Nuclear energy may be the best choice for Bitcoin miners: GRIDD
Crypto miners firms are looking at nuclear energy sources to get energy for the mining operations in order to comply with the initiative of carbon-free operations.
At present, Bitcoin is only the most supported crypto asset in the world because Bitcoin is only the crypto asset, which is adopted by one of the countries of the world, El Salvador. Besides the bitcoin mining operations, there is a big need for validators, who can support the bitcoin Blockchain network by running the nodes on their high-performance machines. However, the El Salvador government has directly jumped into the bitcoin mining operations to generate revenue but the situation of bitcoin mining is not favourable for all bitcoin mining firms in other regions of the world. Because in Salvador, volcanoes are the source of thermal energy power plants but in other parts of the world, the situation is different and mining firms are dependent on fossil fuel-based energy which causes huge carbon emissions.
On 10 November, Harry Sudok- a vice president at GRIDD- speaking on the ‘Bitcoin & Beyond Virtual Summit’ said that nuclear energy could be a possibly better option for the tremendous high energy and high load. And it will be a carbon emission-free option.
GRIDD is an American company that is popularly known for its operation in providing sustainable & renewable energy at low cost and also facilitating integrated crypto mining facilities for the crypto mining firms.
Harry said that in the past, the renewable and green sources of energy were focused on solar energy and wind energy but the profit with the Nuclear sources of energy can give very high Profit against earlier focused options.
Further, Harry added:
“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”
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