Bitcoin Mining & Energy
Bitcoin mining can reduce greenhouse gas emissions, assisting the UK government’s sustainability and net-zero ambitions.
Bitcoin can also drive positive economic outcomes across the economy by generating additional revenue for UK businesses, lowering energy costs for households, stabilising energy grids, and harnessing stranded energy.
Bitcoin mining is a solution that benefits everyone.
UK's Green Energy Revolution
The UK government is aiming for net-zero greenhouse gas emissions by 2050, focusing on reducing fossil fuel dependence and transitioning to a predominantly renewable grid mix. However, renewable energy sources often rely on intermittent supply such as sunlight and wind, requiring a flexible demand mechanism to stabilise the grid and support economically viable infrastructure in the UK.
Bitcoin mining serves as an adaptable, instantly interruptible energy consumer, independent of location. It can bolster the profitability of sustainable energy projects, facilitating the UK’s renewable energy expansion and grid stability.
The Opportunity
The UK will have an abundance of renewable energy in time, and has the potential to become a leader in Bitcoin mining.
The benefits of Bitcoin mining in the UK would accelerate the development of the renewables industry and lead to the creation of new job opportunities in an entirely new industry and ultimately bring in additional revenue to the economy.
Bitcoin Policy UK aims to make this a reality by advocating for sensible regulation, working with energy producers, and educating regulators and the public.
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