Eco-friendly Bitcoin mining to run on nuclear power in Ohio

Standard Power, a bitcoin-mining infrastructure provider, has signed a five-year partnership with Energy Harbour to supply a data centre in Ohio (USA) with carbon-free electricity from its nuclear plant.

Standard Power is proud to announce our partnership with Energy Harbor that provides us with clean, reliable and carbon-free power.https://t.co/LGxfrL41E0#btc #btcmining #esg #carbonfree #bitcoin #ohio #blockchain #bitcoinmining #bitcoin #standardpower
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— Standard Power (@StandardPower1) July 12, 2021

Mining at the redeveloped former paper mill in the town of Coshocton will begin in December 2021. The refurbishment will turn the derelict facility into a “state-of-the-art production” and create jobs.

Under the agreement, Standard Power pledged to halt operations entirely as needed to ensure electricity supplies to Ohio residents.

The firm provides infrastructure services for mining companies with a total installed capacity of more than 1,000 MW.

“We chose Ohio because of low electricity costs and the availability of its carbon-free sources. By working with Energy Harbor, we structured our hosting capabilities in advance to ensure that 100% of the electricity for this facility is not linked to carbon emissions,” said Maxim Serezin, CEO of Standard Power.

The environmental impact of cryptocurrency mining, which consumes a substantial amount of electricity, drew public attention after the electric-car maker Tesla stopped accepting payments in bitcoin because of the use of fossil-fuel energy to power its mining.

Musk later said that Tesla will resume sales for the first cryptocurrency when it receives confirmation that at least half of miners use renewable energy.

BTC.TOP founder Jiang Zhuer replied to him, that as a result of the crackdown on mining by Chinese authorities more than half of Bitcoin’s hashrate is now generated on the basis of green energy.

The Bitcoin Mining Council (BMC), founded by American miners organization Bitcoin Mining Council (BMC) in its first report concluded that the share of renewable energy in the global Bitcoin mining industry stood at 56%.

In the community the study was criticised, questioning its objectivity and noting that the result, “by a strange coincidence,” aligns with Musk’s condition.

Earlier plans to channel excess electricity from nuclear power plants into mining were voiced in Ukraine.