Genesis Mining Is Changing Extra Bitcoin Datacenter Warmth Into Greenhouse Energy in Sweden

0

Genesis Mining, one of the largest Bitcoin mining companies in the world, has been working on an experiment with Systemair, Lulea Technical University, the Swedish Research Institute, and the local Boden community. The Swedish teams are developing a system that will convert excess heat from Genesis’ bitcoin mining into greenhouse operations.

Bitcoin mining is extremely competitive and the network uses a lot of electricity to secure transactions and mint new coins. For example, the Cambridge Bitcoin Electricity Consumption Index (CBECI) shows that the Bitcoin (BTC) hash rate is consuming an estimated 12.54 GW and an annualized consumption of around 88.14 TWh. There are a whopping 150 exahashes per second (EH / s) out of 20 mining pools aimed at the BTC chain.

This week Genesis Mining unveiled a new innovative project that the company is working on with several teams. Genesis worked with four groups in Boden, Sweden, a large area around the coastal town of Lulea. Systemair, the local municipality of Boden, Lulea University of Technology and the Swedish Research Institute have worked with Genesis to develop a system that converts excess heat from mining into greenhouse electricity. The pilot project aims to convert excess energy from Bitcoin mining into sustainable heat sources.

Genesis Mining converts excess heat from the Bitcoin data center in Sweden into greenhouse electricityCustom container from Genesis Mining.

According to the participants, the pilot project plans to support the Swedish goal of self-sufficient food production. The study is funded by Genesis Mining’s philanthropic arm known as Hashpower For Science. Mattias Vesterlund, Senior Researcher at RISE (Research Institutes of Sweden), explained how the project can achieve self-sufficient production models.

“A 1 MW data center would have the opportunity to increase local self-sufficiency with products that are competitive in the market by up to 8%,” explained Vesterlund. Genesis Mining’s custom built Crypto Mining storage containers are located next to the greenhouse. The container is attached to the greenhouse with a specially made air duct system that transports the miner’s excess heat.

Genesis Mining converts excess heat from the Bitcoin data center in Sweden into greenhouse electricity

Marco Streng, Co-Founder and CEO of Genesis Mining, said that decentralized applications will change the world, “but all of these benefits cannot come at the expense of the environment.” “Genesis Mining has always preferred locations that offer 100% renewable energy sources. That’s why we focused so much on the Nordic countries, ”Streng explained. However, as industry leaders, we see it as our moral and ethical responsibility to move the industry forward, and finding a way to convert our excess energy has been a major priority. “

Strength further added:

We look forward to scaling this project and making more of our own data centers available to others as well.

Andreas Johansson, lecturer at Lulea University of Technology, has performed calculations based on the project design and the cold Swedish climate.

“For the cold climate in northern Sweden, our calculations show that a 300 m2 greenhouse can be heated with a 550 kW container without any problems even with outside temperatures of almost -30 ° C,” said the speaker. But the potential is much greater. In this calculation, the temperature difference above the greenhouse is only 10 degrees, since we assume a DC output temperature of 35 ° C and a GH temperature of 25 ° C. If the DC output is increased to 55 ° C, the GH area can be tripled to 900 m2. “

Genesis and the teams in Sweden aren’t the only ones who have thought of harnessing excess heat from Bitcoin miners. Two years ago, a French company called Qarnot released a household heater called a “Crypto-Heater or QC-1” that heats a room in your home while the user mines crypto assets.

Some people have found ways to harness excess heat from mining to do certain things like heating a garage or distilling alcoholic beverages. Miners from the Ethereum have been used to heat houses, and some Russian babushkas have not only mined BTC in the province of Siberia, but have also used the miners for heating. 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. News.Bitcoin.com readers can watch the video of the webinar below.

What do you think of Genesis Mining, which is working in Sweden to develop a greenhouse powered by excess heat in Bitcoin mining? Let us know what you think on this matter in the comments section below.

Tags in this story

Andreas Johansson, Mining Bitcoin, Municipality Boden, BTC Mining, BTC Mining Rigs, CBECI, Genesis Mining, Genesis Mining Container, Greenhouse, Greenhouse Operation, Greenhouse Temperature, Lulea University of Technology, Maro Streng, Mattias Vesterlund, Mining Rig Container, Nordics , Research Institute of Sweden, Sweden, Systemair

Photo credit: Shutterstock, Pixabay, Wiki Commons, Genesis Mining,

Disclaimer of liability: This article is for informational purposes only. It is not a direct offer or a solicitation of an offer to buy or sell or a recommendation or approval of products, services or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author are directly or indirectly responsible for any damage or loss caused or allegedly caused by or in connection with the use or reliance on any content, goods or services mentioned in this article.

You might also like

Leave A Reply

Your email address will not be published.