PRTI Recycling Tires
PRTI has identified a method to recycle used automobile tires, converting them into energy sources, part of which is then used to mine bitcoin on-site.
The wheel is often regarded as one of the most essential instruments ever devised. Having said that, tires are hazardous to the environment and difficult to dispose of correctly.
Every year, up to 300 million tires are discarded in the United States alone. Surprisingly, 300 million does not even account for all trash tires produced in the country. As many as 10% of all produced tires fail to meet stringent production and safety criteria. These failing tires are usually classified as industrial waste rather than trash tires. However, they must be disposed of each year.
Tire microplastics wind up in rivers and seas. Tires gather rainwater, an ideal breeding site for mosquitos carrying the West Nile virus. Because tires contain fossil fuel, if a pile of tires catches fire, it can be not easy to extinguish and last for a long time.
Tires may be disposed of in three ways: burning, burying, and grinding. None of these strategies are particularly successful or efficient.
SOLVING THE TIRE ISSUE
Bitcoin Mining with Scrap Tires
PRTI was formed in 2013 to address the global issue of discarded tires. Thermal DeManufacturing was invented by the firm. This method recycles discarded tires by converting them into useful sources of energy and steel.
PRTI’s CEO is Chris Hare. His firm recycles scrap tires into components and energy sources that may be sold or utilized on-site. The technique employs 30-foot-tall vertical cylinders that heat the tires sufficiently to convert them to gas. PRTI gathers gas, condenses it, and converts it to oil. The entire demanufacturing process takes 11 hours and yields solid fuel, oil, gas, and steel. The firm is attempting to address the question of how to construct a power system that can convert various fuels into heat, steam, or power. The firm can capture the stored energy in these “round batteries” and use them to create a microgrid with 8 to 10 MW per site through their demanufacturing process. PRTI created a tiny data center to mine bitcoin with the energy generated by scrap tires.
IT’S TIME TO GROW
This startup is resolving a decades-old environmental issue by generating electricity and then using that energy to mine bitcoin. This shatters the conventional media premise that Bitcoin is bad for the environment. Bitcoin provides an innovative approach to harness energy that might otherwise sit unused outside of large cities. When seen through this perspective, we can see why more bitcoin mining locations are required. Hare concluded by saying, “If we can be a piece of solving this multi-headed hydra that’s fine by us. And if we can bring about more awareness to Bitcoin, that’s a nice add-on.” How long until the ordinary person sees bitcoin mining as a solution to fiat-generated waste?
