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Kostro / Jimmy Kostro
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2024-01-29 10:03:31

Kostro on Nostr: "Witnessing these miners in action was nothing short of mesmerizing, but what ...

"Witnessing these miners in action was nothing short of mesmerizing, but what unfolded was even more awe-inspiring."

In the final week of January 2024, a remarkable journey unfolded as a group of passionate Thailand Bitcoin enthusiasts embarked on an expedition to a remote children's home nestled at the pinnacle of Northern Thailand's majestic mountains. This extraordinary haven serves as a beacon of hope for over 40 Karen Hill Tribes Villages, providing sanctuary to children facing the harsh realities of extreme poverty, absence of parental care, or isolation from local schools. It is here that The Karens For Christ Foundation extends its unwavering support to these young souls.

The Kostro Foundation, led by Bitcoiner Jimmy Kostro and Fai C., joined hands with the visionary minds of "BOB" in Bangkok, an acronym that stands for "Build on Bitcoin." Their revelation was astounding, the children's home possessed an untapped wellspring of power, amounting to approximately 4-5 kilowatts, hidden away in the remote mountainous terrain.

A site assessment expedition was carried out in the fall of 2023, and it exceeded all expectations. The surplus energy was ideally suited for repurposing old mining rigs generously donated by @PlebPiccoloJr mining business, the founder of BOB Space in Bangkok. Witnessing these miners in action was nothing short of mesmerizing, but what unfolded was even more awe-inspiring.

Mining with solar energy, as it turns out, is not typically profitable. It can take many years to break even, contingent on optimal geographic conditions, solar efficiency, the related uptime of on-site miners, reliability of weather, and obviously the Bitcoin price. Under these circumstances, profitability seemed elusive, requiring a stroke of immense luck with the arrival of large scale miners, two halving events, and prevailing inflation rates. However, here lies our advantage, our golden moment.

You see, we are not driven by profits; we are a bona fide 501(c)(3) Non-Profit organization. Our mission is to foster enduring, positive, and sustainable impacts on marginalized communities. Initially, we donated a $6,000 solar system with the intention of powering a freezer to preserve nutritious vegetables for the children's home. Yet, a revelation occurred - during daylight hours, the surplus power could produce ice blocks, rendering nighttime power usage unnecessary. This effectively freed up 4 kilowatts of the 5-kilowatt system.

In Northern Thailand, blessed with abundant daily sunshine, our contributions began to bear fruit. We donated solar equipment and mining rigs, and from day one, with minimal adjustments, we were averaging an impressive 40,000 satoshis per month, equivalent to $15.00 USD at the time of writing. While this may not seem like a monumental victory, it is nothing short of monumental.

It felt like that pivotal moment when Bitcoin's brilliance clicked for me. This achievement unlocks new dimensions in charitable giving, with implications far grander than traditional financial donations. Consider the ripple effect:

Sustainability: Our donations promote sustainable energy usage, conserving natural resources and curbing environmental pollution.

Community Empowerment: Solar energy empowers communities, particularly those lacking access to electricity, bolstering education and local businesses.

Educational Value: This equipment serves as an educational tool, teaching about renewable energy and environmental preservation.

Technological Advancement: Our contributions drive innovation in renewable energy technologies.

Social Responsibility: They reflect our commitment to addressing global challenges like climate change and energy inequality.

Health Improvement: Transitioning to solar energy can ameliorate health concerns in areas previously reliant on fossil fuels.

Supporting Decentralization: Bitcoin mining rigs advance decentralized financial systems, crucial for regions with limited banking access.

Disaster Relief: In disaster-stricken regions, solar equipment provides essential power.

These benefits exemplify the far reaching impact of our donations, extending well beyond immediate financial gains. But it doesn't stop there. Soon, people from across the globe can directly contribute satoshis to the children's home mining setup, transforming it into a beacon of hope and a pioneering hub for groundbreaking technology in the most underserved societies.

We are now taking bold steps towards partnering with the Royal Thai Project to launch a large-scale solar mining operation at the children's home. This is our golden moment, a celestial alignment of stars that propels these underprivileged children into a new world of possibilities.

While incredible as it may sound, this venture will grant us the luxury of experiencing hot showers for the very first time, thanks to the heat generated by the system. Furthermore, we are poised to establish a flourishing greenhouse garden, nurtured by this newfound warmth. The unfolding narrative is nothing short of remarkable, and this is merely the beginning, preceding the widespread adoption of satoshis for local transactions.

As we look ahead, the possibilities are virtually endless, and the use case for #Bitcoin  could not shine any brighter. The fusion of renewable energy, Bitcoin technology, and the spirit of giving has kindled a beacon of hope for these children and their communities. Our journey has just begun, and we invite you to be part of this transformative narrative, where every satoshi counts in lighting up lives and empowering the underserved.

Stay tuned and keep us in your thoughts, for the road ahead may pose its challenges, but with your support, we are set to illuminate the path towards a brighter future for these resilient souls.

Together, we are rewriting the story of charitable giving and pioneering a world where Bitcoin's potential knows no bounds.
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