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Britain could turn wasted Scottish wind power into bitcoin to cut its $1.3 billion grid bill

Marcus Chen
Managing Editor · Saturday, November 14, 2026 at 1:00 PM · 5 min read
Britain could turn wasted Scottish wind power into bitcoin to cut its $1.3 billion grid bill — Austin Technology news
In this story
  1. The Details
  2. Britain’s bitcoin competitivness
  3. Why it matters

Britain could use bitcoin mining to absorb surplus Scottish wind power and reduce payments to wind farms to halt generation, according to a Bitcoin Policy Institute report.

The Details

Britain could use bitcoin mining to absorb surplus Scottish wind power and reduce payments to wind farms to halt generation, according to a Bitcoin Policy Institute report.

The report says mining facilities can adjust electricity use to grid conditions, but potential consumer savings, emissions and infrastructure costs require further analysis.

The report also warns that banking restrictions and inconsistent investment and tax rules threaten Britain’s competitiveness as a bitcoin hub despite its strong legal framework.

$66.780,33 mining to help reduce the more than 1 billion pounds ($1.32 billion) paid to wind power generators to switch off, according to a Bitcoin Policy Institute (BPI) report shared exclusively with CoinDesk.

The proposal centers on Scotland, where wind generation has expanded faster than the transmission infrastructure needed to transport electricity south to the areas of highest demand in England.

Grid operators pay Scottish wind farms to stop generating electricity while paying gas-fired power stations elsewhere to increase production.

The “Britain’s Biggest Opportunity” report, by BPI executive director Conner Brown and head of regulatory affairs for Xapo Bank Joey Garcia, argue that bitcoin mining could provide an alternative outlet for some of otherwise curtailed electricity.

“Traditional data centers can contribute, but most require firm, uninterrupted power near metropolitan fibre hubs and cannot profitably shut down whenever the wind stops blowing,” the report explained.

“Bitcoin mining is different: it is modular, quick to deploy and relocatable (requiring only a power source and an internet connection), able to curtail fully and for long periods without disrupting any customer’s workload, and viable at partial utilization when consuming low-cost or otherwise curtailed power.”

The report cites research involving ten mining companies that found facilities curtailed electricity consumption between 5% and 31% of the time in response to grid conditions.

It recommends that the Department for Energy Security and Net Zero (DESNZ) and National Energy System Operator (NESO) assess whether mining facilities could be located behind transmission bottlenecks, particularly along the Scotland-England boundary.

However, the report acknowledges that the 1 billion pound-plus annual constraint bill does not represent the amount bitcoin mining could save. Any proposed projects would require modeling of actual consumer savings, emissions and infrastructure costs.

Britain’s bitcoin competitivness

The energy proposal forms part of a broader assessment arguing that Britain has established strong legal foundations for bitcoin but risks undermining its competitiveness through inconsistent regulation.

Britain’s banking restrictions, investment rules and tax policies are undermining its opportunity to become a global bitcoin hub, according to the report.

The report argues that the U.K.’s strong legal framework establishes important foundations, yet practical barriers remain as the country prepares to introduce its comprehensive cryptocurrency regulatory regime next October.

A particularly striking contradiction concerns retail investment products. The Financial Conduct Authority (FCA) lifted its ban on retail access to crypto exchange-traded note (ETNs) over a year ago, only for tax changes introduced in April this year to exclude purchases in Stocks and Shares ISAs, one of the most common investment accounts employed by retail investors.

Examining the intersection of cryptocurrency and government.

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The products became eligible only for Innovative Finance ISAs, a niche tax wrapper that no major providers currently offer.

Banking restrictions present another obstacle. The BPI cites research by the U.K. Cryptoasset Business Council which says approximately 40% of retail transfers to crypto exchanges are blocked or delayed by British banks.

"A regulated market needs to work for the people using it," Brown said in an emailed announcement accompanying the report. "If customers cannot reliably move money through their bank, and responsible businesses face blanket restrictions, the UK risks wasting the foundations it has built."

AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards.

CoinDesk's full AI Policy. — A behind the scenes force may amplify bitcoin and ether price volatility 2 Satoshi-era wallet served in a $260 billion lawsuit moves 75 BTC it held since 2011 3 Bitcoin miners pay Paraguay $350 million a year, but AI is pushing them out 4 Bitcoin plunges to $68,000 as Anthropic IPO frenzy adds to market jitters 5 U.

S. Senate Banking Committee races toward hearing on new SEC nominations 6 Bitcoin heads for sixth weekly loss as Anthropic’s blockbuster IPO looms 7 Kraken parent Payward says expansion outside crypto trading helps cushion revenue decline 8 Bitcoin's momentum gauge is turning red, could send prices back below $60,000 9 Bitcoin hits 12-week low as dollar rallies on interest-rate outlook, liquidations top $1.

6 billion 10 Live updates: Bitcoin eyes bear market lows as late summer rally mostly wiped out Latest Research Beyond the Risk-Free Rate: Diversified Real World Yield in Productive Stablecoins Beyond the Risk-Free Rate: Diversified Real World Yield in Productive Stablecoins Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.

Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.

Why it matters

Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.

About This Story

Local news from Meridan Report — Austin

Coverage Area

Austin

Section

Technology

Published

Saturday, November 14, 2026

Reading Time

5 min

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