Approximately 3,600 new bitcoins are created daily through a complex process known as “mining,” which involves feeding a bitcoin to computers that process complex mathematical equations through specialized software. Just go to this Home Page and register for free to start trading Bitcoin.
In effect, this crypto mining activity is striking because it is not a small number of computers working even up to 24 hours a day.
Still, thousands of computers are constantly consuming electricity, which is reflected in high environmental contamination rates.
Suppose Nakamoto’s primary objective is carried out where cryptocurrencies and blockchain are the new way of managing finances and the global economy.
In that case, it is essential to design strategies that make the environmental damage from the extraction of digital currencies less abrasive.
Consolidating cryptocurrency mining as a sustainable activity throughout the world is considered an imminent need, mainly considering climate change and Bitcoin’s energy demand.
The “digital boilers,” as bitcoin mining equipment is considered worldwide, recover 90% of the electricity used for this activity in the heat, which could be used to supply communities and industrial processes.
The heat emission generated during cryptocurrency mining is considered a depletion of the environment, so this heat flows directly into the atmosphere.
Given this situation, the great concern of environmentalists arises to achieve a balance between environmental protection and cryptocurrency mining since this is an extremely attractive financial strategy that, over time, could replace the traditional financial system.
Heat mining to heat homes
The strategy proposed by these citizens, whose primary concern is to improve the use and management of resources and that their environmental impact is as little as possible to maintain a sustainable and sustainable world, proposes to take advantage of the waste of resources that occur during the mining process, in this case, heat to generate electricity or provide heat for homes during cold winters.
A careful piece of data draws attention to Siberia, where a couple of entrepreneurs are taking advantage of the heat generated by bitcoin mining, taking advantage of it in that city of long and harsh winters to heat homes.
These entrepreneurs are just some of the ones thinking of a strategy that allows them to benefit from the excellent energy load that the Bitcoin mining concept consumes. For example, the British Columbia city of North Vancouver is also harnessing the heat generated by bitcoin mining to provide heating for its residents.
With cryptocurrency mining equipment operating at total capacity 365 days a year, the company will be able to supply heat to a complex consisting of one hundred residential and commercial buildings in North Vancouver.
The clean heating solution will supply more than 50,000 residents.
This information is considered by some environmentalists as applicable since, in countries where one of the strongest seasons is winter, residential and industrial electricity consumption skyrockets; this is because the temperatures in the facilities are usually adequate for the performance of the tasks and the current day life of the inhabitants.
Another of the creative ideas of so many entrepreneurs who are not only dedicated to mining but who want to make the most of the energy generated by this process through heat; learned that by 2020, these entrepreneurs planned to build 2,000 crypto houses, with a total capacity of 20 megawatts and with an approximate area of 80,000 square meters.
On the other hand, in September, it was learned that the artist and engineer Julián Oliver created a prototype of mining equipment that works with wind energy, another environmentally friendly mining alternative.
Currently, we are surrounded by industries whose carbon dioxide emission is already quite alarming due to the greenhouse effect it causes; it is essential to become aware and take action about cryptocurrency mining since these could be the future of money.
The fact that you can take advantage of energy consumption and, in turn, with digital currencies, be able to invest in the capitalization of the initial value of the digital currencies generated during a specific period that will generate future benefits is more sustainable.
Due to the industrialization of cryptocurrency mining, companies must make relatively high investments in cooling equipment due to the heat emission that this equipment produces, which inadvertently translates into greater electricity consumption.