The Bitcoin mining heat energy will be utilized to heat 100 residential and commercial apartments in North Vancouver, which has a population of 155,000 people.
From 2022, MintGreen, a Canadian cleantech cryptocurrency, will collaborate with Lonsdale Energy Corporation to provide electricity to inhabitants of North Vancouver, British Columbia.
MintGreen stated in a statement on Thursday that its “digital boilers,” which claim to be able to generate more than 96% of the electricity utilized in Bitcoin (BTC) mining, will avoid 20,000 tonnes of greenhouse pollutants each gallon from entering North Vancouver. The energy received will be utilized to burn 100 residential and commercial structures in a 155,000-person Canadian city.
The relationship, according to Colin Sullivan, CEO of MintGreen, is focused on solving concerns related to climate change. Building and construction activities accounted for nearly 38 percent of carbon dioxide in metropolitan areas, according to a December 2020 analysis from the Global Alliance for Buildings and Construction.
In the winter, crypto-cold users often turn to mine bullets to keep warm. MintGreen has already formed partnerships with the Vancouver Island Sea Salt Center and Shelter Point Distillery to sell the thermal waste created by BTC mining to its energy components.
MintGreen has stated that the initiative will be launched in 2022, most likely before the onset of another Canadian winter. The coldest temperature ever recorded in North Vancouver was roughly -20 degrees Celsius.