Bitcoin Mining Turns Green as Waste Heat Powers Canadian Agriculture

• Bitcoin mining heat is reused to warm greenhouses in Canada.
• Bitcoin mining is shifting toward cleaner energy.

Canaan, the Bitcoin mining hardware manufacturer, has launched a Green energy Project in Manitoba, Canada, with a project size of 3 Megawatts (MW) with a 24 month durations. The Project is mainly about turning the heat produced by the Bitcoin mining machines into the Energy for agriculture, especially to heat tomato greenhouses in cold climates. Instead of wasting the heat, the project reuses it, which makes Bitcoin mining more energy efficient and environmentally friendly. 

How Bitcoin Mining Heat Is Powering Greenhouses in Cold Climates

Generally, the Bitcoin mining machines generate a lot of heat while running. In this Project 360, liquid-cooled Avalon mining rigs are used, and the heat is captured using a closed-loop heat exchange system. Now the hot water is produced at over 75°C, and this hot water is used to preheat greenhouse boilers. This project helps the Greenhouses stay warm even in the harsh and extreme winters. Canaan estimates that about 90% of the electricity used by the miners is recovered as usable heat at a very low cost of $0.035 per kWh. 

This Project helps to cut the heating cost for the Agriculture and reduces reliance on the Fossil fuels and carbon emissions. This project clearly shows that Bitcoin Mining can support real-world industries and is more environmentally friendly. Canaan wants to see if this model can be replicated in the other cold regions. 

This major upgrade in Bitcoin mining shows that the mining rigs are going green. Institutional investors now prefer sustainably mined Bitcoin, and Research Shows that mining can support a renewable energy system. According to Cambridge University, 52% of Bitcoin mining is now powered by clean energy, and the Coal usage has dropped sharply. 

Experts like Kevin O’Leary say mining increasingly relies on surplus energy, and the researchers argue that mining improves energy efficiency. This project made another cryptocurrency mining sector take a similar environmental initiative. Moreover, Phoenix Group has planned to build a hydropowered mining facility in Ethiopia. 

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