Standard Power will use nuclear energy to mine bitcoins – Bits Media

Energy Harbor Corp, generating energy from nuclear and fossil fuels, entered into a partnership with Standard Power for mining bitcoins in the US state of Ohio.

Standard Power provides services for the placement of equipment for mining cryptocurrencies. Since December this year, electricity from nuclear power plants Energy Harbor will be used to power ASIC miners.

“Thanks to our partnership with Energy Harbor, we have structured the power supply of the equipment in our hosting, to guarantee, what 100% energy consumption does not lead to carbon dioxide emissions ", - said the CEO of Standard Power Maxim Serezhin.

Nuclear power really doesn't generate greenhouse gas emissions, since no fuel is burned, a is used to heat water and rotate steam turbines. Wherein, nuclear power is rarely used to mine bitcoin.

Last year it was reported, that at nuclear power plants in Ukraine, Bitcoin mining can be launched to use excess energy, however, since then there has been no information on this issue.

Interesting, that using energy for mining bitcoin is much more profitable, than to sell it. A small hydropower plant in Mechaniqueville reported, that mining bitcoins is three times more profitable, how to sell energy.