Is nuclear energy the best choice for bitcoin miners?

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.

How does the bitcoin mining industry use energy?

Combining their energy sources with traditional energy and renewable energy, bitcoin miners can consume this excess electricity during the off-peak hours. At the same time, the mining industry may also supply the excess electricity they could produce from traditional sources to the grid.

Is there an opportunity for crypto miners elsewhere?

This has created an opportunity for miners elsewhere, as the power behind crypto becomes less dependent on one place. Photo illustration: Sharon Shi Bitcoin miners, under fire for their sizable environmental footprint, are forging partnerships with owners of struggling nuclear-power plants with electricity to spare.

What is the first nuclear-powered bitcoin mine in the US?

The center's completion, which was announced last week by Cumulus Data, sets it up to be the first nuclear-powered bitcoin mine in the US. It means that any bitcoin mined through the center will emit next to no carbon. Mining bitcoin requires enormous amounts of energy.