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Bitcoin could be nuclear power’s last hope of salvation?

Bitcoin miners look toward nuclear power for sustainable energy, COINTELEGRAPH, 12 Nov 21,

Several major players say that nuclear energy might be the best choice for Bitcoin miners.  Major players in the Bitcoin (BTC) mining industry have their sights set on nuclear energy as pressure mounts to go green. [nuclear green? Wha aa t ?]

Nuclear energy could present a “tremendous opportunity” to introduce “enormous amounts of clean [nuclear clean? wha aa at?], carbon-free” energy to the baseload, Harry Sudock, vice president of Griid, said at the “Bitcoin & Beyond Virtual Summit” on Wednesday. Griid 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 eight to 10 years. But what we’d love to see is an expansion of nuclear,” he said………..

Blockstream chief strategy officer Samson Mow  is also a proponent of nuclear energy for Bitcoin mining. “The problem is, we’ve regressed as a society where we have kind of rejected nuclear power and have gone for other things like wind and solar, which are more costly more difficult to generate and don’t always function,” he said…………….

Bitcoin miners will go to the cheapest form of electricity that they can find,” [nuclear cheap? wha aa at?]

said Amanda Fabiano at the summit. Fabiano is the head of mining at digital asset invest management firm Galaxy Digital and a founding member of BMC.

November 13, 2021 - Posted by | 2 WORLD, business and costs

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