The Canton of Bern parliament in Switzerland has approved a motion to explore Bitcoin mining as a way to utilize surplus energy and stabilize its electricity grid. The initiative, introduced by the cross-party Parliamentary Group Bitcoin on March 14, 2024, passed with an 85 to 46 vote in the Grand Council despite government opposition.

The motion directs the government council to assess how Bitcoin mining can repurpose unused energy and create economic opportunities. The proposal seeks to make the Canton of Bern an attractive location for firms with an innovative Bitcoin strategy. The motion tasks the government with preparing a report addressing three key points: identifying areas with unused energy in Bern, evaluating how Bitcoin mining could utilize this surplus in collaboration with Swiss mining companies, and assessing its potential to stabilize electricity grids during periods of supply fluctuation.

The proposal received backing from several political factions, including the Swiss People’s Party, Green Liberal Party, Center Party, and EDU, with even some dissenting voices from left-green groups. The government council, which implements laws in the canton, has previously recommended rejecting the motion, noting concerns over energy consumption, competition with other sectors, and Bitcoin’s non-legal tender status.

Despite criticisms, proponents argue that Bitcoin mining can act as a flexible energy consumer, helping to repurpose surplus electricity that would otherwise go to waste.

Source

Please follow and like us: