The misconception that some people have about mining for cryptocurrency like Bitcoin is that all they need is a couple of PCs with some powerful hardware, sit back, and let the money roll in. We suppose that’s not too far from the truth, although what many people are missing is how much in utility bills one has to pay for running such powerful rigs 24/7.
On top of that, how will they cool it all down given the heat that it’s generated? It seems that over in Canada, a certain Bruce Hardy might have the solution, which is to take the heat generated from the Bitcoin mining rigs and use it to help grow food. Hardy is the president of the Myera Group, which is a business focused on developing “sustainable and intelligent food production systems”.
He also mines for Bitcoin in his spare time, and recently in his latest venture, he has attempted to combine his efforts at Myera with his Bitcoin mining, resulting the wasted heat generated by the rigs to help grow food. Hardy had initially invested in large-scale air conditioning in the past to cool his rigs down, but he discovered that the heat could be better off used for agricultural purposes.
Hardy was quoted as saying, “When bitcoin came, they were an excellent proxy for what a server could do in terms of emulating heat, and whether we could use that heat for agricultural purposes.”