Deutsche Telekom launches Bitcoin mining project
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Deutsche Telekom AG announced Monday that its subsidiary, MMS, is collaborating with Bankhaus Metzler to pilot a project that leverages surplus renewable energy for Bitcoin mining.
Deutsche Telekom launches Bitcoin mining project The project, named "Digital Monetary Photosynthesis," aims to harness unused renewable energy—often lost due to limited storage and grid capacity—to produce valuable data and insights for stabilizing energy grids. Based in Bonn, Germany, Deutsche Telekom highlighted that this project will utilize flexible Bitcoin mining loads, which have the potential to balance energy supply and demand, contributing to grid stability during periods of fluctuating energy availability. The data collected through this initiative could benefit operators of wind and solar power plants by offering a solution for managing surplus energy.
Deutsche Telekom launches Bitcoin mining project The project, named "Digital Monetary Photosynthesis," aims to harness unused renewable energy—often lost due to limited storage and grid capacity—to produce valuable data and insights for stabilizing energy grids. Based in Bonn, Germany, Deutsche Telekom highlighted that this project will utilize flexible Bitcoin mining loads, which have the potential to balance energy supply and demand, contributing to grid stability during periods of fluctuating energy availability. The data collected through this initiative could benefit operators of wind and solar power plants by offering a solution for managing surplus energy.