Why crypto mining needs nuclear power – CoinDesk

Intentional collaboration with nuclear power could lower the cost of electricity for crypto-mining operations. The cost of generating electricity is only a small fraction of the total, with various taxes, freight charges, and delivery charges making up the rest. Although nuclear power does not offer the lowest cost of generating electricity, crypto mining would take full advantage of its reliability, energy density, and geographic flexibility. Crypto-mining farms that use nuclear power, either in colocation with existing plants or by owning their own plants, would pay less for their carbon-free electricity than they would if they bought electricity. carbon-intensive network.



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