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Switzerland passes bill to study Bitcoin effect on utilizing excess energy

Law promotes research on Bitcoin: The new law requires local authorities in the canton of Bern to study excess power and how Bitcoin can leverage this energy source. This could lead to more efficient energy usage.

Switzerland as a destination for crypto mining: Switzerland holds a crucial position in the crypto industry, with 971 Bitcoin nodes, and large mining facilities, thanks to abundant renewable energy.

Benefits from hydroelectric energy: Hydroelectric energy accounts for 62% of Switzerland’s electricity generation. Combined with the cold climate, this helps to cut costs and optimize Bitcoin mining activities.

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