Bitcoin, which was started by Satoshi Nakamoto in 2008 and created its own market without being connected to any central authority, is in demand around the world. Bitcoin is also the most well-known unit of the cryptocurrency industry. Bitcoin production systems, which were not fully understood in the first years and later became professional, develop with various technological infrastructures and create different areas of use.
Bitcoin mining, which is carried out by many people and institutions today, is criticized as one of the reasons that lead to the climate crisis, due to the excess electricity it uses and the way it is produced. However, some studies have tried to minimize the damage and provide savings by using the energy used by Bitcoin mining or after it. The study conducted in Canada with the partnership of MintGreen and LEC stands out as an important example of achieving this.
A positive development in terms of energy consumption
The effects of Bitcoin mining on the environment started to become a glaring problem, with Elon Musk and some environmentalists constantly bringing this issue to the agenda. After the criticism of this issue has increased and it has been seen as a danger, studies are being carried out on energy consumption and the negative effects of mining on the environment. MintGreen and LEC have partnered on a study that will use Bitcoin mining to heat up North Vancouver, a city in British Columbia, Canada, which is home to 50,000 people.
According to this study, North Vancouver will be the first city to use Bitcoin mining to heat commercial buildings and residences. Thus, it is stated that with the heat obtained from Bitcoin mining, 20,000 tons of greenhouse gases per MW will be prevented from going into the atmosphere compared to natural gas. While MintGreen CEO Colin Sullivan said that some innovative solutions are needed due to the complex problem of climate change, LEC CEO Karsten Veng stated that this cooperation is promising for a green future.
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