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Positioning bitcoin mining with carbon-free sources, like nuclear power, offers huge benefits to the cryptocurrency industry as digital assets grow in popularity, acceptability, and engagement with the economy at large.

World Nuclear News reports that Cumulus Data, a subsidiary of independent power producer Talen Energy and a manufacturer of zero-carbon data centers, has completed installation on the first building at its nuclear-powered data center site in Susquehanna, Pennsylvania.

Cumulus Data says the 1,200-acre complex will be the first of its kind in the United States when it begins hosting bitcoin mining and cloud computing services in the first quarter of 2023.

Bitcoin Mining Goes Nuclear

The 48 megawatt, 300,000 square foot powered shell of the data center is built and multiple fiber routes are operational. The data center is powered by a direct link to the Susquehanna Nuclear Generating Station, which has a capacity of 2.5 gigawatts.

Nuclear energy has the potential to become an important source of electricity for bitcoin mining sector.

By providing stable, carbon-free electricity, nuclear reactors will help sustain the cryptocurrency ecosystem, foster its expansion, and accelerate the widespread adoption of bitcoin assets.

A rendering from 2021 of the data center campus next to the Susquehanna power plant (Image: Linxon/World Nuclear News)

Bitcoin’s mining difficulty jumped 10.26% to a new all-time high of 37.59 trillion on Monday as some US-based mining firms resumed operations after being knocked offline by cyclones of snow.

Globally, cryptocurrency mining requires huge amounts of electricity. According to an analyst, it consumes 77.78 TWh of energy, which is similar to Chile’s energy demand.

Nuclear power plants that are unable to eliminate 100% of their electricity can use excess energy for cryptocurrency mining to help the process of decarbonizing the sector, something environmental activists have long called for.

Bitcoin Mining Center ready to accept tenants

This year, Cumulus Data CEO Alex Hernandez said Susquehanna’s flagship data center site will accept its first subscriber and begin commercial operations.

“We look forward to advancing our goal of solving the energy ‘trilemma’ which we define as growing consumer demand for carbon-free, low-cost, and reliable electricity by data center customers,” Hernandez said.

Talen Energy announced in 2021 a partnership with the American bitcoin mining company TeraWulf to build the Nautilus Cryptomine on the site.

TeraWulf said in a recent update that it is in the early stages of starting its mining process and expects the cryptomine to deliver 50 megawatts of total mining output to TeraWulf in the first quarter of this year.

While it may seem odd to attach a cryptocurrency data center to a nuclear power plant, CO2 emissions and rising electricity costs become extremely important considerations for companies with data center infrastructure. extended data.

Nuclear power plants provide a stable, carbon-free source of energy.

BTC total market cap at $445 trillion on the daily chart | Chart:

Nuclear Power and Bitcoin Mining: A Perfect Pair

The unique value proposition for both sectors is made possible by the confluence of surplus electricity and carbon-free nuclear electricity.

Not only will nuclear reactors develop a new revenue stream by mining cryptocurrency, but they will also help decarbonize an industry and increase bitcoin’s appeal to a large group of institutional investors with environmental, social, and environmental aspirations. and governance.

Vladimir Galabov, Director of Cloud and Data Center Research at Omdia, said:

“Nuclear energy has its place in helping the data center reduce its greenhouse gas emissions.”

At the time of writing, Bitcoin is trading at $23,091up 9.1% over the past seven days, according to data from Coingecko.

Featured image from Cryptoslate

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