Andreas Johansson, Bitcoin mining, Boden municipality, BTC Mining, BTC Mining Rigs, CBECI, Genesis mining, Genesis Mining Container, greenhouse, greenhouse operations, greenhouse temperature, Lulea Technical University, Maro Streng, Mattias Vesterlund, Mining Rig Containers, Nordics, Research Institute of Sweden, Sweden, Systemair

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 Boden municipality. The teams in Sweden are developing a system that converts excess heat from Genesis’s bitcoin mining to power greenhouse operations.

Bitcoin mining is extremely competitive and the network consumes a lot of electricity to secure transactions and mint new coins. For instance, the Cambridge Bitcoin Electricity Consumption Index (CBECI) shows that the Bitcoin (BTC) hashrate consumes an estimated 12.54GW and an annualized consumption level of around 88.14TWh. Out of 20 mining pools, there’s a whopping 150 exahash per second (EH/s) pointed at the BTC chain.

This week, Genesis Mining, revealed a new innovative project the firm is working on with a few teams. Genesis has been working in Boden, Sweden, a large region located around the coastal city Lulea with four groups. Systemair, the local Boden municipality, Lulea Technical University, and the Research Institute of Sweden in a partnership with Genesis have been developing a system that converts excess mining heat into greenhouse power. The pilot aims to recycle excess energy from bitcoin mining into sustainable heat sources.

Andreas Johansson, Bitcoin mining, Boden municipality, BTC Mining, BTC Mining Rigs, CBECI, Genesis mining, Genesis Mining Container, greenhouse, greenhouse operations, greenhouse temperature, Lulea Technical University, Maro Streng, Mattias Vesterlund, Mining Rig Containers, Nordics, Research Institute of Sweden, Sweden, Systemair
Genesis Mining‘s custom container.

According to the participants, the pilot plans to address supporting Sweden’s objective toward self-sufficient food production. The study is being promoted by Genesis Mining’s philanthropic arm dubbed “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 datacenter would have the ability to strengthen the local self-sufficiency up to 8% with products that are competitive on the market,†Vesterlund detailed. Genesis Mining’s custom-built crypto mining storage containers will be located adjacent to the greenhouse. The container is tethered to the greenhouse by leveraging a custom-built air duct system that carries the miner’s excess heat.

Andreas Johansson, Bitcoin mining, Boden municipality, BTC Mining, BTC Mining Rigs, CBECI, Genesis mining, Genesis Mining Container, greenhouse, greenhouse operations, greenhouse temperature, Lulea Technical University, Maro Streng, Mattias Vesterlund, Mining Rig Containers, Nordics, Research Institute of Sweden, Sweden, Systemair

Marco Streng the cofounder and CEO of Genesis Mining said that decentralized applications will transform the world, “but all those benefits can’t come at the cost of the environment.†“Genesis Mining has always preferred locations that offered 100% renewable energy sources, that’s why we’ve focused so much on the Nordics,†Streng detailed. But as the industry leader, we view it as our moral and ethical responsibility to push the industry forward, and finding a way to convert our excess energy has been a major priority.â€

Streng further added:

A Senior Lecturer from Lulea Technical University, Andreas Johansson, has been making calculations based on the project’s design and Sweden’s cold climate.

“For the cold climate in the north of Sweden, our calculations show that a 300 m2 greenhouse can easily be heated with a 550 kW container, even with outdoor temperatures reaching almost -30℃,†the lecturer said. But the potential is much bigger than that. The temperature difference over the greenhouse is in this calculation only 10 degrees since we assume a DC output temp of 35℃ and a GH temp of 25℃. If the DC output is increased to 55℃, then the GH area can be tripled to 900 m2.â€

Genesis and the teams in Sweden are not the only people who have thought of leveraging excess heat from bitcoin miners. Two years ago a French firm named Qarnot released a home heater called the “Crypto-Heater or QC-1†that heats a room in your home while the user mines crypto assets.

Some people have devised ways to utilize excess mining heat to do certain things like heat up a garage or distill alcoholic beverages. Ethereum miners have been used to heat homes and a few Russian babushkas not only mined BTC in the province of Siberia but also used the miners for heat. Bitcoin miners have utilized excess mining heat to grow tomatoes.

Genesis Mining and members of the project also hosted a webinar about developing the hybrid bitcoin mining greenhouse system. News.Bitcoin.com readers can check out the video of the webinar below.

What do you think about Genesis Mining working in Sweden to develop a greenhouse powered by excess bitcoin mining heat? Let us know what you think about this subject in the comments section below.

