Major players in the Bitcoin mining industry are looking into nuclear energy as path way to go green.
GRIID vice president Harry Sudok stated that Nuclear energy could present a “great opportunity” to introduce “enormous amounts of clean, carbon-free” energy to the base load, during ‘Bitcoin & Beyond Virtual Summit’ in November. GRIDD is an American company that acquires low-cost, renewable energy to build vertically-integrated Bitcoin mining facilities.
According to the past subsidy programs and discourse about renewable energy have largely focused on solar and wind power and neglected to consider the potential advantages of nuclear energy.
Samson Mow ,Blockstream chief strategy officer was a panellist alongside Sudock to discuss the difficulties of Bitcoin mining and energy expenditure.
Mow referenced the domineering role that ‘FUD’ tends to have on discussions around Bitcoin mining, which he said can lead to misunderstandings not only about Bitcoin mining, but also about energy production.
Mow is also a advocate of nuclear energy for Bitcoin mining.
“The problem is, we’ve regressed as a society where we have kind of rejected nuclear power and have gone for other things like wind and solar which are more costly more difficult to generate and don’t always function,”
said Mow.
