Ukraine considers building a bitcoin mining center based on nuclear power

Ukraine considers building a bitcoin mining center based on nuclear power
HeadlinesNewsUkraine considers building a bitcoin mining center based on nuclear power

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Ukraine considers building a bitcoin mining center based on nuclear power

The Block2 months ago
Published on February 03, 2021 09:30 GMT+0edited on February 03, 2021 09:59 GMT+0

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Ukraine's Ministry of Energy is considering building a bitcoin mining center to utilize the country's excess nuclear power.

Officials of the ministry held a discussion last week with Yevhen Vladimirov — Ukraine's deputy energy minister for digital development, Energoatom — the country's state-owned nuclear energy company, and Hotmine — Ukraine's bitcoin mining machines manufacturer to move the proposal forward.

Vladimirov said the crypto mining center would help use Ukraine's nuclear power, increase Energoatom's profits, and help grow the government's tax kitty.

"The idea of ​​creating a data center based on a nuclear power plant, of course, deserves attention because the Ukrainian UES [unified energy system] has unused base capacity," said Vladimirov. "The constant load on nuclear …