Enel, one of the largest companies in the world. 39, electricity in Europe announced today that it would not sell renewable energy. In a brief statement to Reuters, the company based in Italy said that they had "no interest in selling energy" to a mining company:

"Enel has embarked on a clear path towards decarbonisation and sustainable development and sees the intensive use of energy dedicated to cryptocurrency extraction as a non-profit practice. which does not correspond to the business model that it pursues. "

Enel allegedly negotiated an agreement with the Swiss company Envion AG, an off-grid mining company that claims to use decentralized clean energy to power its mobile mining units, before the decision from today to not sell. Each Envion unit is installed in an expedition container and can be powered by a solar or wind farm anywhere in the world, eliminating any dependence on a facility's infrastructure. country.

Nearly 70% of cryptocurrency transactions not in Europe, but in China, because of the cheap electricity costs there. However, as China recently tightened encryption regulations in the country, banning OICs and trade, miners could face power restrictions in China.

As CT reported in December 2017, Bitcoin globally uses more power than most African countries. With crypto mining in China based on the use of coal or hydroelectric power, companies have tried innovative ways to use more renewable energy, such as a company based in the Netherlands who tried to exploit the human heat for mining purposes.