Nuclear Powered Bitcoin; A Whole New Concept

The energy producer Energy Harbor corp. on nuclear and fossil fuels has stated on Monday that it has partnership with Standard Power, a Bitcoin hosting provider.

In December 2021 the Bitcoin mining effort will begin. In Coshocton, Ohio, Standard Power will turn an abandoned paper mill into a nuclear power plant using electricity from Energy Harbor.

Energy harbour power station

Maxim Serezhin, Standard Power’s Chief Executive Officer stated,

“By partnering with Energy Harbor, we have proactively structured our hosting capabilities to ensure that 100% of the power associated with this facility is carbon-free.”

The hyped Twitteratis posted their extravagant thoughts on the new concept of bitcoin mining.

In fact, atomic power does not contain carbon. Installations convert uranium atoms into steam-powering turbine generators rather of burning high carbon capacities from fossilised factories and animals.

The US Electricity Department says that a nuclear power station generates on average one gigawatt of energy, whereas 3.99 gigawatts is generated by Arizona’s largest nuclear power station in the United States, Palo Verde.

In addition to the Energy Harbor-Standard Power Partnership, the nuclear is not a popular alternative for ‘clean’ bitcoin mines. Ukraine had planned for the last year to use excess nuclear power in Bitcoin mining, but seems to have gone no farther.

Hurdles and Resistance

The initial expenditures might be a plausible explanation for the rarity of nuclear bitcoin mining.

According to Wall Street Journal, it cost more than $25 billion to build Vogtle’s nuclear power plant near Waynesboro, Georgia – the first nuclear project to be completed in the U.S. in the 21st century.

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