One of the largest bitcoin mining operations in the world, Genesis Mining, has been working on an experiment with Systemair, Lulea Technical University, Research Institute of Sweden and the local municipality of Boden. The teams in Sweden are developing a system that converts excess heat from Genesis’s bitcoin mining into energy greenhouses.
Bitcoin mining is extremely competitive and the network consumes a lot of electricity to secure transactions and to mint new coins. For example, the Cambridge Bitcoin Electricity Consumption Index (CBECI) shows that the Bitcoin (BTC) hashrate consumes an estimated 12.54 GW and an annual consumption of approximately 88.14 TWh. Of the 20 mining pools, no less than 150 exahash per second (EH / s) is aimed at the BTC chain.
This week, Genesis Mining, unveiled a new innovative project that the company is working on with a few teams. Genesis has worked in Boden, Sweden, a large region around the coastal town of Lulea with four groups. Systemair, the local municipality of Boden, the Technical University of Lulea and the Research Institute of Sweden have developed a system in collaboration with Genesis that converts excess mining heat into greenhouse gases. The pilot aims to recycle excess energy from bitcoin mining to sustainable heat sources.
According to the participants, the pilot is intended to support Sweden’s goal of producing self-sufficient food. The study is being promoted by the philanthropic arm of Genesis Mining called “Hashpower for science. Mattias Vesterlund, Senior Researcher at RISE (Research Institutes of Sweden) explained how the project can realize self-sustaining production models.
“A 1 MW data center would have the potential to enhance local self-sufficiency by up to 8% with products that are competitive in the market,” explains Vesterlund. Genesis Mining’s custom-built crypto mining storage containers will be placed next to the greenhouse. The container is attached to the greenhouse using a custom air duct system that dissipates excess heat from the miner.
Marco Streng, co-founder and CEO of Genesis Mining, said decentralized applications will change the world, “but all those benefits shouldn’t come at the expense of the environment.” “Genesis Mining has always preferred locations that offer 100% renewable energy, which is why we focused so strongly on the Nordic countries,” explains Streng. But as an industry leader, we see it as our moral and ethical responsibility to move the industry forward, and finding a way to convert our surplus energy was a major priority. “
Streng further added:
We look forward to scaling this project and bringing it not only to more of our own data centers, but to others as well.
Andreas Johansson, senior lecturer at Lulea University of Technology, made calculations based on the design of the project and the cold climate in Sweden.
“For the cold climate in northern Sweden, our calculations show that a 300 m2 greenhouse can be easily heated with a 550 kW container, even at outside temperatures of almost -30 ℃,” said the teacher. But the potential is much greater than that. The temperature difference across the greenhouse is only 10 degrees in this calculation, as we assume a DC output temp of 35 ℃ and a GH temp of 25 ℃. If the DC output is increased to 55 ℃, the GH area can be tripled to 900 m2. “
Genesis and the teams in Sweden aren’t the only people who have thought about using excess heat from bitcoin miners. Two years ago, a French company called Qarnot released one home stove called the “Crypto-Heater of QC-1” that heats a room in your home while the user is mining crypto assets.
Some people have come up with ways to use excess mining heat to do certain things, such as heating a garage or distill alcoholic drinks. Ethereum miners are used to heat houses and a few Russian babushkas were not mined alone BTC in the province of Siberia as well the miners used for heat. Bitcoin miners have used excess mining heat to grow tomatoes.
Genesis Mining and members of the project also hosted a webinar on the development of the hybrid bitcoin mining greenhouse system. Readers of News.Bitcoin.com can watch the video from the webinar below.
What do you think of Genesis Mining working in Sweden to develop a greenhouse powered by excess bitcoin mining heat? Let us know what you think about this topic in the comments below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Genesis Mining,
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