The last type of carbon-free energy becoming more and more popular is nuclear fission or nuclear-powered cryptocurrency mining. The mining company Compass Mining has signed a long-term deal with a nuclear energy producer from Ohio, USA. The cooperation entails that Compass Mining will be supplied with 150 megawatts of energy.
Several small nuclear reactors will be built for just a portion of the price that the mining company pays to receive electrical energy today. That could just be a start for a greater shift towards nuclear energy sources. Similar deals are already being considered in Miami and Pennsylvania.
There is great potential in this partnership because nuclear fission is one of the cheapest carbon-free energy sources. Building the mini-reactors is the most expensive part of the venture, though. Nevertheless, if the agreement is implemented as initially anticipated, the first reactors could be ready sometime in 2023 or 2024.
For many years, the Bitcoin mining industry has been dominated by coal and fossil fuels. But, unfortunately, the CO2 emissions generated by mining ventures have become a concern for environmentalists from all over the world. That’s why it’s not surprising that more and more companies are moving towards renewable energy.