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Mining moves towards nuclear energy

Mining moves towards nuclear energy

Attending the Bitcoin & Beyond Virtual Summit, Harry Sudock, Vice President of GRIID mining company, said the following:

“Pressure on miners only continues to increase. Today, everyone wants mining to be "green", powered by wind or hydraulic energy. However, the major market players focus on using nuclear reactors, consistently generating high power, and supplying electricity to large facilities. We would like to see an expansion of the nuclear program tailored to the miners' needs.”

He believes the problem is that society is regressing by relying mainly on wind and solar energy rather than nuclear power. But wind and solar are not always available.

While dismissing claims that bitcoin is about to boil oceans, he reported that the public often misses the whole picture of reality. After all, bitcoin mining only takes up a fraction of one percent of the planet's total energy consumption.

Harry replied, “If mining is considered dirty at that, then everything else is even dirtier, right?”

Following the Summit, one thing is clear: mining companies will continue to look for the cheapest and most affordable energy on the market. After all, the big capital invested in the industry wants its farms to run continuously and steadily.

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