Why Crypto Mining Needs Nuclear Power

Why Crypto Mining Needs Nuclear Power

Intentional collaboration with nuclear power could reduce the cost of electricity for crypto-mining operations. The cost to generate the electricity is a small fraction of the total, with various taxes, transmission costs and delivery costs accounting for the rest. Although nuclear power does not offer the lowest electricity generation cost, crypto mining would take full benefit of its reliability, energy density and geographical flexibility. Crypto-mining farms that use nuclear power, either through collocation with existing plants or by ownership of their own plants, would pay less for their carbon-free electricity than they would if they purchased carbon-intensive electricity from the grid.

Source link

Be the first to comment

Leave a Reply

Your email address will not be published.