{"id":44761,"date":"2022-01-11T15:48:53","date_gmt":"2022-01-11T15:48:53","guid":{"rendered":"https:\/\/packetstormsecurity.com\/news\/view\/32986\/Costa-Rica-Hydro-Plant-Gets-New-Lease-On-Life-From-Crypto-Mining.html"},"modified":"2022-01-11T15:48:53","modified_gmt":"2022-01-11T15:48:53","slug":"costa-rica-hydro-plant-gets-new-lease-on-life-from-crypto-mining","status":"publish","type":"post","link":"https:\/\/www.threatshub.org\/blog\/costa-rica-hydro-plant-gets-new-lease-on-life-from-crypto-mining\/","title":{"rendered":"Costa Rica Hydro Plant Gets New Lease On Life From Crypto Mining"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/www.reuters.com\/resizer\/2We37PgFt3s6jLuSDHDX9xpXAqQ=\/1200x628\/smart\/filters:quality(80)\/cloudfront-us-east-2.images.arcpublishing.com\/reuters\/FGEWENSLJFLAHH2JUYVBYHS3YU.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<div readability=\"37\">\n<p id=\"primary-image-caption\" data-testid=\"primary-image-caption\" class=\"Text__text___3eVx1j Text__medium-grey____X3zmS Text__regular___Bh17t- Text__small___MoVgdT Body__base___25kqPt Body__caption___1g8_ry ArticleBody__primary-image-caption___3Fo7MW\">A Bitcoin (BTC) logo is displayed on a crypto currency ATM machine in a shop in Weehawken, New Jersey, U.S., May 19, 2021. REUTERS\/Mike Segar<\/p>\n<div class=\"RegistrationPrompt__container___1zFX4Y column ArticleBody__aside-registration-prompt___2LXk34\">\n<div class=\"RegistrationPrompt__text-content___2uMAHH\">\n<h6 class=\"Text__text___3eVx1j Text__white___2ncio9 Text__medium___1ocDap Text__heading_6___m3CqfX Heading__base___1dDlXY Heading__heading_6___1ON736 RegistrationPrompt__heading___wc_GPj\">Register now for FREE unlimited access to Reuters.com<\/h6>\n<p><button class=\"Button__button___3FFWBE Button__secondary___jc-Lu5 Button__round___1BK77J RegistrationPrompt__button-text___3ZNlNC\" type=\"button\"><\/p>\n<p><span class=\"Text__text___3eVx1j Text__inherit-color___30vgWE Text__bold___2wRTrQ Text__default___1Xh7Yh TextButton__medium___1vp1Wy\">Register<\/span><\/p>\n<p><\/button><\/div>\n<\/div>\n<\/div>\n<div readability=\"101.20326128176\">\n<p data-testid=\"paragraph-0\" class=\"Text__text___3eVx1j Text__dark-grey___AS2I_p Text__regular___Bh17t- Text__large___1i0u1F Body__base___25kqPt Body__large_body___3g04wK ArticleBody__element___3UrnEs\">SAN PEDRO DE POAS, Costa Rica, Jan 11 (Reuters) &#8211; A small river in the middle of coffee plantations, sugar cane fields and a forest provides energy to a hydroelectric power plant in Costa Rica that feeds hundreds of computers wired up to the cryptocurrency mining business.<\/p>\n<p data-testid=\"paragraph-1\" class=\"Text__text___3eVx1j Text__dark-grey___AS2I_p Text__regular___Bh17t- Text__large___1i0u1F Body__base___25kqPt Body__large_body___3g04wK ArticleBody__element___3UrnEs\">More than 650 machines from 150 customers operate non-stop from eight containers powered by the plant next to the Poas River, 35 kilometers (22 miles) from San Jose, the capital of a country that generates nearly all its energy from green sources.<\/p>\n<p data-testid=\"paragraph-2\" class=\"Text__text___3eVx1j Text__dark-grey___AS2I_p Text__regular___Bh17t- Text__large___1i0u1F Body__base___25kqPt Body__large_body___3g04wK ArticleBody__element___3UrnEs\">The plant was forced to reinvent itself after 30 years because the government stopped buying electricity during the pandemic due to surplus power supply in the Central American country, where the state has a monopoly on energy distribution.