French lawmakers propose a crypto mining “experiment”
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Members of the French parliament have been persisting in attempts to convince the government in Paris that France should start mining Bitcoin on surplus electricity, of which it has a lot. Following an unsuccessful motion last month, another legislative initiative now seeks backing for organizing “experimental” minting of digital currencies using energy from renewable sources. Bill aims to launch a crypto mining experiment in France A draft law allowing the experimental use of surplus electricity for cryptocurrency mining has been filed in the National Assembly, the lower house of parliament in France. Its main purpose is to utilize excess energy generated by renewables to support the industry and create new jobs. The legislation, submitted by deputies from the far-right National Rally party, comes after a similar initiative by a different group of lawmakers was recently rejected, the French crypto news outlet Journal du Coin remarked in a report on Wednesday. The sponsors of the bill highlight that electricity production relying on renewable sources is often intermittent and can generate energy that remains unused, resulting in economic losses and waste. That extra power can be employed to fuel the energy-intensive mining of crypto assets, which requires significant amounts of electricity, thus providing a solution to exploit the surpluses. The article elaborates further: “Cryptocurrency mining is a growing sector that could create jobs and boost the local economy, particularly in regions where electricity is generated from renewables. International examples abound, from Bhutan to Iceland and the global leader in the sector, the United States.” To convince colleagues of the viability of their plan, the sponsors of the bill call for conducting a three-year experiment. During the trial, electricity producers will be free to sell their excess energy to crypto mining farms. The scheme could be supervised by state and local authorities in…
Filed under: News - @ July 16, 2025 9:28 pm