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France is considering a groundbreaking initiative that has the potential to revolutionize its energy sector and the world of cryptocurrency. The proposal involves utilizing surplus nuclear power from plants like Flamanville to mine Bitcoin.
As per the French National Rally party, Rassemblement National (RN), this five-year pilot program aims to generate revenue worth $100-150 million annually. This plan could also contribute to stabilizing the power grid by acting as a buffer during periods of oversupply, when electricity prices can turn negative. Furthermore, the heat generated by mining operations could be reused to warm homes, greenhouses, or public swimming pools, an innovative concept already used in Scandinavia.
While this idea seems like a win-win situation for France, environmental groups are not convinced. They argue that even with nuclear power, cryptocurrency mining still consumes significant amounts of energy and should not be encouraged. Politically, the bill faces numerous challenges as a similar proposal was rejected in June due to parliamentary rules. The RN will need substantial support to push this plan through.
The outcome of this initiative would have far-reaching implications. If successful, France could become the first European country to officially combine nuclear energy and Bitcoin mining. This achievement would not only strengthen its position within the global cryptocurrency market but also serve as an example for other nations exploring ways to monetize surplus renewable or nuclear energy.
Source: coinpedia.org
