Boost

2024

United

Bitcoin

<h4><strong>Recently, lawmakers in the country decided to study Bitcoin mining and see how it could help their energy system. </strong></h4> 
<p>They passed a law to research Bitcoin mining at the Canton level. In <a href="https://www.altcoinbuzz.io/?s=Switzerland" target="_blank" rel="noopener">Switzerland</a>, Cantons are like states in the United States.</p> 
<h5><strong>Why is Switzerland Interested?</strong></h5> 
<p>What’s all the fuss about Bitcoin mining? Mining is how new Bitcoin is created and how transactions are checked for accuracy. It requires a lot of computers and energy to do this work. Some people worry it uses too much electricity, but Switzerland is flipping the script to explore its benefits.</p> 
<p>Switzerland’s lawmakers think Bitcoin mining could be a game-changer for their energy grid. Energy grids help bring electricity to homes, schools, and businesses. Sometimes, they have too much power, and other times, not enough. This is where Bitcoin mining could come in handy.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">Lawmakers in Switzerland passed legislation to study Bitcoin mining at the Canton level (similar to state level in the USA).</p> 
 <p>A testament to working from the bottom up. Proud to endorse this effort in Switzerland. I look forward to continuing to support efforts in Europe. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f91d.png" alt="🤝" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1e8-1f1ed.png" alt="🇨🇭" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/c2lcWu1GPc">pic.twitter.com/c2lcWu1GPc</a></p> 
 <p>— Dennis Porter (@Dennis_Porter_) <a href="https://twitter.com/Dennis_Porter_/status/1862228920093089970?ref_src=twsrc%5Etfw">November 28, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Bitcoin mining can use extra energy that might otherwise go to waste. For example, if a power plant makes more electricity than people need, miners can use that surplus. This helps the grid stay balanced. In turn, when there’s a lot of power demand, miners can pause their work to free up energy for everyone else.</p> 
<h5><strong>Wasted Energy to the Rescue</strong></h5> 
<p>Another reason Switzerland is digging deeper into this idea is wasted energy. Think about how water spills over a dam if the reservoir gets too full. That extra water, like unused energy, doesn’t serve much purpose. Bitcoin mining can act like a bucket, catching this overflow and putting it to work.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">With a clear verdict of 85 to 46 votes the parliament of <a href="https://twitter.com/kanton_bern?ref_src=twsrc%5Etfw">@kanton_bern</a> demands a report on the potential of <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> mining to stabilize our <a href="https://twitter.com/hashtag/energygrid?src=hash&amp;ref_src=twsrc%5Etfw">#energygrid</a> and the use of otherwise wasted <a href="https://twitter.com/hashtag/energy?src=hash&amp;ref_src=twsrc%5Etfw">#energy</a>.<br> The proposal was co-sponsored by <a href="https://twitter.com/simonryser?ref_src=twsrc%5Etfw">@simonryser</a> (Green Liberal Party), <a href="https://twitter.com/KorabRashiti1?ref_src=twsrc%5Etfw">@KorabRashiti1</a>… <a href="https://t.co/WnTNzNdPi4">pic.twitter.com/WnTNzNdPi4</a></p> 
 <p>— Samuel Kullmann (@samuelkullmann) <a href="https://twitter.com/samuelkullmann/status/1862080796569309352?ref_src=twsrc%5Etfw">November 28, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>By studying how this works at the Canton level, Switzerland can test the waters before rolling it out nationwide. Each Canton can try different methods and see what works best.</p> 
<h5><strong>The Bigger Picture</strong></h5> 
<p>Switzerland isn’t the only country interested in this. Other places, like <a href="https://www.altcoinbuzz.io/?s=texas" target="_blank" rel="noopener">Texas</a> in the United States, are also exploring how Bitcoin mining can help balance energy grids. By diving into this research, Switzerland is hoping to learn how technology can make life better for its people.</p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1.jpg"></a></p> 
<div class="youtube-embed" data-video_id="r_Tc8zVk2x4">
 <iframe title="Cardano to $10? ADA Poised To make a Massive Crypto Comeback for 2025" width="696" height="392" src="https://www.youtube.com/embed/r_Tc8zVk2x4?feature=oembed&amp;enablejsapi=1" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div> 
<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/switzerland-explores-bitcoin-mining-to-boost-energy-efficiency/">Switzerland Explores Bitcoin Mining to Boost Energy Efficiency</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Switzerland Explores Bitcoin Mining to Boost Energy Efficiency

Altcoin Buzz

Other articles published on Nov 29, 2024

21Shares Introduces Four New ETPs for Pyth, Ondo, Render, and Near

21Shares Expands Portfolio with 4 New ETPs Targeting Blockchain Innovation

MEXC Will Participate in VTIS 2024, Strengthening Its Presence in the Vietnamese Market and Deepe...

Analyst Shares Top 10 Low-Cap Altcoins That Could 100x This Bull Cycle as Altseason Seems to Have...

XRP Is a Buy at This Support Level, According to Experts—Yet Bullish Alternatives Are Drawing Att...

Solana Memecoin Santa Trump to Skyrocket 15,000% Ahead of Exchange Listing, As Dogecoin and PEPE ...

Join our free newsletter for daily crypto updates!