Why the UK Can’t Mine Bitcoin With Excess Energy
Reading Time: 2 minutesThe UK government is set to pay energy suppliers £1 billion to prevent them from operating wind farms This has led to the question: why can’t they mine bitcoins? The answer is both technical and regulatory It was revealed yesterday that the UK is producing so much electricity that the government is set to pay producers a record £1 billion ($1.26 billion) in 2024 to turn off wind farms…
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