Bitcoin miner uses waste heat to dry wood

Date:

- Advertisement -

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

- Advertisement -
Mufasa
Mufasahttps://cryptomufasa.com
We bring you the Latest News and Updates on Bitcoin, Ethereum, Cryptocurrency & NFTs.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More like this
Related

Kraken Settles With The SEC And Is Fined $362k For Violating U.S Sanctions on Iran

Kraken voluntarily agreed to pay a fine after the...

OKX released a proof-of-reserves page, offering instructions on how to self-audit its reserves

Cryptocurrency exchange OKX has released a proof-of-reserves page allowing...

500 million Whatsapp numbers are being auctioned off by Dark Web hackers

As hackers are selling as most updated mobile phone...

UK bank Starling restricts crypto-related purchases

Starling has banned customers from purchasing digital currencies with...