Theus on Nostr: Another energy company did the (simple) math and concluded that it makes sense to ...
Another energy company did the (simple) math and concluded that it makes sense to mine Bitcoin using energy that would otherwise be wasted.
Agile Energy X in Japan started using renewable energy, which would normally be discarded, to mine Bitcoin. When there’s an energy surplus (like on sunny days for solar farms), instead of wasting it, that energy is channeled into mining. Not only does this prevent waste, but it also promotes the use of more renewable sources.
A recent study by Asahi Shimbun revealed that, in 2023 alone, 1,920 gigawatt-hours of energy were wasted in Japan—equivalent to the annual consumption of 450,000 households.
And as we continue transitioning to renewable energy sources (solar and wind), this waste is likely to increase. Solar energy, for example, isn't generated at night, and wind energy production depends on weather conditions. With the growth of renewable sources, projections suggest that up to 240,000 gigawatt-hours could be wasted.
This is where Bitcoin mining comes in as a strategic solution: it captures that surplus energy, which would otherwise go unused. Beyond preventing waste, this approach could help ease the transition to a more sustainable energy grid.
If the future is renewable, we need smart solutions to prevent waste. And Bitcoin mining could be one of the enablers of this transformation.
Agile Energy X in Japan started using renewable energy, which would normally be discarded, to mine Bitcoin. When there’s an energy surplus (like on sunny days for solar farms), instead of wasting it, that energy is channeled into mining. Not only does this prevent waste, but it also promotes the use of more renewable sources.
A recent study by Asahi Shimbun revealed that, in 2023 alone, 1,920 gigawatt-hours of energy were wasted in Japan—equivalent to the annual consumption of 450,000 households.
And as we continue transitioning to renewable energy sources (solar and wind), this waste is likely to increase. Solar energy, for example, isn't generated at night, and wind energy production depends on weather conditions. With the growth of renewable sources, projections suggest that up to 240,000 gigawatt-hours could be wasted.
This is where Bitcoin mining comes in as a strategic solution: it captures that surplus energy, which would otherwise go unused. Beyond preventing waste, this approach could help ease the transition to a more sustainable energy grid.
If the future is renewable, we need smart solutions to prevent waste. And Bitcoin mining could be one of the enablers of this transformation.