As a diversified distributed energy company, Moser Energy Systems is an industry leader in power generation. Leadership in anything requires continued innovation, and that is exactly what Moser Energy Systems has done in its most recent partnership with a company that specializes in Bitcoin Mining.
Bitcoin is a form of cryptocurrency, and Bitcoin mining is how new Bitcoins are introduced into circulation, and it involves a complex series of transactions that are powered by blockchains. In order to add a “block,” Bitcoin miners must solve complicated math equations using powerful computers.
“We mine Bitcoin using natural gas generators as the power source,” a spokesperson for the company partnering with Moser Energy Systems stated. “The number one competitive advantage in Bitcoin mining is finding access to inexpensive power.”