French MPs Unveil Bitcoin Mining Plan Using Surplus Nuclear Energy
A group of French parliamentarians is drafting a bill that would allow excess electricity from nuclear power plants to be used for bitcoin mining.
BTC $114,486.36 , according to the latest official data.
According to Le Monde, the initiative involves installing mining equipment at facilities owned by the state-owned company Électricité de France (EDF). This process will make it possible to use excess energy generated by nuclear power plants.
France leads the European Union in nuclear energy production, with 338,202 gigawatt hours, more than half of the 27-nation total, 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 incredibly profitable solution,” said Aurelien Lopez-Liguori, a lawmaker who helped draft 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 impact of cryptocurrency mining on France’s energy balance.
Using excess energy to mine Bitcoin is not a new concept. In May, Pakistan allocated 2,000 megawatts of electricity to Bitcoin mining and AI data centers, using coal-fired power plants operating at 15% of their capacity.
In a similar vein, leading stablecoin issuer Tether is exploring the possibility of mining BTC using excess renewable energy from South American agribusiness company Adecoagro. Tether owns 70% of Adecoagro.
Source: cryptonews.net
