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In 2022, North Vancouver might use bitcoin mining to generate heat.

North Vancouver, British Columbia, is considering Bitcoin mining as a means of generating and supplying heat to its citizens. Lonsdale Energy Corporation (LEC), the city's energy provider, plans to "decarbonize" heat production by moving away from traditional natural gas. The LEC, in conjunction with MintGreen, a Canadian crypto mining company, hopes to prevent over 20,000 greenhouse emissions from entering the atmosphere by generating heat with Bitcoin mining rather than natural gas by 2022.

How does Bitcoin Mining work!

Auditor miners are compensated for their efforts. They are in charge of ensuring that Bitcoin transactions are legitimate. Satoshi Nakamoto, the creator of Bitcoin, devised this standard to keep Bitcoin users honest. Miners assist to prevent the "double-spending problem" by validating transactions.

Bitcoin Mining Explained:

Bitcoin mining is not just the act of putting new bitcoins into circulation, but it is also an important part of the blockchain ledger's upkeep and development. It is carried out with the assistance of highly powerful computers that answer exceedingly difficult computational math problems.

Riot Blockchain Q2 2021 Report Released, Mining Revenues Up By 1,540%!

Riot Blockchain, the leading publicly-listed Bitcoin mining firm recently reported the record revenue for the second quarter of 2021.

Genesis Digital Assets Raised $125M, Expands Mining Operations

Genesis stated that it has secured a $125 million round of equity funding for supporting its “aggressive expansion plans.”