After the Japanese TEPCO, it is the turn of the Texan nuclear energy company Talen Energy to participate in securing the Bitcoin network in partnership with TeraWulf.
nuclear mining
The energy company Talen Energy has teamed up with the miner TeraWulf, known for using mainly energy that does not generate CO2 (91%).
TeraWulf is not yet among the big fish, but still mined 125 BTC in December, compared to 475 BTC for Marathonfor example.
The miner owns 11,500 machines, i.e. an installed capacity of more than 1.4 PE/S. The remaining approximately 6,500 miners (0.7 PE/s) are mined under hosting agreements.
TeraWulf will receive 15,000 additional miners over the next few months, amounting to 160 megawatts of power. Of this grand total, 50 MW will be drawn directly from the Susquehanna nuclear power plant in Pennsylvania.
The miner reveals that he will pay a fixed price of $0.02/kWh over five years. It is one of the lowest costs in the bitcoin mining industry. Its average cost is $0.035/kWh if we add its Lake Mariner facilities in New York State.
TeraWulf CEO Paul Prager has declared in the December activity report: “Our energy costs are the lowest in the industry.” “For 2023, we plan to aggressively increase our hashrate to 5.5 PE/s.”
Meanwhile, EDF is having fun running Ethereum nodes that do not consume electricity. Another monumental strategic error that will be very costly.
Don’t miss our article explaining exactly how bitcoin mining works.
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