<\/p>\n<div class=\"RegistrationPrompt__container___1zFX4Y RegistrationPrompt__inline___1dXxON ArticleBody__mobile-only___2w_rXL\">\n<div class=\"RegistrationPrompt__text-content___2uMAHH\">\n<h5 class=\"Text__text___3eVx1j Text__white___2ncio9 Text__medium___1ocDap Text__heading_5___3obGkm Heading__base___1dDlXY Heading__heading_5___3VJIV0 RegistrationPrompt__heading___wc_GPj\">Register now for FREE unlimited access to Reuters.com<\/h5>\n<p><button class=\"Button__button___3FFWBE Button__secondary___jc-Lu5 Button__round___1BK77J RegistrationPrompt__button-text___3ZNlNC\" type=\"button\"><\/p>\n<p><span class=\"Text__text___3eVx1j Text__inherit-color___30vgWE Text__bold___2wRTrQ Text__default___1Xh7Yh TextButton__medium___1vp1Wy\">Register<\/span><\/p>\n<p><\/button><\/div>\n<\/div>\n<p data-testid=\"paragraph-3\" class=\"Text__text___3eVx1j Text__dark-grey___AS2I_p Text__regular___Bh17t- Text__large___1i0u1F Body__base___25kqPt Body__large_body___3g04wK ArticleBody__element___3UrnEs\">&#8220;We had to pause activity for nine months, and exactly one year ago I heard about Bitcoin, blockchain and digital mining,&#8221; said Eduardo Kooper, president of the family business that owns the 60-hectare farm Data Center CR and the plant.<\/p>\n<p data-testid=\"paragraph-4\" class=\"Text__text___3eVx1j Text__dark-grey___AS2I_p Text__regular___Bh17t- Text__large___1i0u1F Body__base___25kqPt Body__large_body___3g04wK ArticleBody__element___3UrnEs\">&#8220;I was very skeptical at first, but we saw that this business consumes a lot of energy and we have a surplus.&#8221;<\/p>\n<p data-testid=\"paragraph-5\" class=\"Text__text___3eVx1j Text__dark-grey___AS2I_p Text__regular___Bh17t- Text__large___1i0u1F Body__base___25kqPt Body__large_body___3g04wK ArticleBody__element___3UrnEs\">The hydroelectric company, with its three plants valued at $13.5 million and a three Megawatt capacity, invested $500,000 to venture into hosting digital mining computers.<\/p>\n<p data-testid=\"paragraph-6\" class=\"Text__text___3eVx1j Text__dark-grey___AS2I_p Text__regular___Bh17t- Text__large___1i0u1F Body__base___25kqPt Body__large_body___3g04wK ArticleBody__element___3UrnEs\">Kooper said international cryptocurrency miners are looking for clean, cheap energy and a stable internet connection, which Costa Rica has plenty of. However, he said Costa Rica&#8217;s government should be more aggressive about trying to attract more crypto mining business, although he gave no specifics.<\/p>\n<p data-testid=\"paragraph-7\" class=\"Text__text___3eVx1j Text__dark-grey___AS2I_p Text__regular___Bh17t- Text__large___1i0u1F Body__base___25kqPt Body__large_body___3g04wK ArticleBody__element___3UrnEs\">The government did not respond to a request for comment.<\/p>\n<p data-testid=\"paragraph-8\" class=\"Text__text___3eVx1j Text__dark-grey___AS2I_p Text__regular___Bh17t- Text__large___1i0u1F Body__base___25kqPt Body__large_body___3g04wK ArticleBody__element___3UrnEs\">Costa Rica lacks specific regulation for cryptocurrencies, unlike El Salvador, which became the first country in the world to adopt Bitcoin as legal tender in September 2021.<a href=\"https:\/\/www.reuters.com\/business\/finance\/el-salvador-leads-world-into-cryptocurrency-bitcoin-legal-tender-2021-09-07\/\" class=\"Text__text___3eVx1j Text__dark-grey___AS2I_p Text__medium___1ocDap Text__large___1i0u1F Link__underline_default___MkI7S8\"> read more <\/a><\/p>\n<p data-testid=\"paragraph-9\" class=\"Text__text___3eVx1j Text__dark-grey___AS2I_p Text__regular___Bh17t- Text__large___1i0u1F Body__base___25kqPt Body__large_body___3g04wK ArticleBody__element___3UrnEs\">Costa Rica&#8217;s central bank said it was providing space for technological innovation to allow a Fintech industry to take shape, and was constantly monitoring developments.