Bitcoin Mining Rigs Could Heat Vancouver Homes Next Year. Take That, ESG FUD
The city of Vancouver could soon take a step into the future. As New York is about to take the Chinese route and cut itself from yet another industry, Vancouver considers “using an unconventional method: harnessing the heat emitted from” bitcoin mining. If signed, the contract between the Lonsdale Energy Corporation and Canadian mining operator […]
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The recovered energy will be used to heat 100 residential and commercial buildings in North Vancouver, with a population of roughly 155,000. MintGreen, a Canada-based cleantech cryptocurrency miner, will be partnering with the Lonsdale Energy Corporation to supply heat to residents of North Vancouver in British Columbia starting in 2022.In a Thursday announcement, MintGreen said its “digital boilers” — which it claims can recover more than 96% of the electricity used for Bitcoin (BTC) mining — will prevent 20,000 metric tons of greenhouse gases per megawatt from entering the atmosphere....
Bitcoiners have been using the excess heat produced by their mining rigs to stay warm this season. Bitcoiners mining cryptocurrency at home this winter have been staving off freezing temperatures by putting them to good use as heaters. According to the Wall Street Journal, crypto miners in France and the United States report their overall heating costs have dropped — even if the temperature in their homes often gets far above what they’d prefer. Thomas Smith, a photographer based in California, has been using mining rigs to heat his home since at least 2019. He’s also been exploring some....
Bitcoin mining company MintGreen to deliver innovative low-carbon mining waste solution to heat City of North Vancouver, BC.
Bitcoin (BTC) mining is an energy-intensive industry. One of the major by-products of mining – excess heat created by computational efforts – has mostly just gone to waste. Recently, many have been asking if there is a way to put that heat to better use and turn it into sustainable energy for others. As a […]
In just over two weeks, a company called Wisemining plans to launch a new product called Sato, a boiler that can provide heat to a home by leveraging ASIC mining rigs for heat production. It also means that the heater provides revenue in the form of cryptocurrency, which offsets the costs of heating a home a great deal. Bitcoin Mining and Cogeneration While bitcoin (BTC) and a slew of crypto assets have seen values increase a great deal, there’s been a lot of criticism aimed at digital currency mining and how it utilizes lots of electricity. Despite the numerous rebuttals written....