France Plans Using Surplus Electricity for Bitcoin Mining, Earn $150 Million in Revenue

French lawmakers have proposed using the country’s surplus electricity to power Bitcoin mining The plan aims to solve energy grid imbalances and could generate up to $150 million in annual revenue The innovative proposal also includes using waste heat from miners for industrial and agricultural purposes In a bid to tackle recurring grid imbalances, French lawmakers have introduced a new legislative proposal to test the use of surplus electricity for Bitcoin mining. The five-year experimental program , which was submitted to the National Assembly on July 11, aims to turn excess power that is often wasted, into a new source of economic value through regulated Bitcoin mining. The Problem: Wasted Energy and a Stressed Grid France’s energy producers, especially those reliant on nuclear and renewable sources, have long faced challenges with overproduction. During periods of low demand or high renewable energy output (e.g., on windy or sunny days), regulatory requirements often force the country’s nuclear facilities to reduce their output. This process places additional stress on the plant infrastructure and means valuable, clean energy is either wasted or… The post France Plans Using Surplus Electricity for Bitcoin Mining, Earn $150 Million in Revenue appeared first on Coin Edition .

Source: Coin Edition