BEAMSTART Logo

HomeNews

Bitcoin Mining Could Have Prevented Blackouts In Spain And Portugal, Says Expert

Bitcoinist LogoBitcoinist21h ago

Bitcoin Mining Could Have Prevented Blackouts In Spain And Portugal, Says Expert - Bitcoinist

Quick Summary:

As investigators pore over the chain of events that plunged large swathes of Spain, Portugal and parts of southern France into darkness earlier this week, a prominent figure in the Bitcoin mining sector has argued that the catastrophe was "highly unlikely” to have unfolded had the Iberian grid been equipped with large-scale, fast-acting mining operations.

Spanish and Portuguese authorities have so far attributed the blackout to a “significant power imbalance” that triggered automatic shutdowns designed to protect critical equipment.

Equally, there is good evidence to say it’s highly unlikely the event would still have happened … given that the root cause … was lack of spinning reserve at the time.

More Pictures

Bitcoin Mining Could Have Prevented Blackouts In Spain And Portugal, Says Expert - Bitcoinist (Picture 1)

or

Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-01 @ 07:00:16 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 541 words

Reading Time: 4 minutes read

Sentences: 37 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 28307249

View Article Analysis

About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 16 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 10 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Bitcoin Mining Could Have Prevented Blackouts In Spain And Portugal, Says Expert" has 541 words across 37 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Which news outlet covered this story?

The story "Bitcoin Mining Could Have Prevented Blackouts In Spain And Portugal, Says Expert" was covered 21 hours ago by Bitcoinist, a news publisher based in Hungary.

How trustworthy is 'Bitcoinist' news outlet?

Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 16 news stories per day.

It's most recent story was published 10 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #28307249
  • URL: https://tex.beamstart.com/news/bitcoin-mining-could-have-prevented-17460829809055

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

Our Company

© Copyright 2025 BEAMSTART. All Rights Reserved.