UK advocacy group urges new government to strengthen the country's renewable energy grid using Bitcoin mining
ChainCatcher news, according to Bitcoin News, the UK advocacy group "Bitcoin Policy UK" urges the new government to leverage Bitcoin mining to strengthen the country's renewable energy grid.
"Bitcoin mining is the only technology that can provide fully elastic demand for surplus renewable energy; it sets a 'floor price' and monetizes the supply, which would otherwise go unused or even be reduced to cost price."
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