Getting climate, energy & environment news right.

Bitcoin miners look toward nuclear power for sustainable energy

Keira Wright writes in CoinTelegraph that Bitcoin miners are looking to nuclear power for sustainable energy.

>>>READ: No, Bitcoin is Not Destroying the Planet<<<

The C3 Take
  • While Bitcoin is very energy intensive, around 55% of global mining is powered through clean energy.
  • The industry is looking to clean up its environmental footprint even further by partnering with various nuclear energy companies.
  • Cryptocurrency can be used a force for environmental good by deploying more clean energy to the grid and bringing wealth to developing nations.

“Last month, the Bitcoin Mining Council surveyed around 33% of the current global Bitcoin network. BMC estimated that the global mining industry’s sustainable electricity mix grew about 3% to 55.9% during the third quarter of this year.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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