Science & Technology

Climate-friendly Bitcoin miners use waste heat to warm the entire city – so watt up?

Guest essay by Eric Waral

Finally, a solution that will satisfy California climate activists Bitcoin enthusiasts and solve fuel poverty – use waste heat from giant Bitcoin mining rigs to keep the entire city warm.

How startups are feeding the entire city from Bitcoin mining

North Vancouver, British Columbia will be the first city in the world to be heated by Bitcoin mining.

NS Aoyoung Ashraf
Updated at 2:18 am on October 15, 2021 6:51 am on October 15, 2021

Mint Green, Canada’s clean tech cryptocurrency miner, is working with Lonsdale Energy Corp. to supply heat from Bitcoin Mining to North Vancouver, British Columbia.

According to a statement shared with CoinDesk, the heat source will be introduced in 2022 to prevent 20,000 metric tons of greenhouse gases per megawatt from entering the atmosphere compared to natural gas.

MintGreen’s unique “digital boiler” recovers 96% of the electricity used for Bitcoin mining as heat and uses it for community supply and industrial processes.

The utility, which works with MintGreen, serves about 100 buildings, and Sullivan added that the company sells heat under long-term contracts.

read more: https://www.coindesk.com/business/2021/10/14/how-a-startup-is-supplying-a-whole-city-with-heat-from-bitcoin-mining/

Critics may suggest that it is easier to warm a home by supplying it with gas or electricity.

The problem is that fossil fuels are used to warm homes and release evil greenhouse gases.

With the exception of Bitcoin mining, climate change activists seem to be much more eager to give fossil fuels a pass when used to mine Bitcoin.

If Bitcoin miners export waste heat to their homes or supply poor people with free Bitcoin rigs to keep their homes warm, they can even use some of the mined Bitcoins to pay for energy. If possible, everyone is happy. The evil of burning fossil fuels is mitigated by mining Bitcoin, and poor people can get more affordable home heating.

Climate-friendly Bitcoin miners use waste heat to warm the entire city – so watt up?

https://wattsupwiththat.com/2021/10/15/climate-friendly-bitcoin-miners-use-waste-heat-to-warm-entire-cities/?utm_source=rss&utm_medium=rss&utm_campaign=climate-friendly-bitcoin-miners-use-waste-heat-to-warm-entire-cities Climate-friendly Bitcoin miners use waste heat to warm the entire city – so watt up?

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