- May 9, 2022 4:17 pm GMT
Dr Adam Back talked on twitter how hydropower, which often has surplus energy in some regions, can be used profitably by utility companies to mine bitcoin and other cryptocurrencies during periods where the surplus power would otherwise be unused, or in the case of renewables, be wasted. See here:
Did you know that the entire #Bitcoin network could be powered by already built hydroelectric infrastructure in Quebec? 🇨🇦 @adam3us busts energy FUD and breaks down how countries with abundant renewables can benefit from #BitcoinMining. pic.twitter.com/HlA8lAbXAO— Blockstream (@Blockstream) May 6, 2022
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