France Proposes using Excess Energy for Bitcoin Mining to Boost Grid Stability and Revenue

French lawmakers have proposed a five-year pilot program to use excess electricity for Bitcoin mining. According to the initiative's proponents, mining cryptocurrencies using surplus energy will help improve the stability of the energy system. Currently, companies sell excess electricity at a loss due to the lack of storage options. Mining will turn these losses into revenue: the Digital Assets Development Association estimates that 1 GW of capacity could generate $100-150 million annually.