Fred Til: Regulators should stimulate miners on the use of "green" energy – Bits Media

The General Director of the Marathon Digital mining company Fred Til counts, that the transition of miners of bitcoin to renewable energy sources depends on regulatory rewards.

Fred Til (Fred Thiel) stated, that it is Marathon Digital that can be perceived as an exemplary Mining company:

“Unlike other miners, who simply take energy from the network, competing with other consumers, We always follow the counter. This is more like a symbiosis with an energy network, rather than parasitization ".

Til did not fail to emphasize, that Marathon tries to maximize the share of the energy consumed from renewable energy sources. So, Earlier, the company announced plans to move the power from Montana to the location with an excess of "green" energy. CEO of Marathon also noted the possibility of mining bitcoin, using concomitant gas in oil production.

“If you give miners the incentive to be placed next to renewable energy sources, then miners will move to such locations ", - Til believes.

Note, that according to the White House report, The total energy consumption by miners of cryptocurrencies in the United States is 50 billion kW*h per year. Analysts emphasize, that the placement of miners in the States with an excess of "green" energy allows you to stimulate the construction of such power plants, However, the development of electricity delivery networks remains a problem.