Gridless on using Bitcoin mining to make renewable cheaper for communities in Africa | #DriveTime

Bitcoin mining has long been seen as a form of energy intensive process. According to a Bloomberg report, some studies estimate that the annual energy consumption involved in mining exceeded the amount used by countries such as Belgium. But did you know, one startup called Gridless is taking advantage of this energy intensive process to unlock cheaper and more sustainable sources of energy in Africa? With Bitcoin miners looking to find ways to access energy at lower costs to create new tokens, Gridless is co-locating miners with renewable sources to create a financial incentive for renewable power production in Africa. On Market View, Drive Time’s finance presenter Chua Tian Tian spoke with Erik Hersman, Co-founder and CEO of Gridless on the road ahead for the business. Download the podcast here: Link TBC -- Connect with Us! Facebook: MONEY FM 89.3 Instagram: @moneyfm893 Twitter: @moneyfm903 LinkedIn: MONEY FM 89.3 -- Contact us: MONEY FM 89.3 Headquarters: +65 6319 1900 Live Studio: +65 6691 1893 SMS/WhatsApp MONEY FM 89.3: +65 8855 0893 Mailing Address: SPH Radio Pte Ltd 1000 Toa Payoh North News Centre Singapore, Singapore: 318994