In order to avoid abnormal power generation equipment caused by excess power supply, Bitcoin mining farms are often built near the power grid to balance power production. Recently, Agile Energy
Why build Bitcoin mining equipment near the power grid?
Agile Energy According to the Japanese media "Asahi Shimbun", the Japanese government aims to achieve zero carbon emissions by 2050. Agile Energy electricity. The company noted that if just 10% of this was utilized each year, it could generate up to 360 billion yen worth of Bitcoin.
Kenji Tateiwa, President of Agile Energy "
Tokyo Electric Power deploys ahead of schedule! Founding Agile Energy X
The idea for the Agile Energy X project can be traced back to 2022, when TEPCO created Agile Energy X to invest in AI, machine learning, genome analysis, CG rendering, and cryptocurrency mining. The solution is for local renewable energy companies or government departments to purchase surplus electricity for use in decentralized computing. In their blueprint, in addition to revitalizing the local economy and improving the profitability of renewable energy power generation companies, Bitcoin mining can also alleviate grid congestion caused by excess power supply.
Current status of Bitcoin energy consumption
Tateiwa pointed out that the innovation of Agile Energy X is unprecedented in Japan, and if the framework is successful, it will further promote the development of the green energy industry. In fact, Woocharts energy consumption charts back up Mr. Standing Rock's claim. Data shows that 56% of current Bitcoin production comes from renewable energy consumption. Analysts also pointed out that the green energy structure of Bitcoin mining is developing faster than any industry, growing by 6% this year alone.
Source: Woocharts Renewable energy consumption of Bitcoin mining
It can be seen that Bitcoin mining can not only effectively absorb excess energy, but also promote the development of the green energy industry and improve the profitability of energy companies. As Japan's energy policy drives Bitcoin mining and the power industry closer together, Agile Energy
[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.
