A group of French parliamentarians is drafting a bill that would allow excess electricity from nuclear power plants to be used to mine Bitcoin.
BTC $114,486.36 , according to the latest official data.
According to Le Monde, the proposed law includes the installation of mining equipment at facilities owned by state-owned energy company Électricité de France (EDF), a process that would make efficient use of excess energy produced by nuclear power plants.
France is the European Union’s top nuclear energy producer, with 338,202 gigawatt hours, more than half the total output of the 27 countries, according to Eurostat data for 2023. The heat released during nuclear fission is used to generate electricity, but more than two-thirds of that heat is lost, the statistics agency said.
“It’s a safe and extremely profitable solution,” said Aurelien Lopez-Liguori, a lawmaker involved in drafting the bill. The bill is still in its early stages and follows on from a previously rejected amendment from June that would have assessed the contribution of cryptocurrency mining to France’s energy balance.
Using excess energy to mine Bitcoin is nothing new. In May, Pakistan allocated 2,000 megawatts of electricity to Bitcoin mining and AI data centers, using coal-fired power plants running at 15% of their capacity.
In a similar vein, leading stablecoin issuer Tether is considering mining BTC using excess renewable energy from South American agribusiness company Adecoagro. Tether owns 70% of Adecoagro.
Source: cryptonews.net
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