Mining Bitcoin Using Nuclear Power?
The topic of mining Bitcoin with nuclear power has been getting tossed around and this tweet of Bitcoinist Dan Held just came across my feed:
Anyone else think that a proper Bitcoin citadel needs a nuclear reactor?
Mining Bitcoin Using Nuclear Power May Be Fine, Actually
“The plants themselves are pretty well-run, and they know what they’re doing,” said Gilbert. “It really is a matter of the economics. There’s a certain point where you’re definitely unprofitable, and you’re going to be likely to close because you’re not getting enough money in power markets. But if a bitcoin operation takes 10 to 15 to 30 percent of your power at a reasonable price, that tips you into profitability.”
This profitability means the plants can stay open, giving miners a little carbon-free energy as a treat while keeping the U.S.’s biggest source of zero-emissions power operational. This is especially a good idea while we wait for more renewables—and policies that favor them—to come online, in what could be the first real-world proof bitcoin is doing some societal good instead of being a waste of energy and resources.