Canadian cities plan to use Bitcoin mining to heat residents

MintGreen is a clean technology cryptocurrency miner headquartered in Canada. It will work with Lonsdale Energy Corporation to provide heat to residents of North Vancouver, British Columbia, starting in 2022.

In the announcement on October 14, MintGreen Said Its “digital boiler”-it claims to be able to recover more than 96% of the electricity used in Bitcoin (Bitcoin) Mining-During the arrangement with North Vancouver, 20,000 metric tons of greenhouse gases per megawatt will be prevented from entering the atmosphere. The recovered energy will be used to heat 100 residential and commercial buildings in this Canadian city with a population of approximately 155,000.

Colin Sullivan, CEO of MintGreen, stated that the partnership aims to address climate change-related issues.According to a December 2020 report by the Global Building and Construction Alliance, building operations and construction Take up It accounts for about 38% of carbon dioxide emissions in urban areas.

related: Bitcoin mining heat recovery company MintGreen completes seed round financing led by CoinShares

Cryptocurrency users who struggle with the cold in winter often Turn to mining equipment as a solution To supply heat. MintGreen has partnered with Vancouver Island Sea Salt Factory and Canadian whisky company Shelter Point Distillery to sell waste heat from BTC mining to provide power for part of the business.

MintGreen said it plans to start the program in 2022, probably before one of the Canadian winters begins. The lowest recorded temperature in North Vancouver is approximately -20°C.