Canada-based cleantech cryptocurrency miner MintGreen will partner with Lonsdale Energy Corporation to supply heat to residents of North Vancouver in British Columbia starting in 2022.
In an October 14 announcement, MintGreen said that its “digital boiler” – which it claims can recover more than 96% of the electricity used for bitcoin (BTC) mining – can reduce up to 20,000 metric tons of greenhouse gases per megawatt. prevent it from entering the atmosphere. Its arrangement with North Vancouver. The recovered energy will be used to heat 100 residential and commercial buildings in the Canadian city with a population of about 155,000.
Mintgreen CEO Colin Sullivan said the partnership was aimed at tackling issues related to climate change. According to a December 2020 report by the Global Alliance for Buildings and Construction, building operations and their construction in urban areas account for about 38% of carbon dioxide emissions.
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Crypto users battling the cold in the winter season often turn to mining rigs as a solution to supply heat. MintGreen has already partnered with Vancouver Island Sea Salt Facility and Canadian whiskey company Shelter Point Distillery to sell the heat waste generated from BTC mining to the power parts of their operations.
MintGreen said it plans to launch the initiative in 2022, possibly before one of Canada’s harshest winters begins. The lowest recorded temperature for North Vancouver is around -20 °C.