North Vancouver to be the world's first city heated by cryptocurrency mining
The Canadian city of North Vancouver (BC), a satellite city of Greater Vancouver, could be the first in the world to commercialize a home heating system using heat from cryptocurrency mining.
According to Nasdaq, a local power provider has signed a 12-year contract with MintGreen mining company for heating commercial and residential buildings in North Vancouver.
The MintGreen company will use unique boilers called "Digital Boilers," allowing to recover over 96% of the electricity used for crypto mining. The technology makes it possible to convert it into heat energy for heating buildings and direct it to the District Energy hot water system for further distribution to the population or industrial enterprises.
This is the first large-scale MintGreen project, scheduled for 2022.
As a result, North Vancouver will become the world's first city to be fully heated by cryptocurrency mining.
Such a solution will prevent the emission of more than 20 thousand tons of greenhouse gases per 1 MW.