India’s 8 TWh solar surplus raises prospect of Bitcoin mining

  • India’s solar surplus has prompted discussion of using excess electricity for Bitcoin mining.
  • 8 TWh of solar power reportedly could not be used because of storage limitations.
  • Bhutan holds 4,973 BTC worth around $396 million after using hydropower for mining.

India reportedly generated around 8 TWh of solar power that could not be used because peak production exceeded the grid’s ability to absorb or store electricity. Indian entrepreneur Prafull Billore said on X on September 5 that 11.5% of capacity goes unused during sunny hours because of grid and storage limitations. Bitcoin mining, which requires substantial electricity and can adjust operations based on availability, is being discussed as a potential outlet for some surplus power during peak solar production. Brazil has attracted mining companies to excess renewable energy, while Bhutan has partnered with mining companies and holds 4,973 BTC, valued at around $396 million, making it the seventh-largest country holding Bitcoin. Mining would not replace the need for improved storage and grid infrastructure, and large-scale operations in India could face regulatory and taxation challenges despite mining not being banned.

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