In Switzerland, the canton of Bern will conduct a study to find out whether or not it is appropriate to engage in Bitcoin (BTC) mining. What points will be studied?
The canton of Bern will study the possibility of launching Bitcoin mining
While Bitcoin (BTC) mining is still regularly singled out as a supposed environmental disaster, its defenders demonstrate, on the contrary, that it can be an unprecedented opportunity to accelerate the ecological transition. To try to answer this problem, the canton of Bern, in Switzerland, will carry out its investigation to determine whether or not to engage in mining.
Indeed, the project was pushed last March by the “Bitcoin Parliamentary Group”, made up of members of different political parties. The objective was to encourage the Canton's Executive Council to study 3 major questions:
The Executive Council is responsible for publishing an analysis report on the potential that bitcoin mining could offer for the canton of Bern. The report must above all show where, in the canton of Bern, energy remains unused during the production of electricity; how this unused energy could be allocated to bitcoin mining […] ; if and how bitcoin mining can help stabilize the electricity grid.
💡 How to buy Bitcoin (BTC)?
This week, a vote validated this proposal, by an overwhelming majority of 85 votes to 48, as reported by parliamentarian Samuel Kullmann on X:
Correction: the 46 no votes were on request 1, request 2&3 had 48 no votes. Sorry about that.
— Samuel Kullmann (@samuelkullmann) November 28, 2024
If a mining project at the cantonal level were to materialize, we could then have a new case study to demonstrate how Bitcoin can optimize the stability of an electrical network. In this regard, we will be able to see the results of the future report, and how they will be understood.
👉 Also in the news — Mining and trading: new crypto tax framework adopted in Russia
For its part, the price of BTC is $86,800 at the time of writing, up slightly by 0.4% over the last 24 hours.
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Source: Parliamentary proposal
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Since 2021, I have devoted my free time to seriously educating myself on cryptocurrencies in order to acquire maximum knowledge and credibility. I often have the opportunity to conduct interviews with influential figures in the blockchain industry. I also conduct in-depth analyzes on Web3 themes to offer exclusive content to Cryptoast readers.
Vincent Maire
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