French lawmakers have introduced an initiative to use surplus electricity for Bitcoin mining, potentially generating significant revenue and creating jobs.
Goals of the Proposal
The initiative is led by members of the National Rally party and aims to utilize energy that would otherwise be wasted. Lawmakers noted that this proposal could transform wasted electricity into value.
Economic Impact
Estimates suggest that the implementation of this project could generate $100 to $150 million annually. The proposal envisions a three-to-five-year trial supervised by state and local authorities, which should create jobs in regions with renewable energy sources.
Regulation and Technology
Lawmakers emphasize the importance of regulatory oversight and technological innovations for the successful implementation of the project. They reference international examples like Bhutan and Iceland, as well as the experience of the United States, urging France to innovate in utilizing surplus energy.
The proposal for Bitcoin mining using surplus electricity in France opens new economic opportunities and potential benefits for local communities.
