Originally aired on July 20, 2023
This sponsored episode of the Edge of NFT podcast features Vickaash Agarwal from Bluewheel Mining.
Making Bitcoin Mining Accessible Through Renewable Energy
This episode of Edge of NFT explores how Bluewheel Mining is innovating to make Bitcoin mining more accessible and eco-friendly. CEO Vickaash Agarwal explains how their project leverages blockchain technology and renewable energy to create the largest, community-run mining operation.
By building mining infrastructure that utilizes sustainable power sources like solar and wind, Bluewheel reduces costs and environmental impact. Their decentralized model distributes mining rewards daily to holders of their NFT nodes. This opens Bitcoin mining profits, previously reserved for large-scale investors, to regular people.
Vickaash details how the smart contracts automatically deduct electricity fees and distribute bitcoins earned to node holders’ wallets. Bluewheel handles maintenance and operations of the 3000 miners so individuals can earn passive income without technical mining know-how. Upcoming plans include mining facility expansions and integrating DeFi services like lending for NFT holders.
The interview explores Vickaash’s vision to keep innovating at the intersection of blockchain, DeFi, and renewables. He sees opportunities to apply AI and quantum technologies to advance materials science. Vickaash advocates for patience, honesty, and avoiding greed—advice that guides both his entrepreneurial and philanthropic pursuits.
How does Bluewheel Mining open crypto mining to the masses?
- Leverages renewables to lower costs of running large mining operations
- Distributes rewards to NFT node holders who share mining returns
- Manages maintenance so individuals can earn passive bitcoin income
What innovations does the project bring to Bitcoin mining?
- First mining company built natively on blockchain technology
- Daily distribution of rewards via smart contracts and DeFi
- Expanding access by removing barriers to profiting from mining
How does Blue Wheel integrate sustainability into its model?
- Sources renewable energy like solar and wind to power operations
- Lowers mining costs while reducing environmental impact
- Part of mission to positively contribute through eco-friendly infrastructure
What drives Vickaash’s vision as a leader in blockchain?
- Keep innovating at intersection of crypto, DeFi, and renewable tech
- Curiosity to explore AI, quantum, and other exponential technologies
- Apply them to advance materials science and other fields
What advice does Vickaash offer the next generation?
- Cultivate patience, honesty with yourself and others
- Avoid greed in the pursuit of innovation
- Apply new tech like blockchain for social good