Nuclear-Powered BTC Mining to Start in Ohio in December

by in Cryptocurrency News

Nuclear power bitcoin mining

Power producer and retail energy provider Energy Harbor Corp revealed a cooperation with BTC mining hosting firm Standard Power to build nuclear-powered BTC mining.

The mining processes will start this December. To realize the idea, Standard Power will turn a former paper factory in Ohio city Coshocton into a mining company and use energy from Energy Harbor’s nuclear power plants.

Standard Power's CEO Maxim Serezhin noted the cooperation aims to build a fully carbon-free power-based mining. Bitcoin mining and its impacts on the environment is a much-discussed topic. Different companies have started to find ways of using green energy for mining. There has been created a BTC Mining Council to share practices and develop the network.

The co-founders of the forum are MicroStrategy CEO Michael Saylor, asset management firm Galaxy Digital, blockchain companies Argo, Hive, and BTC mining firm Riot.

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Bitcoin’s price has seen a major decline when Tesla CEO Elon Musk announced in May that the company no longer accepts Bitcoin as a payment method as the mining of the coin causes damage. Later that month China reiterated Bitcoin mining crackdown.

Currently, BTC trades at around $32.870, about 49% down from its all-time high of $64.800 reached in April 14.