Supply Of Surplus Energy, Deutsche Telekom Diverts Energy To Min Bitcoin

Deutsche Telekom plunged into the world of mining bitcoin. (Photo; Doc. TelecomTV)

JAKARTA - In an effort to overcome the high supply of renewable energy, Deutsche Telekom, the German telecommunications giant, took bold steps by plunging into the world of Bitcoin mining, aka Bitcoin mining.

Detusche Telekom is not alone, the company is collaborating with Bankhaus Metzler and other renewable energy companies to become a pilot project in utilizing excess energy from solar panels and wind turbines. This excess energy is planned to be used to mine BTC.

Through Bitcoin mining, this surplus energy can be converted into a valuable digital asset, while reducing pressure on the power grid. "We call it a digital monetary photosynthesis," said Oliver Nyderle, Head of Web3 Infrastructure at Deutsche Telekom MMS.

On the other hand, the Bitcoin mining process requires enormous computing power. By redirecting surplus energy to the mining process, indirectly, Deutsche Telekom helps balance electricity supply and demand. In addition, Bitcoin mining can also provide incentives for renewable energy producers to increase their production capacity.