Nuclear Powered Bitcoin Mining – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

The Bitcoin network’s share of global carbon dioxide emissions is only about 0.13% of the global annual total — approximately 47 million tons of a rough total 37 billion tons, by some estimates. But despite the fact that many bitcoin mining firms use renewables for a significant amount of their energy needs, Bitcoin is under sustained attack for its consumption.

It is becoming clear that the biggest challenge for bitcoin mining right now is no longer just finding the best mining equipment (as Chinese miners have shut down over a regulatory crackdown and apparently freed up a significant amount of equipment). It is how to answer so-called environmental, social and governance (ESG) concerns about energy use and climate change.

Throughout the U.S., there are regions that are expanding their nuclear power capabilities and numerous examples of bitcoin mining firms pivoting to nuclear power, a carbon-free source that should help to answer those concerns.

In Ohio, in what the companies are calling a “groundbreaking climate-friendly agreement,” Energy Harbor and Standard Power are partnering to provide nuclear power to a new bitcoin mining center in Coshocton.

Compass Mining has seemingly leapfrogged the competition, skipping the nuclear reactor step and going straight to nuclear fission in a 20-year agreement with California-based advanced fission company Okla to mine bitcoin with nuclear power.

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