Bitcoin mining to boost UK’s renewable energy grid

A UK-based Bitcoin organization is advocating to the new Labour government to implement a Bitcoin mining-based strategy to combat a growing problem of local electricity demand.

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The mining of Bitcoin offers numerous potential use cases beyond maintaining network security and integrity, such as utilizing GPUs to power machine learning and large gaming setups.

One United Kingdom Bitcoin organization — Bitcoin Policy UK — is advocating for its use to support sustainable grids and renewable electricity generation.

A report released by the organization on July 10 suggested that the Bitcoin mining industry, which is a major purchaser of electricity, could be a key to making the intermittent supply of power from renewable grids both “robust and viable.” 

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