BTC
The role of bitcoin mining in the energy industry
Bitcoin mining requires a significant amount of energy to power the specialized computer equipment needed to solve complex mathematical problems that validate transactions on the blockchain. As such, it has become a topic of interest for the energy industry.
On one hand, the energy industry could benefit from the demand for energy created by bitcoin mining. For example, renewable energy sources such as wind and solar could potentially provide a reliable and sustainable source of energy for mining operations. In areas with excess energy production, bitcoin mining could also help to mitigate the need for energy storage, by using the excess energy to power mining operations.
Currently achievable revenue from mining
0
EUR / MWh
0
USD / MWh
Step-by-step process of the power to Bitcoin conversion
The high-consumption data center is connected to the power source directly.
The data center uses considerable electricity to create computing capacity.
Computing capacity is sold on the market.