Fun

Finland's households turn to Bitcoin mining to heat homes

News Feed - 2024-04-23 08:04:29

Helen Partz12 hours agoFinland"s households turn to Bitcoin mining to heat homesBitcoin enthusiasts in Finland have integrated two Bitcoin mines with district heating facilities enabling heating homes while mining BTC.1748 Total views13 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksA new project in Finland is turning energy from mining Bitcoin (BTC) cryptocurrency into energy to heat homes during the cold Finnish winter.


Bitcoin mining infrastructure firm Hashlabs Mining has introduced a pioneering project enabling heat generation using specially designed Bitcoin mining devices.


The project combines heat production from the hydro-cooled ASIC mining device — a WhatsMiner M63S — with the Finnish district heating system, where the heat is transferred from a centralized source through a network of insulated pipes to multiple buildings. The new project is designed to allow households to benefit from industrial BTC mining.


“With the help of industrial consumers like Bitcoin miners, Finland can increasingly use its massive nuclear power plant to produce heat,” Hashlabs Mining co-founder Jaran Mellerud said in a post on X on April 23.


A local partner of Hashlabs has already integrated two Bitcoin mines with district heating facilities and is currently integrating a third one, Mellerud said.


In the project, Hashlabs specifically utilizes the hot water generated from WhatsMiner M63S mining, which reaches a temperature of 70 degrees Celsius. “The best provider of reliable, high-temperature water for district heating is Bitcoin mining,” the Hashlabs founder stated.Source: Jaran Mellerud


WhatsMiner-generated hot water is set to replace the heat generated in plants utilizing fuels like biomass and other carbon-neutral heat sources, as well as peat, hard coal and others.


As of 2019, most of Finland’s district heat was produced with wood fuels, accounting for 35%, and hard coal with 18%, according to data from Statistics Finland.


Peat ranked the third most important energy source in district heat production in 2019, with 15% produced with peat.


Related:Bitcoin halving will lead to more sustainable BTC mining: Report


The concept of using the energy coming from Bitcoin mining for heating has been gaining momentum in the past few years, with savvy Bitcoin miners finding many ways to make Bitcoin more environmentally-friendly and sustainable.


As previously mentioned by Cointelegraph, some miners found ways to use Bitcoin mining-created heat to warm swimming pools, dehydrate meat to make beef jerky or even dry out timber. In June 2023, a bathhouse in New York told its customers that it was using the byproduct heat from Bitcoin mining rigs as the energy to run its facilities.


Magazine:Lazarus Group’s favorite exploit revealed — Crypto hacks analysis# Bitcoin# Mining# Finland# Adoption# Bitcoin Mining# EnergyAdd reaction

News Feed

Finder’s Experts Predict Bitcoin Will Peak at $94K This Year
Finder"s Experts Predict Bitcoin Will Peak at $94K This Year Finder’s panel of 33 fintech specialists has forecasted that the price of bitcoin will peak at about $94K before
ZkSync’s Gemholic project suspected $3.5M rug pull
Amaka NwaokochaJun 08, 2024ZkSync’s Gemholic project suspected $3.5M rug pullCommunity members are currently trying to trace the Gemholic contract creator’s address, which is supposedly funded by Binance.8763 Total v
Amaka Nwaokocha27 minutes agoPro-Ripple lawyer predicts prolonged legal battle, hints at settlement factorsJohn Deaton says there has not been “a single serious conversation” about a potential settlement between Ripp
Argentinians Criticize IMF Requirement to Slow Down Crypto Adoption in the Country
Argentinians Criticize IMF Requirement to Slow Down Crypto Adoption in the Country Argentinian citizens involved in the cryptocurrency industry are criticizing a perceived anti-cry
US Senators Probe Crypto Exchange Binance About ‘Potentially Illegal Business Practices’
US Senators Probe Crypto Exchange Binance About "Potentially Illegal Business Practices" Three U.S. senators have asked crypto exchanges Binance and Binance US for documents and a
Luno CEO: ‘Industry Accelerated a Lot Faster This Year Than We Anticipated’
Luno CEO: "Industry Accelerated a Lot Faster This Year Than We Anticipated" The pace of the crypto industry’s acceleration in 2021 has surprised many, including Marcus Swane
Token airdrops targeted by farm accounts and ‘Sybil attacks’
Zhiyuan Sun4 hours agoToken airdrops targeted by farm accounts and ‘Sybil attacks’Airdrop squatters are creating fake accounts on platforms for the sole purpose of farming airdrop tokens, thus taking away share from
Geographic Distribution Data Shows US Takes Leading Bitcoin Mining Position After China’s Crackdown
Geographic Distribution Data Shows US Takes Leading Bitcoin Mining Position After China’s Crackdown After China has reigned for a number of consecutive years as the dominant bitc
Circle launches euro-backed EURC on Base, enabling layer-2 forex trades
Christopher Roark3 hours agoCircle launches euro-backed EURC on Base, enabling layer-2 forex tradesCircle announced that the new Base version of EURC is the first MiCA-compliant stablecoin for the network.756 Total views
Tesla Begins Accepting Dogecoin Payments — Some Merchandise Can Only Be Purchased With DOGE
Tesla Begins Accepting Dogecoin Payments — Some Merchandise Can Only Be Purchased With DOGE Tesla now accepts dogecoin for some merchandise on its website. CEO Elon Musk delivere
Grayscale CEO Michael Sonnenshein steps down
Zoltan Vardai10 hours agoGrayscale CEO Michael Sonnenshein steps downThe CEO will be replaced by Goldman Sachs executive Peter Mintzberg effective Aug. 15.1549 Total views54 Total sharesListen to article 0:00NewsOwn this
World’s largest BTC miner Marathon buys $100M BTC to go ‘full HODL’
Zoltan Vardai10 hours agoWorld’s largest BTC miner Marathon buys $100M BTC to go ‘full HODL’Marathon remains bullish on Bitcoin’s price in the long term, as it sold none of the BTC it mined during June.1929 Total