The French lawmakers have A new proposal To convert the surplus electricity into an economic value through bitcoin mining. The draft law, which was presented on July 11, determines a five-year experimental program that allows energy producers to use excessive energy-especially from nuclear and renewable sources-for mining currency.
The initiative is designed to address France’s repeated issue of excessive production. Currently, electricity producers often have to sell the surplus power with a loss due to the limited storage capabilities. “Electricity producers are often forced to sell excessive production at a loss due to a lack of storage, which constitutes” an economic loss and an unacceptable energy loss. ”
By redirecting this energy towards bitcoin mining, legislators believe that France can improve the stability of the network, reduce pressure on the infrastructure of the nuclear plant, and enhance national revenues. The draft law argues that reducing the need to amend nuclear power plants based on renewable production will maintain infrastructure and improve long -term efficiency.
The proposal said: “By developing a French mining sector with a controlled and carbon -free electrical mix, France can create itself as a major player in the ecosystem for encryption.”
The plan includes building data centers near energy production sites, especially in abandoned factories or other unexploited facilities. This would avoid putting pressure on the current energy infrastructure while bringing a new life to asleep industrial areas.
The suggestion concluded that “in short, bitcoin mining is an innovative use, able to convert a problem (unused surplus) into an economic opportunity.”
Quoted from data from the Digital Asset Development Association (ADAN), lawmakers can allocate only Gigawatt from the mining surplus surplus may generate between $ 100 million and 150 million dollars of annual revenue.
Besides financial returns, the proposal highlights a benefit often overcome: waste temperature. “Another feature of bitcoin mining is heat production, which is generally considered waste, which can be recovered.” “In fact, computers are mined a large heat, which can be captured through thermal exchanges of thermal buildings, greenhouse codes, or strong industrial processes.”
The legislators concluded that this approach, which is already used in Iceland, Norway and Sweden, explains the technical feasibility and potential environmental benefits of the strategy.
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