{"id":475630,"date":"2021-11-06T07:56:56","date_gmt":"2021-11-06T07:56:56","guid":{"rendered":"https:\/\/wncen.com\/?p=475630"},"modified":"2024-06-11T06:56:09","modified_gmt":"2024-06-11T06:56:09","slug":"navajo-nation-mining-sustainable","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/navajo-nation-mining-sustainable\/","title":{"rendered":"The Navajo Nation Is Mining Bitcoin With Sustainable Energy. Here\u2019s How"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The Navajo Nation\u2019s Bitcoin story might be the most wholesome of the last few months. The mine isn\u2019t only providing employment within the reservation, it\u2019s helping them transition from providing coal-powered energy to renewables. Another case study that proves Bitcoin incentivizes and funds green energy. Another story of Bitcoin helping the disenfranchised people of the world to find their footing.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-learn-to-trade-crypto-trading\/\">New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course<\/a><\/strong><\/em><\/p>\n<p><span style=\"font-weight: 400\">How disenfranchised are the Navajo? \u201c<\/span><i><span style=\"font-weight: 400\">The Federal Government took away all the land rights away from the Navajo people,<\/span><\/i><span style=\"font-weight: 400\">\u201d says a disembodied voice in the Compass Mining mini-documentary. According to it, among the Nation:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">48% are unemployed<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">40% live without running water<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">32% live off the grid<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">33% live below the poverty line<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">\u201c<\/span><i><span style=\"font-weight: 400\">But the Navajo are resilient people who&#8217;ve claimed the desert Southwest as home since time immemorial<\/span><\/i><span style=\"font-weight: 400\">,\u201d said director <\/span><a href=\"https:\/\/twitter.com\/wsfoxley\/status\/88393992\" rel=\"nofollow\"><span style=\"font-weight: 400\">Will Foxley via Twitter<\/span><\/a><span style=\"font-weight: 400\">. And now, they have Bitcoin on their side.<\/span><\/p>\n<div class=\"jeg_video_container jeg_video_content\"><\/iframe><\/div>\n<h2><span style=\"font-weight: 400\">The First Bitcoin Mine In Navajo Territory<\/span><\/h2>\n<p><span style=\"font-weight: 400\">The audiovisual piece comes with <\/span><a href=\"https:\/\/education.compassmining.io\/education\/navajo-nation-mining-bitcoin\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">this text as a companion<\/span><\/a><span style=\"font-weight: 400\">, which tells the story of how the first Bitcoin mine came to be:<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400\">\u201cIn 2017, a small Canadian firm named West Block approached the Navajo about building a mine on Navajo land. At 8 megawatts (MW) in size after the initial round, the Navajo invested in an equity stake in the mine during the bear market of 2018. Three years later, Bitcoin mining has turned a corner to become one of the most profitable sectors of Bitcoin itself.\u201d<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">Apparently, 58% of the mine\u2019s energy already comes from the depicted solar farm. \u201c<\/span><i><span style=\"font-weight: 400\">The Bitcoin mine is incentivizing renewables to be built on Navajo country to replace coa<\/span><\/i><span style=\"font-weight: 400\">l,\u201d says the mini-documentary\u2019s narrator. Foxley claims that \u201c<\/span><i><span style=\"font-weight: 400\">the Bitcoin mine uses Navajo energy on Navajo land for Navajo employment<\/span><\/i><span style=\"font-weight: 400\">.\u201d However, the text states that \u201c<\/span><i><span style=\"font-weight: 400\">The Navajo chose to divest themselves at a profit<\/span><\/i><span style=\"font-weight: 400\">.\u201d The move was positive, though, because it ended up \u201c<\/span><i><span style=\"font-weight: 400\">placing the money back Navajo peoples hands with investments into the public utilities.<\/span><\/i><span style=\"font-weight: 400\">\u201d<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Not only that, the mine uses renewable energy from the abundant Navajo sun. Nearby cities used to take Navajo energy (coal) off the reservation. <\/p>\n<p>But the Bitcoin mine uses Navajo energy on Navajo land for Navajo employment. <a href=\"https:\/\/t.co\/NZUwigZ4vP\" rel=\"nofollow\">pic.twitter.com\/NZUwigZ4vP<\/a><\/p>\n<p>&mdash; Will Foxley (@wsfoxley) <a href=\"https:\/\/twitter.com\/wsfoxley\/status\/00821766?ref_src=twsrc%5Etfw\" rel=\"nofollow\">November 4, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span style=\"font-weight: 400\">The Navajo Nation\u2019s Transition To Clean Energy\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400\">In the past, the Navajo have had their runnings with dirty forms of energy. The text summarizes them this way.