Bitcoin will allow the Canadian city of North Vancouver to heat up.
This is the idea of the company MintGreen, which intends to recover the heat produced by the mining of cryptocurrency, reports Geo.
A world first according to the cryptomining company specializing in clean renewable energies.
For a Bitcoin transaction to be secure, it is necessary to encrypt the data and record it in the blockchain, or to carry out a mining operation.
However, mining involves using the computing power of computers dedicated to this task and which are energy-intensive.
For Bitcoin alone, the annual energy consumption of the network would amount to nearly 130 Twh according to the Cambridge Bitcoin Electricity coonsumption Index.
This represents the electricity consumption of the Netherlands.
We are excited to announce that MintGreen will be providing low carbon heating at scale to North Vancouver, making them the first city in the world to be heated by #Bitcoin 🌱⚡⛏️ https://t.co/fD8PHkfGNK
— MintGreen (@MintGreenHQ) October 14, 2021
Access to this content has been blocked to respect your choice of consent
By clicking on "
I ACCEPT
", you accept the deposit of cookies by external services and will thus have access to third-party content
I ACCEPT
You can also modify your choices at any time via "choice of consent".
More information on the Cookie Management Policy page.
Implementation in 2022
This high power consumption is coupled with high heat dissipation.
This is where MintGreen engineering comes in.
The idea is therefore to recover the heat produced by mining to develop a digital boiler.
96% of the energy produced by mining will be able to be reused according to Colin Sullivan, the general manager of MintGreen.
To carry out its project, the company signed a twelve-year contract in October 2021 with the company Lonsdale Energy Corporation (LEC).
This provides hot water and heating to the Canadian city of 50,000 inhabitants.
The first homes will be heated by MintGreen technology by the end of 2022. About a hundred buildings (residential and commercial) will be affected.
This project will reduce the production of greenhouse gases by nearly 20,000 tonnes.
high tech
Bitcoin: A lake transformed "into a jacuzzi" because of a mining plant
World
War in Ukraine: Cryptocurrencies affected by the conflict
Did you see ?
Canada
virtual currency
Bitcoin
Planet
0 comment
0 share
Share on Messenger
Share on Facebook
Share on Twitter
Share on Flipboard
Share on Pinterest
Share on Linkedin
Send by Mail
To safeguard
A fault ?
To print