With increasingly accelerated global warming, companies, governments and society need to rethink solutions for the use of energy matrices.
Arthur Inc. and Genial Investimentos published a study on energy monetization, reuse of surpluses and driving demand for renewable matrices to mine Bitcoin and other cryptocurrencies.
How Much Bitcoin Mining Can Be Obtained from Idle Energy in Brazil?
According to the survey, if Brazil had used the idle and surplus energy that the country produced in 2023, it would have 165 million reais more on the bill.
With enormous potential to generate clean energy with wind and solar parks, the Brazilian territory can mine Bitcoin with greener energy. Arthur Inc. co-founder Rudá Pellini explained:
“Bitcoin mining fulfills the role of being a second source of energy demand, making several generation projects economically viable. The implications of the existence of an industry that consumes idle energy for the energy market are profound and will likely change some industry paradigms.”
When Brazil planned its energy network, projections for economic growth and, consequently, energy demand, were optimistic. However, according to Pellini, actual growth did not meet expectations. The Head of Research at Arthur Inc., Caio Leta, delved into the matter, highlighting the following:
“As a result, our generation system currently produces an amount of energy that exceeds what our market actually demands. This indicates not only an oversized infrastructure, but also that the economy did not grow at the expected rate. The full use of Brazil’s energy potential is linked to the existence of reliable demand.”
Miners also have no interest in competing with consumers and continuing to pay a high price for it. With the need for new sources to extract, cleaner and cheaper alternatives, solar and wind energy are strong candidates for mining activity. The leader of Genial Investimentos, Sergio Romani, said the following:
“The way to take advantage of idle energy and, therefore, monetize it, is to carry out some industrial process of transforming raw material (energy) into a product (commodity), and Bitcoin can be understood as a commodity.”
Bitcoin Mining in Brazil: Revenues Could Reach 300 Million Reais
Data from Energy Tech and the investment platform estimate revenues of almost 300 million reais in 2026 in Brazil in distributed generation (DG). The calculation was based on ONS (National Electricity System Operator) projections on the growth of solar-powered mini-generators in DG, with capacities starting at 500 kW. If these activities had been carried out in 2023, the approximate revenue could have reached around 165 million reais.
“This means there is now an incentive for power generators to start mining BTC with their idle power, monetizing it and reducing energy waste. In other words, as long as the power grid is not near its peak demand, it is worth it for generators to mine BTC rather than waste this energy.”
Global Bitcoin Mining Trend
The study shows a global trend. In Argentina, for example, the Brazilian blockchain Hathor pays more miners who demonstrate the use of green energy. In the United States, industry giants such as Exxon Mobil, Shell and Duke Energy already use excess energy to mine Bitcoin, as does Tepco, Japan’s largest energy company.
With an audacious goal, by 2045 Arthur Inc. wants to transform 80% of the world’s idle energy into productive High Performance Computing (HPC) operations.
By Leonardo Perez
