UK Bitcoin Policy Group Advocates Using Bitcoin to Support Sustainable Grids and Renewable Energy Generation
The UK Bitcoin Policy Organization is advocating for the use of Bitcoin to support sustainable power grids and renewable energy generation. In a report released on July 10th, the organization pointed out that the Bitcoin mining industry is the main purchaser of electricity and can be a key factor in making intermittent renewable energy supply "stable and feasible." The report stated that the Bitcoin mining industry is one of the few, if not the only, technologies that can provide "completely elastic demand for backup renewable energy." The report states that this will set a "floor price" and monetize energy supply, otherwise these energy sources will not be utilized, or even "cost-cut."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Elizabeth Warren asks to postpone stablecoin bill review, saying she has a vested interest in Trump
Musk: AI can replace some government employee functions, the US government is inefficient
If the Fed does not cut interest rates this week, prepare for Trump's "bombardment"
Trump changes his words and says he will not seek a third term, and names two successors
Trending news
MoreCrypto prices
More
