Daily Poll: Perfectly matched, Bitcoin Miners and Nuclear Power.

The rise of vast mining operations has fueled criticism from environmentalists and others that growing use of fossil-fuel electricity for cryptocurrency could waste resources and worsen climate change. A tweet from $Tesla(TSLA.US)$ . Chief Executive Elon Musk expressing concern over the environmental impact of mining operations briefly caused $Bitcoin(BTC.CC)$ prices to fall in May.

Nuclear power, meanwhile, has lost public favor in the wake of accidents such as Japan’s 2011 Fukushima disaster and has struggled to compete economically in the U.S.

Bitcoin miners, under fire for their sizable environmental footprint, are forging partnerships with owners of struggling nuclear-power plants with electricity to spare.
The matchups have the potential to solve key issues facing each industry, executives and analysts say: Electricity-hungry bitcoin miners want stable and carbon-free power, while nuclear plants facing competition from cheaper power sources need new customers.
Talen Energy Corp. has entered into a joint venture with bitcoin-mining company TeraWulf. Nuclear generator Energy Harbor Corp. will provide power to a Standard Power mining center.

“Both industry’s challenges are the other industry’s positives,” said Sean Lawrie, partner at consulting firm ScottMadden Inc.

Any comment on the nuclear industry and crypto mining? They are both full of potential and a little bit of controversy in the meanwhile. 

Source:
Bitcoin Miners Eye Nuclear Power as Environmental Criticism Mounts