<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400\">\u201cThe Navajo story of the 20th century is fraught with energy abuse, including malpractice in coal and uranium extraction for people off the reservation. Today\u2019s generation of Navajo continue to live with these negative externalities, such as heightened levels of radiation in well water.\u201d<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">However, as the world is trying to phase out coal-powered energy, the Navajo innovate to keep up with the times. According to Walter Hasse, Navajo Tribal Utility Authority president, \u201c<\/span><i><span style=\"font-weight: 400\">I had excess electricity that I still had to pay for and deal with. Now, I want to build renewable energy to replace my lost coal resources that are throughout the nation. I need someone to consume that renewable energy resource.<\/span><\/i><span style=\"font-weight: 400\">\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">Who could consume that energy,? we wonder. What industry is mobile enough to move to the desert and start making money for everyone around right away? Well, the mini-documentary is all about exactly that exact phenomenon.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-475633 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/BTCUSD_2021-11-06_04-42-24.png?resize=460%2C257\" alt=\"BTCUSD price chart for 11\/06\/2021 - TradingView\" width=\"460\" height=\"257\"><\/p>\n<pre style=\"text-align: center\">BTC price chart for 11\/06\/2021 on CEXIO | Source: BTC\/USD on <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" rel=\"nofollow\">TradingView.com<\/a><\/pre>\n<h2><span style=\"font-weight: 400\">Jobs For The Navajo People<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Traditionally, the Navajo don\u2019t want to leave the reservation. However, there are not many employment choices there. Until Bitcoin came along, that is. <\/span><a href=\"https:\/\/twitter.com\/wsfoxley\/status\/04523522\" rel=\"nofollow\"><span style=\"font-weight: 400\">According to Foxley<\/span><\/a><span style=\"font-weight: 400\">, the mine now hosts around 3,000 machines. According to the text, \u201c<\/span><i><span style=\"font-weight: 400\">The facility currently employs two full-time employees. With the expansion, that number will grow to eleven. That money then flows from the mine into local jobs creating even more buzz.<\/span><\/i><span style=\"font-weight: 400\">\u201d Not only that, the documentary\u2019s narrator promises \u201c<\/span><i><span style=\"font-weight: 400\">more mines scheduled to come online in the coming months.<\/span><\/i><span style=\"font-weight: 400\">\u201d<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-mining-vs-the-world-sustainable-energy\/\">Bitcoin Mining Vs. The World: BTC Leads Sustainable Energy<\/a><\/strong><\/em><\/p>\n<p><span style=\"font-weight: 400\">Considering a mining company commissioned both the audiovisual piece and the text, we could assume who\u2019s behind those \u201c<\/span><i><span style=\"font-weight: 400\">more mines scheduled.\u201d <\/span><\/i><span style=\"font-weight: 400\">And we salute them.<\/span><\/p>\n<pre style=\"text-align: center\">Featured Image: Screenshot from <a href=\"https:\/\/www.youtube.com\/watch?v=b94XAejlFa8&amp;t=26s\" rel=\"nofollow\">the mini-documentary<\/a> | Charts by <a href=\"https:\/\/www.tradingview.com\/\" rel=\"nofollow\">TradingView<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>The Navajo Nation\u2019s Bitcoin story might be the most wholesome of the last few months. The mine isn\u2019t only providing employment within the reservation, it\u2019s helping them transition from providing coal-powered energy to renewables. Another case study that proves Bitcoin incentivizes and funds green energy. Another story of Bitcoin helping the disenfranchised people of the world to find their footing. