Crypto mining datacenters in the Nordics aim to create a better food-chain in the region in order to make it more sustainable, but how is this going to happen? We try and find out in today’s crypto news.
Mining for crypto uses huge amounts of energy because of the computing power needed so in order to mine, a computer has to solve an algorithm which to do so, you will need very powerful hardware working at a fast speed. When mining first started, it was possible to be competitive and even profitable from the comfort of your own home. However, today, mining is a multi-million dollar industry with huge crypto mining datacenters running through millions of rigs competing to solve these equations and they generate huge amounts of energy as they do so.
Computes that are working at that height of computing power don’t generate algorithms only. They are also generating heat that is so high that special machines are needed for cooling. But why does this excess heat has to go to waste?
The local farmers in the Nordic countries faced many difficulties maintaining productivity and competitiveness because of the sub-zero temperatures that make building a new sustainable food industry a challenge. Regional governments also started encouraging self-sufficient policies to decrease reliance on imports and encourage local industries to hit energy efficiency targets. To try and solve this problem, the Boden business Agency located in Sweden looks to partner with the energy-intensive industries to try and find a solution. The Energy symbiosis initiative provides a testing ground for more partnerships and one of the first projects will be a greenhouse warmed up by the heat of computing.
Crypto mining companies already look at the Nordic countries as the perfect location for operations because of the green energy already available there. Nordic governments are looking for ways for the population to be more sustainable and self-sufficient with the partnership linking greenhouses and datacenters looking like a perfect match. Also, the Research Institute of Sweden and the Lulea University of Technology also partnered in order to bring a scientific assessment to the table. The goal is not to just combine datacenters and greenhouses but to learn how to scale it and use it.
The senior researchers at Rise Mattias Vesterlund said:
A 1 MW data center would have the ability to strengthen the local self-sufficiency up to 8% with products that are competitive on the market.”
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