According to Odaily, a UK advocacy group known as Bitcoin UK Policy has urged the new government to use Bitcoin mining as a means to bolster the country's renewable energy grid. The group argues that Bitcoin mining is the only technology that can provide full elasticity of demand for standby renewable energy. It sets a 'floor price' and monetizes supply, which would otherwise be unutilized or even reduced at cost.

The group believes that Bitcoin mining can play a crucial role in the renewable energy sector. By setting a minimum price and monetizing the supply, it can ensure that renewable energy sources are not wasted or reduced due to cost. This approach could potentially strengthen the UK's renewable energy grid, making it more efficient and sustainable.

The Bitcoin UK Policy group's proposal comes at a time when the world is increasingly focusing on renewable energy sources to combat climate change. If adopted, this strategy could set a precedent for other countries to follow, potentially revolutionizing the way renewable energy is utilized globally.