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France’s bold move to utilize surplus energy for Bitcoin mining has sparked significant interest in the crypto community. The country is proposing a five-year trial program aimed at optimizing its energy grid while exploring new avenues for economic growth through the blockchain ecosystem.
According to reports, lawmakers have formally submitted the proposal on July 11th, with a primary focus on utilizing controlled and carbon-free electricity from nuclear and renewable sources. This development emphasizes that mining operations could play a constructive role in stabilizing the national grid during periods of energy overproduction.
To execute this plan, the government intends to establish data centers near power generation sites, such as old factories or industrial zones, to effectively tap into surplus electricity for mining purposes. It is claimed that these decentralized infrastructure facilities will keep demand localized and manageable, thus avoiding any strain on the broader energy grid.
The legislation suggests that allocating a mere one gigawatt of power to mining could potentially generate between $100 million and $150 million annually. This revenue would allow energy producers to secure new monetization paths and possibly position France as a competitive player in the broader crypto market.
Moreover, the proposal highlights the potential to redirect waste heat generated by mining hardware through heat exchangers and redirect it for practical usage such as heating residential buildings, greenhouses, or supporting industrial processes.
Source: bitcoinist.com
