Bitcoin Miners Look Toward Nuclear Power for Sustainable Energy
Is nuclear power the best opton for bitcoin miners? Some say so
Bitcoin miners look toward nuclear power for sustainable energy
“Major players in the Bitcoin (BTC) mining industry have their sights set on nuclear energy as pressure mounts to go green.
Nuclear energy could present a ‘tremendous opportunity’ to introduce ‘enormous amounts of clean, carbon-free’ energy to the base load, said GRIID vice president Harry Sudok at the ‘Bitcoin & Beyond Virtual Summit’ on Nov. 10. GRIDD is an American company that procures low-cost, renewable energy to build vertically-integrated Bitcoin mining facilities.
According to Sudock, past subsidy programs and discourse about renewable energy have largely focused on solar and wind power and neglected to consider the potential benefits of nuclear energy.
‘The growth rate is largely focused around solar and wind right now, and that’s just the reality of the programs that have been rolled out over the last 8-10 years. But what we’d love to see is an expansion of nuclear’ he said.”