Yesterday, on April 20th, 2023, the first official onsite bitcoin mining operation of a functioning nuclear reactor was announced. This is big. Much bigger than the majority likely realize.
For the last few years now bitcoin miners and engineers have argued that bitcoin mining operations provide a load-balancing relationship that has benefits on the orders of magnitudes to society and energy industries broader. Texas & North Dakota have both provided an effective test-bed for wind, solar, and flare mitigation strategies. One that I have personally been waiting for, with bated-breath, is the penetration of the nuclear discussion.
The reason I’ve been on the edge of my seat waiting for this is that nuclear reactors are a form of energy generation that is designed to provide the most reliable form of electricity, with the greatest potency, and the smallest environmental impact while also taking up the least amount of space. Yet, the sector goes on being aggressively misunderstood and discriminated against in policy (and by relation public opinion) thanks to unaddressed falsehoods and inconsistencies. Especially for those in Germany, where 3 of the last 6 nuclear reactors were shut down earlier this week.
Meanwhile we have utter nonsense arguing for the lesser-efficient sources, suggesting that the solution is by using more of the inefficient means rather than use the most efficient means that we already know how to do, and do well.
What the announcement by TeraWulf marks is a shifting of the tides. With real world examples of the effectiveness of consuming excess & wasted energy generation, while also providing load balancing, we are finally turning towards an era of true energy abundance. Now, it’s important for the reader to understand that reaching this outcome will take years, decades. BUT, the foundation is now being built.
TeraWulf has dedicated 50MW of power from their 2.5GW nuclear reactor, with the potential for doubling that to 100MW. TeraWulf will be playing a major role in showcasing the true power of bitcoin mining and it’s impact on modern society. Providing an additional stream of income for power generation that also allows these projects to do their jobs better, AND maintain a greater level of Operational Readiness while also monetizing their potential uptime outside of peak demand hours is going to quite literally melt faces.
We are witnessing literal history my friends. Revel in it, and maybe consider getting on the right side of it?
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