Bitcoin mining will heat Canadian homes

Category: Americas Blockchain
Posted by
Ravindu Dabarera

Heat emitted form Bitcoin mining will be utilized to heat homes in North Vancouver for about 100 buildings

Canada-based cleantech cryptocurrency provider MintGreen and Lonsdale Energy Corporation are working on a project to reuse Bitcoin mining energy to heat approximately 100 buildings, both commercial and residential in North Vancouver, British Colombia. According to a Thursday statement, more than 96% of mining electricity can be reused by “digital boilers”.

The idea had already seen practice among individual miners in the region to reduce their carbon footprint during harsh winters that can see temperatures as low as -20° C in North Vancouver. Canadian whiskey company Shelter Point Distillery and the Vancouver Island Sea Salt facility were the first commercial enterprises to profit from mining energy waste in the form of heat. The project is one of many initiatives reacting to criticism about crypto mining being to carbon consuming.

The atmosphere will be spared an estimated 20,000 metric tons of greenhouse gases per megawatt in Northern Vancouver. Roughly 38% of carbon dioxide emissions of urban areas are produced through building maintenance and construction. If the rig heating system is spread out, crypto mining could perhaps polish its image from being a carbon colossus to an environmentally feasible alternative to the paperback tradition.

Next up: Malta Week

Don’t miss out on amazing networking opportunities and exclusive industry insights at Malta Week. Four leading shows will bring the best of the business back-to-back to a first-class meeting point. Malta Week will consist of SiGMAAIBCMed-Tech World and AGS, each presenting the top developments of their focal industries.

The cross-collaboration of each brand makes Malta Week the number one destination for leading think-tanks of the gaming sector, emerging tech, digital health, and digital marketing. The middle of the Mediterranean is the perfect place for multi-faceted business deals and face-to-face conversations with leading affiliates, policymakers, and thought leaders.