Bitcoin Policy Institute recommends using Scotland's surplus wind power for mining
Deep Tide TechFlow news, on November 14, according to CoinDesk, a report from the Bitcoin Policy Institute (BPI) suggests that the UK use Bitcoin mining to consume surplus wind power in Scotland, reducing the curtailment fees paid to wind farms. The report points out that the development speed of wind power in Scotland exceeds the speed of infrastructure construction for transmission to England. As a result, grid operators pay curtailment fees to wind farms and require gas power plants in other regions to increase production. The report recommends that the UK Department for Energy Security and Net Zero and the National Grid System Operator assess the feasibility of deploying mining farms behind transmission bottlenecks. The report states that the UK pays over £1 billion (approximately $1.32 billion) annually in wind power curtailment fees, but this figure does not equal the amount that mining can save. Specific projects still need to calculate consumer savings, emissions, and infrastructure costs.
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