National Grid Confirms Bitcoin Mining Is “No Threat” to the UK’s Electricity Infrastructure

The topic of cryptocurrency mining has been highlighted from many different angles over the past few months. Especially when it comes to the concept of mining Bitcoin, there are some interesting challenges ahead. According to the UK’s National Grid, Bitcoin mining is not a big risk to Britain’s electricity infrastructure. UK’s Power Grid and Cryptocurrency Mining In most countries around the world, people engaging in mining Bitcoin and other cryptocurrencies are perceived as a big threat. More specifically, the energy consumed in the process of mining cryptocurrencies should not be underestimated. Various reports have been issued suggesting that Bitcoin mining is