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