Bitcoin miners look toward nuclear power for sustainable energy

[waybesuricata]

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.

Blockstream chief strategy officer Samson Mow was a panelist alongside Sudock to discuss the complexities of Bitcoin mining and energy expenditure.

Mow referenced the domineering role that ‘FUD’ tends to have i discussions around Bitcoin mining, which he said can lead to misunderstandings not only about Bitcoin mining, but also about energy production more generally.

Source and continuation of news:  https://cointelegraph.com/news/bitcoin-miners-look-toward-nuclear-power-for-sustainable-energy

[Vir]

Information about such things has been coming out more and more lately.
People are interested in this direction and are willing to invest in it.
1000%.

[Senin]

I do not think that nuclear energy is generally capable at this stage of solving the problems of world energy reserves, including for cryptocurrency. In connection with the sharp climate change, the number of natural disasters is also sharply increasing, and such man-made disasters, which were at Fukushima-1, can become quite frequent. And each of them can turn into a catastrophe on a planetary scale. So I don't think we need to look at nuclear power right now.
Also, what can comparatively clean nuclear power provide for Bitcoin mining? Will it reduce greenhouse gas emissions from mining? No. Turning to clean energy does not solve this issue. Therefore, the pressure on miners will continue to increase, up to a complete ban on mining cryptocurrency, which uses the energy-consuming PoW algorithm.

[Malathris]

Mining is, and will continue to be, an area that brings in decent money. Another thing is that it is quite costly, but roughly speaking, it is a win-win.

[Finansist]

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