FT Tech

Bitcoin mines could be used for energy storage

Bitcoin mining is extremely energy intensive, and bitcoin bashers have labelled the digital currency a climate villain. But as the FT’s Scott Chipolina reports, one novel strategy being looked at is using the mining as a form of energy storage, by converting stranded renewable energy into bitcoin.

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FT Tech is a video channel exploring emerging technologies in sectors from financial services, retail and utilities to energy, manufacturing, telecoms and healthcare. The channel combines independent reporting by FT journalists with expert insights from next generation digital service provider, Infosys.