Crypto: now powered by bull

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For a long time, FT Alphaville has warned our readers that the majority of the crypto space is full of bull.

But little did we know that it would get to the point that literal cow excrement would become a key selling point for miners of the coins.

From our inboxes this morning:

A crypto mining business which runs its computers off cow manure has taken £5million in sales bookings so far this year.

Bury-based Easy Crypto Hunter says enquiries have surged after Elon Musk attacked Bitcoin mining for guzzling energy created by harmful fossil fuels.

Mining Bitcoin usually requires a super-powerful, energy-intensive computer, and most mining is done in China where energy costs are far cheaper than here in the UK.

But Josh Riddett’s mining machines — measuring 70cm x 35cm x 40cm — are designed to mine other digital currencies like Ravencoin and Ethereum and use far less energy.

Mr Riddett’s mining gear “is powered using Anaerobic Digestion (AD) machines which turn animal waste into renewable energy”. The process works by converting the dung into biogas, according to the EPA.

And here’s Riddett with one of the providers of the stinky, renewable energy source:

It’s fair to say that the crypto-space is doing all it can to mooo-ve on from its reputation as an environmental destroyer.

Better puns welcome in the comments.

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