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course How disenfranchised are the Navajo? \u201cThe Federal Government took away all the land rights away from the Navajo people,\u201d says a disembodied voice in the Compass Mining mini-documentary. According to it, among the Nation: 48% are unemployed 40% live without running water 32% live off the grid 33% live below the poverty line \u201cBut the Navajo are resilient people who&#8217;ve claimed the desert Southwest as home since time immemorial,\u201d said director Will Foxley via Twitter. And now, they have Bitcoin on their side. The First Bitcoin Mine In Navajo Territory The audiovisual piece comes with this text as a companion, which tells the story of how the first Bitcoin mine came to be: \u201cIn 2017, a small Canadian firm named West Block approached the Navajo about building a mine on Navajo land. At 8 megawatts (MW) in size after the initial round, the Navajo invested in an equity stake in the mine during the bear market of 2018. Three years later, Bitcoin mining has turned a corner to become one of the most profitable sectors of Bitcoin itself.\u201d Apparently, 58% of the mine\u2019s energy already comes from the depicted solar farm. \u201cThe Bitcoin mine is incentivizing renewables to be built on Navajo country to replace coal,\u201d says the mini-documentary\u2019s narrator. Foxley claims that \u201cthe Bitcoin mine uses Navajo energy on Navajo land for Navajo employment.\u201d However, the text states that \u201cThe Navajo chose to divest themselves at a profit.\u201d The move was positive, though, because it ended up \u201cplacing the money back Navajo peoples hands with investments into the public utilities.\u201d Not only that, the mine uses renewable energy from the abundant Navajo sun. Nearby cities used to take Navajo energy (coal) off the reservation. But the Bitcoin mine uses Navajo energy on Navajo land for Navajo employment. pic.twitter.com\/NZUwigZ4vP &mdash; Will Foxley (@wsfoxley) November 4, 2021 The Navajo Nation\u2019s Transition To Clean Energy\u00a0 In the past, the Navajo have had their runnings with dirty forms of energy. The text summarizes them this way. \u201cThe Navajo story of the 20th century is fraught with energy abuse, including malpractice in coal and uranium extraction for people off the reservation. Today\u2019s generation of Navajo continue to live with these negative externalities, such as heightened levels of radiation in well water.\u201d However, as the world is trying to phase out coal-powered energy, the Navajo innovate to keep up with the times. According to Walter Hasse, Navajo Tribal Utility Authority president, \u201cI had excess electricity that I still had to pay for and deal with. Now, I want to build renewable energy to replace my lost coal resources that are throughout the nation. I need someone to consume that renewable energy resource.\u201d Who could consume that energy,? we wonder. What industry is mobile enough to move to the desert and start making money for everyone around right away? Well, the mini-documentary is all about exactly that exact phenomenon. BTC price chart for 11\/06\/2021 on CEXIO | Source: BTC\/USD on TradingView.com Jobs For The Navajo People Traditionally, the Navajo don\u2019t want to leave the reservation. However, there are not many employment choices there. Until Bitcoin came along, that is. According to Foxley, the mine now hosts around 3,000 machines. According to the text, \u201cThe facility currently employs two full-time employees. With the expansion, that number will grow to eleven. That money then flows from the mine into local jobs creating even more buzz.\u201d Not only that, the documentary\u2019s narrator promises \u201cmore mines scheduled to come online in the coming months.\u201d Related Reading | Bitcoin Mining Vs. The World: BTC Leads Sustainable Energy Considering a mining company commissioned both the audiovisual piece and the text, we could assume who\u2019s behind those \u201cmore mines scheduled.\u201d And we salute them. Featured Image: Screenshot from the mini-documentary | Charts by TradingView<\/p>\n","protected":false},"author":539,"featured_media":475631,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[84616,640,84617,1782,84625,12575,84615,84618,84612,84614,84613,84621,5253,8300,84623,84620,84619,84624,84622],"class_list":["post-475630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin-incentivizes-renewable-energy","tag-bitcoin-mining","tag-compass-mining","tag-documentary","tag-feel-good-hit-of-the-summer","tag-green-energy","tag-green-energy-bitcoin","tag-mini-documentary","tag-navajo","tag-navajo-bitcoin","tag-navajo-nation","tag-navajo-tribal-utility-authority","tag-renewable-energy","tag-solar-energy","tag-solar-farm","tag-walter-hasse","tag-west-block","tag-wholesome-bitcoin-stories","tag-will-foxley"],"acf":[],"yoast_head":"\n<title>The Navajo Nation Is Mining Bitcoin With Sustainable Energy. 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