Canadian city wants to keep its residents warm with cryptocurrency mining
By Bob Garcia
North Vancouver has a novel approach to generating heat for its residents
Lonsdale Energy Corporation is partnering with MintGreen, a Canadian-based clean-tech cryptocurrency miner, in an effort to provide heat to the residents of North Vancouver, BC starting next year. Canada is known for being a country where cold weather abounds, so news like this comes to be embraced in the best way.
During the announcement shared yesterday, MintGreen said its “digital boilers,” which are capable, the company claims, of recovering more than 96% of the electricity used for Bitcoin (BTC) mining, have the capacity to prevent 20,000 metric tons of greenhouse gases per megawatt from entering the atmosphere during its agreement with North Vancouver. Through the energy that is recovered, more than 100 residential and commercial buildings in the Canadian city will be able to be heated. This means that at least 155,000 residents will benefit from the service that is soon to become a reality.
MintGreen’s executive director, Colin Sullivan, clarified that the association’s main objective is to efficiently address all the problems that climate change is currently presenting. According to studies conducted last year, building operations and construction accounted for around 38% of carbon dioxide emissions in urban areas.
In recent times, it is common for mining platforms to be used by cryptocurrency users to provide heat to battle the cold during the winter season. MintGreen has also already formed agreements with Vancouver Island’s sea salt plant and Canadian whisky company Shelter Point Distillery to use their thermal waste generated by BTC mining to power parts of their operations. Vancouver has reported temperatures as low as -20°C, and MintGreen said it plans to launch the project next year, possibly before Canada welcomes one of its strongest winter seasons.