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Mining Mutualism: Renewable Energy and Crypto Mining

From blockworks.co

The proliferation of renewable energy presents opportunities for cheap and sustainable power. However, numerous obstacles, including intermittency, energy storage, and grid interconnection currently jeopardize the widespread or exclusive adoption of these cheap energy resources that are now below the prices of traditional fossil fuels. While cryptocurrency mining is often seen as a scapegoat for rising energy usage, it has the potential to boost energy project feasibility, increase electricity access and power energy intensive cryptocurrency networks with renewable power. Over the past decade, the landscape of ... (full story)

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  • Category: Fundamental Analysis