It is well known that bitcoin mining is energy intensive and more energy is needed to mine the remaining bitcoins left to mine. It has been a major concern for environmentalists who have not seen with good eyes that carbon emissions are the result of bitcoin mining.

Back in August, the Talen Energy Corporation (a company specialized in nuclear energy) entered a joint venture with TeraWulf Mining Inc (a US-based bitcoin mining company) in order to develop up to 300 Megawatts of zero-carbon bitcoin mining capacity see article.

My personal opinion is that this kind of partnership is a brilliant idea. It allows the a use for the spare energy capacity of nuclear plants, it calms down environmentalists with the claim of zero carbon emissions and it gives a boost to the uranium price with the subsequent development of extraction projects all around the world. Although, nuclear energy is not necessarily green many people are satisfied with not seen direct burning of fossil fuels.

This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.

Posted Using LeoFinance ^Beta