Breaking News
Still Discriminating
Nike CEO may have just admitted the company went too woke as stock hits 12-year low
Will Europe Be Annihilated Over Kaliningrad?
The Last Asset--You Will Own Nothing
Top Tech News
Most artificial limbs rely on silicone or plastic to mimic human hands.
Flying cell tower beams phone signal to Japan from 10 miles up
Chinese Commercial Reactor Achieves Nuclear Fusion with Clean Hydrogen-Boron Fuel
Med Beds Just Took a MASSIVE Step Forward, Healing People in Days!
Palmer Luckey: Autonomous Weapons Are Ancient and Why Anduril Won't Build Humanoids | EP #295
A laser just photographed objects through six feet of concrete
Elon Musk's Next-Gen Motor Destroy Entire EV Industry
China's disputed satellite refueling heralds new space war era
BYD Will Put Solid-State Batteries In An EV Next Year: Executive
FDA-cleared exoskeleton puts spinal-cord patients back on their feet
"Digital Boilers" Powered By Bitcoin Mining Rigs To Supply North Vancouver With Heat
The main by-product of high-powered computers verifying Bitcoin, Etherum, and or Ripple transactions on the blockchain is an excessive amount of heat that often goes to waste. However, one company is set to heat buildings in the Canadian city of North Vancouver through mining rigs attached to "digital boilers."
Cleantech cryptocurrency miner MintGreen partnered with Lonsdale Energy Corp. to supply heat to buildings in North Vancouver, according to a press release. MintGreen's digital boilers use immersion technology that captures 96% of the heat generated from mining rigs and is fed to water utilities as energy, then distributed to 100 buildings in the downtown district.
"Being partners with MintGreen on this project is very exciting for Lonsdale Energy, in that it's an innovative and cost-competitive project, and it reinforces the journey Lonsdale Energy is on to support the City's ambitious greenhouse gas reduction targets," Lonsdale Energy CEO, Karsten Veng, said.
Lonsdale Energy expects to begin supplying heat to the businesses district in 2022 under a long-term contractual agreement. Its arrangement with North Vancouver will prevent 20,000 metric tons of greenhouse gases per megawatt from escaping into the atmosphere.
"The complex issue of climate change requires innovative solutions, and Lonsdale Energy, with the City of North Vancouver, is showing tremendous leadership in environmental stewardship," Colin Sullivan, MintGreen's CEO, said.
The boilers will mine cryptocurrency 365 days a year. The city expects that the pilot program could be an example for other municipalities tackling climate change-related issues.