{
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Bern Canton Approves Study on Bitcoin Mining and Energy Grid Impact

The Canton of Bern has passed a bill to study the impact of Bitcoin mining on the local power grid, receiving 85 votes in favor. The initiative, led by MP Samuel Kullmann, aims to explore how mining can utilize surplus electricity and stabilize energy supply, despite concerns from the Executive Council about competition for resources and regulatory challenges. This move positions Switzerland as a crypto-friendly nation, reflecting a growing interest in innovative energy solutions.
Blockonomi
DEU CHE BTN SLV Samuel Kullmann Dennis Porter Julian Liniger Show more
Crypto, Market Report
11:45 29.11.2024

Bern canton explores Bitcoin mining to stabilize energy grid and utilize surplus

The canton of Bern has passed legislation to explore Bitcoin mining as a means to utilize surplus electricity and stabilize the energy grid. Lawmakers have tasked the Executive Council with preparing a report on potential partnerships with local Bitcoin mining companies, despite concerns about competition for renewable energy and regulatory issues. Advocates argue that Bitcoin mining could drive economic growth and enhance the use of renewable resources, while the council remains cautious about the implications of such initiatives.
CryptoSlate
Relai CHE Samuel Kullmann Dennis Porter Julian Liniger Show more
Crypto, News Article
22:00 28.11.2024
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