Renewable Energy and Bitcoin Mining: Applicable Regulations, Utilizing Renewable Resources, Key Issues for Counsel

Description

Bitcoin mining demands a significant amount of energy consumption, making the use of renewable energy resources essential for these projects. Energy counsel and developers intending to incorporate renewable energy resources with Bitcoin mining must understand the applicable laws, regulatory challenges, and other key factors related to mining development and operations.

Cryptomining systems are developed for the purpose of solving complex formulas which allows them to validate transactions and new entries on the blockchain. However, these systems are often developed as large data farms consuming significant amounts of energy which increases the carbon footprint of utilities.

As the demand for cryptocurrency technology and applications increases, the use of renewable energy resources to stabilize electric grids is becoming an integral component of cryptomining development. Energy counsel and developers must identify all applicable rules and regulations for combining cryptomining and renewables and methods to use these systems as an energy resource.

Listen as our panel discusses federal and state regulatory challenges, cryptomining and utilizing renewable resources, siting and permitting considerations, and other key issues.