It seems that today you can use Bitcoin for literally anything. Whether it’s buying a cup of coffee from Starbucks or even investing in stocks, more and more people are turning to the cryptocurrency to unlock potential financial opportunities. Now, one of the world’s first national parks is getting in on the action.
Bryce Canyon National Park
Bryce Canyon National Park is located in southwestern Utah and is the 23rd-largest U.S. national park encompassed of 158,000 acres. It’s known for the National Park’s intricate sandstone hoodoo formations and Navajo traditional myths. People who visit Bryce Canyon can take a variety of different hikes, while appreciating the impressive rock formations, such as Thor’s Hammer, and The Bristlecone Vista. The Park is also home to many animals, including the prairie falcon, mule deer, and elk.
Bitcoin Mining
Bitcoin mining is the process by which transactions are verified and added to the public ledger, or blockchain, and also the means through which new bitcoin are released. All miners need to do is dedicate the power of their computers to the Bitcoin protocol and they’ll receive a reward of newly released bitcoin in return. Simply put, Bitcoin mining is the process of generating and releasing new sets of Bitcoin.
Canyonland National Park Going Digital
Recently, it was announced that the Friends of Canyonland National Capital, the nonprofit that supports the park, is diving deep into the Bitcoin Mining Pool and has created the Canyonland’s first digital mining operation. This new operation consists of two 250 KW mining rigs which will be powered using renewable energy. They are expecting to generate roughly 5 Bitcoin per month and any profits from the mining will go directly to helping the National Park.
The Optimistic Outlook
When asked about the prospects of the new mining operation, Bryce Canyon’s CEO, Wang Gu, stated that they “are extremely optimistic”. He went on to explain that they hope this project will bring attention and revenue to the park that will be invested into important conservation and enhancement projects. Gu went on to state that this project is a step forward in demonstrating how blockchain technology and cryptocurrencies can be used to support conservation and environmental efforts.
The Benefits Of Mining
There are numerous benefits of carrying out this endeavor at Bryce Canyon. By utilizing the power of blockchain technology and cryptocurrency to create and launch the new project, they hope to bring in extra revenue which will be reinvested directly into the National Park and its patron’s experience. Most importantly, the renewable energy involved in this venture will cut down on carbon emissions and help to conserve the natural environment that Bryce Canyon is famous for.
The Power Of Renewable Energy
An essential part of this entire operation is the renewable energy aspect. This new venture is centered around renewable energy, more specifically solar panels, which will power the two 250 KW mining rigs. Because of this, the National Park will be able to reduce their carbon footprint and live in harmony with their natural surroundings.
Bryce Canyon National Park’s move to incorporate cryptocurrency & blockchain technology is a revolutionary step forward. Not only does it bring attention to the park and its cause, it also shows the power of renewable energy. It’s certain that other National Parks will follow in the coming years, and that this project will be a success. Moving forward, it’s important to keep in mind the natural components like the flora and fauna that the park holds– and the long-term success of these efforts are reliant upon its impact on the Environment.
