press release now fleshes out the details and underlines the scope of the project.

Since its foundation in December 2022, terahash.energy GmbH has been pursuing the vision of transforming the European Bitcoin mining market through innovative and environmentally friendly approaches. At the heart of this strategy are advanced solutions such as heat recovery and intelligent load management.
^{From the press release}

At the heart of the "Genesis" mining site is a data center with a capacity of one megawatt, which is powered by 100% renewable energy. The integration of an innovative heat recovery system is particularly noteworthy: the waste heat generated during the mining processes is fed into the local district heating network at a temperature level of 70 °C. terahash thus contributes to heating the site. In this way, terahash contributes to heating a Finnish town with a population of 12,000. This concept is a practical response to the often (wrongly) criticized energy consumption and ecological footprint of Bitcoin mining.

The CEO of terahash, Kristian Kläger, emphasizes the importance of the close cooperation with Finnish partners and the Chinese suppliers, which has led to the successful implementation of the project. Genesis demonstrates that sustainable Bitcoin mining in Europe is both possible and economically attractive, Kläger explained. The project relies on customized Whatsminer M63S devices, which are equipped with high energy efficiency and integrated water cooling. With a hashrate of 380 TH/s and a consumption of around 7 kWh per device, terahash is positioned at the upper end of the efficiency scale. The pilot phase of the project has already been crowned with the successful generation of a Bitcoin block.

The numerous trips to Finland and China to coordinate with all those involved have been more than worthwhile. Genesis impressively proves that sustainable Bitcoin mining in Europe is not only possible, but also economically attractive.
^{Kristian Kläger, CEO at terahash}

Fabian Weber, the responsible project manager at terahash , was also very positive about the good cooperation with all parties involved:

We are incredibly proud to have realized a globally unique showcase project with Genesis. This project was only possible thanks to the close cooperation with our Finnish partners, our dedicated local team and a leading manufacturer of mining hardware with heat recovery.
^{Fabian Weber, Project Manager at terahash}

In the future, terahash plans to use the knowledge gained from the Genesis project to implement further sustainable mining initiatives in Europe. The company sees great potential in combining renewable energies and innovative technologies to increase the efficiency and environmental compatibility of Bitcoin mining. However, the coming years will show how factors such as market volatility, energy prices and regulatory frameworks will affect such projects. The industry faces the challenge of balancing sustainability and profitability. If terahash.energy can find this balance, the Genesis project could serve as a model for future mining projects and provide a positive impetus for the European market.