Mining Bitcoin (BTC) Using Nuclear Power

Mining Bitcoin (BTC) Using Nuclear Power US electricity supplier Energy Harbor Corp has signed a partnership with Bitcoin (BTC) mining company Standard Power. It will build a mining farm powered by a nuclear power plant.

Nuclear Powered Bitcoin (BTC) Mining

As the Energy Harbor press release explains, the two companies have signed a five-year partnership. Standard Power will turn an abandoned paper mill in Ohio into a mining field.

The energy supplied by Energy Harbor will come entirely from nuclear power plants, reducing mining's carbon footprint.

According to Maxim Serezhin, CEO of Standard Power, nuclear will be used exclusively for this Bitcoin farm:

“By partnering with Energi Harbor, we have organized our accommodation capacity to ensure that 100% of the electricity associated with this facility is non-carbon emitting.”

The project will start in December 2021. Standard Power also explained that it will adapt its activities to individual electricity needs in Ohio, so as not to monopolize the grid.

Read this The creator of Dogecoin Says goodbye to the Crypto World.

Bitcoin Decarbonization

This maneuver is important, as Bitcoin has come under a lot of criticism lately, due to its high electricity consumption. To solve this, several solutions have been mentioned, and big names in the industry have started to pay attention to this problem. Take Gemini, for example, which buys carbon credits to support companies removing CO2 from the atmosphere.

All of this is also part of a profound transformation of the mining landscape. After years of threats, China began cutting off electricity to local miners. Therefore we are witnessing exodus to other countries – including the United States.

Therefore, redistribution of hashrate to the West could allow new solutions of this type to emerge, to continue to decarbonize the Bitcoin network.

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