Are you using too much energy? Hold my uranium dioxide!
The growing carbon footprint of cryptocurrencies, of which only Bitcoin currently produces an annual carbon footprint of about 79.04 Mt CO2, roughly the use of Oman, and somewhere around Poland’s annual use of 166.40 TWh has been in the news lately, not to mention electronic waste formed by burnt components. In addition, China has completed a ban on cryptocurrencies of all flavors, which has had a major impact on the market; not to mention that the market is so illogical that a hamster can make better money on it than those considered experts in the field.
With all of these reasons suggesting that cryptocurrency mining may not be a good idea, of course the market is doubling in finding a way to try to grind out money instead of giving up. Taking the page from Alberta, they are looking for nuclear energy to reduce the carbon footprint of the dirty industry. This is not to say that nuclear energy is inherently bad, it is indeed one of the most carbon sources currently available to us. However, if you are talking to someone in an area where brown outlets are common, they would probably suggest a different use of the energy generated by the new nuclear power plants.
Unfortunately, they will have to continue to stock up on batteries and candles, as Talen Energy Corp. will build a new nuclear power plan for BWP in Pennsylvania specifically to power TeraWulf Inc. Bitcoin mining operations, and Oklo Inc. will build a breeding reactor in Idaho to power hardware and hosting company Compass Mining over the next two decades.
These are just the first two examples of what our future of nuclear-powered cryptocurrencies looks like, because even with all these challenges, it is unlikely that people will soon willingly give up mining.
Friendly communicator. Music maven. Explorer. Pop culture trailblazer. Social media practitioner.