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

Du lịch nhật bản, hướng dẫn du lịch Nhật và đánh giá địa điểm Nhật Bản Japan travel news, japan travel guides, japan holiday destinations and japan reviews

RELATED NEWS

Report: Document Shows Specific Bitcoin Miners in Xinjiang Instructed to Shut Down

An official notice stemming from the Changji prefecture government in Xinjiang details that officials from the Zhundong Economic-Technological Development Park must instruct bitcoin miners to shut down. China’s province of Xinjiang is a highly concentrated region of bitcoin miners and bitcoin activities at the park must cease by June 9, according to the document. Nevertheless, […]

Xem chi tiết: Report: Document Shows Specific Bitcoin Miners in Xinjiang Instructed to Shut Down

While China’s Bitcoin Miners Flock to Central Asia Canaan Sets up ASIC Mining Rig Service in Kazakhstan

On Monday, the application-specific integrated circuit (ASIC) manufacturer Canaan Inc. announced the company has established an overseas after-sales center in Kazakhstan. According to Canaan, the service center will provide local customers with after-sales services like machine testing, warranty services, maintenance, and technical consultation. Chinese Miners Are Focused on Relocation, Canaan Opens Mining Rig Service Center […]

Xem chi tiết: While China’s Bitcoin Miners Flock to Central Asia Canaan Sets up ASIC Mining Rig Service in Kazakhstan

Square Takes a Swipe at the Bitcoin Energy Debate With $5 Million Solar Mining Investment

As the conversation about Bitcoin’s energy consumption reaches a fever pitch, Jack Dorsey’s payment provider Square has unveiled plans to fund a sustainable bitcoin mining facility in conjunction with Blockstream. Mining Project to Serve as Scalable Proof of Concept Bitcoin faces no shortage of consternation, but the spat over the cryptocurrency’s footprint spilled out into […]

Xem chi tiết: Square Takes a Swipe at the Bitcoin Energy Debate With $5 Million Solar Mining Investment

Alternative Mining Algorithms Reap Higher Profits Than Bitcoin Mining in 2021

Cryptocurrencies have jumped quite a bit in value over the course of the year and miners who verify transactions and earn digital assets have seen significant profits. While bitcoin miners have been seeing daily profits rise, a great number of other mineable digital currencies are pulling in much larger yields. Blake256R14 and Ethash Machines Pull […]

Xem chi tiết: Alternative Mining Algorithms Reap Higher Profits Than Bitcoin Mining in 2021

Alternative Mining Algorithms Reap Higher Profits Than Bitcoin Mining in 2021

Cryptocurrencies have jumped quite a bit in value over the course of the year and miners who verify transactions and earn digital assets have seen significant profits. While bitcoin miners have been seeing daily profits rise, a great number of other mineable digital currencies are pulling in much larger yields. Blake256R14 and Ethash Machines Pull […]

Xem chi tiết: Alternative Mining Algorithms Reap Higher Profits Than Bitcoin Mining in 2021

Bitcoin Will Face Tougher Regulation as Popularity Grows, Says Sweden’s Central Banker

The Swedish central bank’s governor says bitcoin will face tougher regulation given its sheer popularity that continues to grow. “When something gets big enough, things like consumer interests and money laundering come into play,†said Stefan Ingves, Governor of the Riksbank. Tougher Regulation Expected for Bitcoin Stefan Ingves, the governor of Sweden’s central bank, the […]

Xem chi tiết: Bitcoin Will Face Tougher Regulation as Popularity Grows, Says Sweden’s Central Banker

UK Police Raid Alleged Cannabis Farm, Finds Bitcoin Mining Facility Stealing Power

Police from the UK executed a raid in an industrial unit in the West Midlands county expecting to find a cannabis farm, but instead found a big bitcoin mining facility, that was coincidentally bypassing the controls from the local power utility company to siphon energy from the main grid, stealing thousands of pounds in the […]

Xem chi tiết: UK Police Raid Alleged Cannabis Farm, Finds Bitcoin Mining Facility Stealing Power

Marathon’s Bitcoin Mining Pool Will ‘No Longer Filter Transactions’ — Marapool Begins Signaling for Taproot

On Monday, the publicly-listed enterprise mining firm Marathon Digital Holdings announced the company has adopted the latest codebase offered by Bitcoin Core developers that features Taproot. Marathon is now signaling for Taproot according to the announcement. The North American bitcoin miner further noted that the firm’s mining operation Marapool will “cease filtering transactions.†Marathon Adopts […]

Xem chi tiết: Marathon’s Bitcoin Mining Pool Will ‘No Longer Filter Transactions’ — Marapool Begins Signaling for Taproot

Sichuan Energy Officials Plan to Meet in June to Discuss Bitcoin Mining Implications

UK Police Raid Alleged Cannabis Farm, Finds Bitcoin Mining Facility Stealing Power

EZ Blockchain Partners With Texas-Based Oil Provider to Monetize Wasted Natural Gas With Bitcoin

Central Bank of Sweden Invites Financial Market Actors for Second Phase of E-Krona Pilot

Comparing the True Costs of Gold Mining in Africa With Those of Bitcoin Mining

Crypto Proponents Become Skeptical of Closed-Door Meeting Between Billionaires and Bitcoin Miners

Shark Tank’s Kevin O’Leary Expects Flood of Institutional Money Into Bitcoin When ESG Standards Are Met

Cryptocurrency Mining Banned in Iran as Blackouts and Power Shortages Intensify