Could nuclear energy power bitcoin?

Indeed, Elon Musk, who has been critical of Bitcoin’s energy use, recently suggested nuclear could be a viable alternative power source for bitcoin mining. Here’s a look at the early signs of interest in nuclear energy powering Bitcoin and whether or not the trend is likely to have much potential for the future.

What is the first nuclear-powered bitcoin mine in the US?

The center's completion, which was announced last week by Cumulus Data, sets it up to be the first nuclear-powered bitcoin mine in the US. It means that any bitcoin mined through the center will emit next to no carbon. Mining bitcoin requires enormous amounts of energy.

Is a nuclear-powered bitcoin mine coming to Coshocton?

Two companies in Ohio are pioneering a project that will bring a nuclear-powered mining center to Coshocton, Ohio. Standard Power, an infrastructure and hosting provider, is converting an abandoned paper mill into a state-of-the-art nuclear powered bitcoin mine.

How does mining bitcoin work?

Mining bitcoin requires enormous amounts of energy. Computers around the world race to solve complicated cryptographic puzzles, with the first to do so being rewarded with new bitcoin. The more computational power at your disposal, the greater your odds of solving the problem first.