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Home Bitcoin News

Bitcoin miner uses waste heat to dry wood

James by James
February 20, 2022
in Bitcoin News
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Bitcoin miner uses waste heat to dry wood
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One Norwegian Bitcoin Miner Boasts 99% Renewable Energy Statistics, It Even Uses Waste Heat To Dry Wood, Plans To Use Seaweed

Norway is a bastion of renewable energy management in Europe – up to 99% of energy in Norway is generated by hydropower, while there is often an excess of “green energy” in the grid

At the Kryptovault mining farm, the hot air generated by bitcoin mining rigs is recycled and used to dry logs

Kjetil Hove Pettersen, CEO of Kryptovault, said that Norway is “an ideal place for mining” and along with log drying, seaweed drying will begin in the first half of 2022

Norway has a lot of “locked” energy, Pettersen says, indicating much higher production compared to consumption.

It appears that the removal of electricity subsidies to bitcoin mining farms in 2018 did not affect the status of the Scandinavian country as a popular cryptocurrency mining destination

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James

James

James is a 33-year-old cryptocurrency enthusiast who has been involved in the industry since 2017. He has always been a keen follower of the crypto space and has experience in trading and mining cryptocurrencies. Since then, James has also written numerous articles on the subject and is passionate about sharing his knowledge and insights with others.

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