Cryptocurrency mining has some environmental impact. According to the latest information, the heat generated by Bitcoin mining systems will be used to heat a city in Canada.
MintGreen is a Canadian company dedicated to the mining of cryptocurrencies, but with the objective of doing so through ecological and clean technologies. As such, the company is developing a partnership with Lonsdale Electric Power Company to provide domestic and industrial heating to the city of North Vancouver through the Bitcoin mining process.
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In fact, MintGreen’s project is that its ‘digital boilers’ recover 96% of the energy generated in Bitcoin mining as heat that will then be used to fuel communities and for industrial processes.
This new heat source will be implemented in the next year of 2022 and will avoid the production of 20,000 tons of greenhouse gases per megawatt.
According to Colin Sullivan, CEO of MintGreen, in an interview with the Coindesk website, the company uses an ‘immersion’ technology that captures the heat produced in mining and directs it to hot water utilities, known as “District Energy”, for later be forwarded to the customer. The executive added that one of these concessionaires provides around 100 buildings and will sell the heating through a long-term contractual agreement.
The reuse of heat from mining is not a new process, however it has been used to a lesser extent. MintGreen then wants the system to be up and running by the winter of next year.
According to the 2016 census, the city of North Vancouver has a population of 52,898 people.
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