<\/p>\n<p data-testid=\"paragraph-10\" class=\"Text__text___3eVx1j Text__dark-grey___AS2I_p Text__regular___Bh17t- Text__large___1i0u1F Body__base___25kqPt Body__large_body___3g04wK ArticleBody__element___3UrnEs\">So far all Data Center CR customers are local, such as Mauricio Rodriguez, a 31-year-old computer security engineer who entered digital mining to earn extra money from home in 2021 with equipment valued at $7,000.<\/p>\n<p data-testid=\"paragraph-11\" class=\"Text__text___3eVx1j Text__dark-grey___AS2I_p Text__regular___Bh17t- Text__large___1i0u1F Body__base___25kqPt Body__large_body___3g04wK ArticleBody__element___3UrnEs\">&#8220;Installing it in this place is much more profitable than at home,&#8221; at almost half the cost, he calculated, after connecting his computer to the network at the river-powered plant.<\/p>\n<div class=\"RegistrationPrompt__container___1zFX4Y RegistrationPrompt__inline___1dXxON\">\n<div class=\"RegistrationPrompt__text-content___2uMAHH\">\n<h5 class=\"Text__text___3eVx1j Text__white___2ncio9 Text__medium___1ocDap Text__heading_5___3obGkm Heading__base___1dDlXY Heading__heading_5___3VJIV0 RegistrationPrompt__heading___wc_GPj\">Register now for FREE unlimited access to Reuters.com<\/h5>\n<p><button class=\"Button__button___3FFWBE Button__secondary___jc-Lu5 Button__round___1BK77J RegistrationPrompt__button-text___3ZNlNC\" type=\"button\"><\/p>\n<p><span class=\"Text__text___3eVx1j Text__inherit-color___30vgWE Text__bold___2wRTrQ Text__default___1Xh7Yh TextButton__medium___1vp1Wy\">Register<\/span><\/p>\n<p><\/button><\/div>\n<\/div>\n<p><span class=\"Text__text___3eVx1j Text__dark-grey___AS2I_p Text__regular___Bh17t- Text__default___1Xh7Yh SignOff__text___2onKdN\">Reporting by Alvaro Murillo<br \/>\nWriting by Valentine Hilaire; Editing by David Gregorio<\/span><\/p>\n<p class=\"Text__text___3eVx1j Text__dark-grey___AS2I_p Text__regular___Bh17t- Text__large___1i0u1F Body__base___25kqPt Body__large_body___3g04wK ArticleBody__element___3UrnEs\">Our Standards: <a href=\"https:\/\/www.thomsonreuters.com\/en\/about-us\/trust-principles.html\" target=\"_blank\" class=\"Text__text___3eVx1j Text__dark-grey___AS2I_p Text__medium___1ocDap Text__large___1i0u1F Link__underline_default___MkI7S8\" rel=\"noopener\">The Thomson Reuters Trust Principles.<\/a><\/p>\n<\/div>\n<p>READ MORE <a href=\"https:\/\/packetstormsecurity.com\/news\/view\/32986\/Costa-Rica-Hydro-Plant-Gets-New-Lease-On-Life-From-Crypto-Mining.html\">HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>READ MORE HERE&#8230;<\/p>\n","protected":false},"author":2,"featured_media":44762,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","footnotes":""},"categories":[60],"tags":[136],"class_list":["post-44761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-packet-storm","tag-headlinecryptography"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Costa Rica Hydro Plant Gets New Lease On Life From Crypto Mining 2026 | ThreatsHub Cybersecurity News<\/title>\n<meta name=\"description\" content=\"ThreatsHub Cybersecurity News | ThreatsHub.org | Cloud Security &amp; Cyber 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