
Hashlabs Mining, Terahash, MARA and MinersLoop have figured out how to use the heat from mining farms, which is usually wasted. Now it can be redirected to heating houses and various public places.
According to the head of Hashlabs Mining, Yaran Mellerud, their company already provides heat to an entire town of 50,000 residents. They are now preparing to launch their sixth mining site. In general, Finnish mining companies supply heat to about 140,000 people. This represents about 2.5% of the total Finnish population.
This project is based on the use of water-cooled ASIC miners. During operation, the equipment heats the water in a closed system to about 70 degrees. The heat generated by heat exchangers is directly routed to the city's heat supply system. This way you can reduce the use of conventional boilers and save money.
The future of such technologies is seen in the use of generated heat in production processes. This is especially important for drying wood and heating public buildings. This allows you not only to get rid of the "waste" of mining, but also to make money from them.
The example of Finland shows that mining cryptocurrencies can stop being a headache related to energy consumption and become part of a stable urban system. If you use the heat generated during calculations wisely, it stimulates energy savings and opens up new ways to use cryptocurrencies in the conventional economy.