French lawmakers continue to advocate for using surplus electricity for Bitcoin mining. A new bill aims to organize experimental cryptocurrency mining.
Crypto Mining Bill in France
A bill allowing the use of surplus electricity for cryptocurrency mining has been introduced in the National Assembly of France. The goal of the legislation is to utilize excess energy generated from renewable sources to support the cryptocurrency industry and create new jobs.
Opportunities and Challenges
The bill's sponsors argue that the surplus energy can be used for crypto mining, which requires significant amounts of electricity. They propose conducting a three-year experiment during which electricity producers can sell their excess energy to cryptocurrency mining farms. Participants would be required to use energy-efficient hardware and minimize their carbon footprint.
Political Debates Surrounding the Bill
The proposal has received mixed reactions, welcomed by crypto industry players but met with concern from some environmental organizations about potential excessive energy consumption. The French government plans to study the proposal, emphasizing the need for innovative solutions to manage electricity surpluses.
The discussions surrounding the cryptocurrency mining bill in France highlight the need for more forward-thinking and pragmatic approaches to utilizing surplus energy, which could lead to new opportunities for the local economy.
