According to Crypto Patel, the UAE has been conducting Bitcoin mining through government-affiliated entities since 2022. In response, CZ stated that the UAE's power generation capacity is mainly allocated for extreme peak electricity usage, with energy surpluses available for most of the year, and some excess electricity is used for Bitcoin mining.



Bitcoin has low storage costs and long-term value storage characteristics, making it suitable as a means of energy value conversion.
BTC0,61%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)