Mojave Desert is Fertile Ground for America's Largest Planned Solar Bitcoin Mining Farm

Plouton Mining is building one of the largest solar Bitcoin mining facility in the United States in California's Mojave desert.

Plouton Mining is a Los Angeles startup that is combining Bitcoin mining with renewable solar energy.

On 50 acres of land situated in the Mojave desert, co-founders Samuel Del Real and Cole Walton founded a company to bring a more sustainable future to Bitcoin mining.

"We got involved in the BTC mining world by actually selling the ASIC miners. We actually had the number one store on eBay for selling ASICs S9 Antminers in 2017. After we had gotten involved in the space and gotten our hands in there, we wanted to figure out what other ways we can participate in a more meaningful way. Mining BTC naturally was it."

In a January report from CoinShares, a group of digital asset managers that perform periodic analysis of the space, the company estimated that 78 percent of the energy used for Bitcoin mining comes from renewable sources.

The report also indicated that Bitcoin mining is potentially becoming more decentralized.

One research study suggested that up 74 percent of Bitcoin mining was occurring in China.

Another interesting point is that many large-scale miners are able to enter into agreements with renewable energy providers for cheaper electricity.

These miners are able to utilize energy surpluses from utility providers, which would otherwise be wasted.

Cryptocurrency mining is ultimately a race for who can produce the most hashes for the least electricity.