An anonymous reader shares a report: Sure, you could mine bitcoin on that old PC in your garage, or you could use a whole power station to do it. That's the idea behind the Blockchain Application Centre -- an Aussie tech initiative that will see one of the country's now-shuttered coal-fired power plants reopened to provide cheap power for blockchain applications. It's the work of Australian tech company IOT Group, which has partnered with local power company Hunter Energy on the project. According to The Age, Hunter Energy will recommission the Redbank power station in the Hunter Valley, two hours drive north of Sydney. Once the power plant is reopened (expected to be completed within 12 months), it will offer wholesale or "pre-grid" power prices to blockchain companies, allowing them to do things like mining cryptocurrencies, without having to pay retail power prices.