{"id":365378,"date":"2021-11-11T08:00:06","date_gmt":"2021-11-11T05:00:06","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-miners-look-toward-nuclear-power-for-sustainable-energy\/"},"modified":"2021-11-11T08:00:06","modified_gmt":"2021-11-11T05:00:06","slug":"bitcoin-miners-look-toward-nuclear-power-for-sustainable-energy","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-miners-look-toward-nuclear-power-for-sustainable-energy\/","title":{"rendered":"# Bitcoin miners look toward nuclear power for sustainable energy"},"content":{"rendered":"

“# Bitcoin miners look toward nuclear power for sustainable energy <\/strong>”
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Major players in the Bitcoin (BTC) mining industry have their sights set on nuclear energy as pressure mounts to go green. <\/p>\n

Nuclear energy could present a \u201ctremendous opportunity\u201d to introduce \u201cenormous amounts of clean, carbon-free\u201d energy to the base load, said GRIID vice president Harry Sudok at the \u2018Bitcoin & Beyond Virtual Summit\u2019<\/a> on Nov. 10. GRIDD is an American company that procures low-cost, renewable energy to build vertically-integrated Bitcoin mining facilities. <\/p>\n

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.<\/p>\n

\u201cThe growth rate is largely focused around solar and wind right now, and that\u2019s just the reality of the programs that have been rolled out over the last 8-10 years. But what we\u2019d love to see is an expansion of nuclear,\u201d he said. <\/p>\n

Blockstream chief strategy officer Samson Mow was a panelist alongside Sudock to discuss the complexities of Bitcoin mining and energy expenditure. <\/p>\n

Mow referenced the domineering role that \u2018FUD\u2019 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 general<\/a>ly. <\/p>\n

These misunderstandings are \u201cleading to these kind of crazy headlines that Bitcoin is going to boil the oceans,\u201d he said.<\/p>\n

\u201cThe bigger picture is really often missed because Bitcoin mining is a small percentage of energy consumption worldwide \u2014 like a fraction of a percent,\u201d Mow said. \u201cIf we are dirty, then everything is very dirty, right?\u201d<\/p>\n

Mow is also a proponent of nuclear energy for Bitcoin mining. \u201cThe problem is, we\u2019ve 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\u2019t always function,\u201d said Mow.<\/p>\n

Related: <\/em><\/strong>Climate Chain Coalition advocates for the creation of a green economy at COP26<\/em><\/strong><\/p>\n

Last month, the Bitcoin Mining Council (BMC) surveyed around 33% of the current global Bitcoin network. BMC estimates the global mining industry\u2019s sustainable electricity mix grew about 3% to 55.9% during the third quarter of this year. <\/p>\n

\u201cBitcoin miners will go to the cheapest form of electricity that they can find,\u201d Amanda Fabiano said at the summit. Fabiano is the head of mining at digital asset invest management firm Galaxy Digital and a founding member of BMC.<\/p>\n

\u201cI think sustainably focused capital will find a really great home in Bitcoin mining.\u201d <\/p><\/blockquote>\n<\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“# 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 \u201ctremendous opportunity\u201d to introduce \u201cenormous amounts of clean, carbon-free\u201d energy to the base load, said GRIID vice president…<\/p>\n","protected":false},"author":1,"featured_media":365379,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvOTIzNTQ0MjktYjUyZC00NmJjLWE1NmMtNWQ2MGFkYWFmMzEwLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74989,78717,75042,70752],"class_list":["post-365378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-mining","tag-energy-consumption","tag-mining","tag-energy"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/365378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=365378"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/365378\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/365379"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=365378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=365378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=365378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}