EDF delivers his nuclear surpluses to an American bitcoin minor

France is preparing to give in smoothly its surplus of nuclear energy to an American while French minors have been crane for years.

The examination case

Sometimes there are cases that look like a forfeiture. For example, the Alstom affair and the controversial sale of its energy branch to the American giant General Electric.

Fortunately, EDF has since bought this industrial flagship and its famous “Arabelle” turbines. Their maintenance and production for the next six EPR nuclear reactors is now secure. However, any export (especially towards Russian Rosatom) will now require the American green light …

But let's move on, the new scandal is called examination, an EDF subsidiary on the way of being swallowed by the largest American bitcoin minor: Marathon. French minor Sébastien Gouspillou has insurgent on the Figarotv. For him, EDF abandons its surplus of nuclear energy in defiance of national interests:

By buying the Exion subsidiary, Marathon positions itself to recover the enormous mining potential that France always refuses to exploit. It is obvious that Marathon comes to undermine bitcoins. […] EDF is offering exclusivity of French mining (8 GW) in the United States.

Sébastien Gouspillou, co-founder of Bigblock.

There are similarities here with the Alcatel affair, this other French flagship delivered to the American competitor Lucer. It ensued the loss of fiber optic patents, not to mention the Shipshare for the NSA in French telecommunications infrastructure…

The Trojan Horse exams

Marathon submitted his file in early September to the Directorate General of the Treasury. The Minister of the Economy is now one month old to trigger an in -depth study phase of the file.

The National Bitcoin Institute was hostile to this takeover in a open letter For the attention of the deputies, speaking “A major issue of energy, digital and financial sovereignty”.

We learn in particular that despite media announcements evoking 170 million euros, EDF will actually receive only 29 million euros. Barely more than the 25 million euros invested. The rest corresponds to capital contributions, not a capital gain for EDF.

According to Mr. Gouspillou, these 170 million euros will primarily serve to undermine bitcoins, the announcements concerning the AI ​​and the cloud being only a smoke screen.

Such a sum would allow Marathon to win 1.50 % of the world's power power. What produce seven bitcoins per day. A great missed opportunity according to the National Bitcoin Institute:

The multiplication of surplus electricity creates an opportunity: absorb the excess when prices drop and return power to the network in the event of voltage. We could thus better value the KWH financed by the taxpayer.

National Bitcoin Institute

Let it be said, the Bitcoin industry is the missing link in the energy transition. It can consume excess nuclear electricity and disconnect on request. Far from being a simple energy consumer, Bitcoin allows an adjustment by demand for how precious.

Environmentalists go on Bitcoin

Yes, Bitcoin consumes a lot of electricity, but we cannot stop at this simple observation and close the listening.

It will not have escaped the Greens that the electricity network balances by demand is essential to accommodate the development of renewable energies and the puzzle that they represent for network managers.

Improving nuclear power plants by constantly modulating their electricity production to compensate for the intermittent wind power is not tenable. What a mess, especially at a time when we are looking for tens of billions to build six new reactors.

The solution that reaches our arms to us is to let the reactors work optimally and undermine bitcoins with the excess. We would preserve our nuclear heritage while strengthening EDF's finances.

Bitcoin minors have this great advantage of being able to stop in a snap. In other words, no need for costly cutting -edge power plants or to draw from the hydraulic reserves of the dams. This symbiosis with energeticians already exists in Texas.

This works so that the local network manager (ERCOT) recently canceled the construction of several gas power plants. They are no longer necessary since minors can make more than 3 GW at any time, without time constraints.

The intitial reluctance of ecological parties are understandable, but it is now necessary to make a impartial analysis of the situation so as not to risk a fiasco.

Governing is to anticipate

France is truly a bitcoin pioneer. Ledger is, for example, the world number one of the Wallet Hardware. Phoenix is ​​also a leader in his field (Wallet Lightning). And the fact is that we could build the first mining industry in the world if political will was there.

Instead, we let the great powers share the cake. North America (~ 45 %), Russia (~ 17 %) and China (~ 15 %) take advantage of it and several public energy is already at work. This is the case in Japan, Salvador, Laos, Kyrgyzstan, Ethiopia, Bhutan, Iran as well as in the United Arab Emirates.

Why so much hesitation on the old continent? Let us realize that the United States is about to make bitcoin their reserve currency! To believe, like Christine Lagarde, that the euro can become the first international reserve currency is a risky bet. Especially after frozen 300 billion euros belonging to Russia.

Conversely, Bitcoin is a currency / reserve of stateless value at the same time as a non -censurable payment system. Two-in-one. It represents the future now that the BRICS are leading the sling against the dollar.

Like the United States (~ 200,000 BTC), France could create its own Bitcoins Strategic Reserve thanks to its excess nuclear energy. What are we waiting for?

And if we do not only vegetate debt to future generations …

Read our article: The United States All-In on Bitcoin.