Bitcoin Policy Institute pitches mining as a fix for Scotland’s wasted wind power

A new report frames Bitcoin miners as flexible buyers for curtailed Scottish wind, but warns banking and tax rules could hold Britain back Britain has a strange energy habit. It pays Scottish wind farms to switch off, then pays gas plants elsewhere to switch on. A report from the Bitcoin Policy Institute (BPI) argues there is a better use for that surplus power: Bitcoin mining. The pitch is simple. If the electricity can’t reach the people who need it, bring a buyer to the electricity instead. The scale of the problem is not small. In 2024, Britain paid wind farms £393 million to curtail 8.3 TWh of output. Scotland carries almost all of that burden. According to the research findings, 98% of the curtailed output came from Scotland.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Crypto Briefing.