The study of the issue was initiated by a bipartisan group of experts, the Parliamentary Group Bitcoin (PGB). The group members argue that the development of mining will allow the canton of Bern not only to gain economic and technological advantages, but also to reduce losses from the inefficient use of renewable energy sources.
“Renewable energy production varies with weather conditions and is difficult to increase or decrease to balance the grid. At the same time, the capacity of mining companies can be scaled in real time, which will be an economically feasible solution for networks with variable load,” PGB said.
The group noted that electricity production in the canton of Bern exceeds the local needs of companies and households, which creates the preconditions for concluding partnership agreements with Swiss mining companies to consume the resulting surplus electricity.
PGB members see mining as the best way to attract investment, create jobs and unlock the untapped potential of renewable energy sources, where cryptocurrency mining can balance power grids, especially during periods of fluctuating energy supplies.
The initiative, put forward by the cross-party parliamentary group PGB, was adopted by the Great Council of the Canton of Bern with a majority vote.
Earlier, residents of the small Norwegian town of Stokmarknes achieved the cessation of the activities of a large mining farm of the KryptoVault company on the island of Hadsel. However, the closure of the data center resulted in a 20% increase in the cost of their utility bills.
Source: Bits
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