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Bitcoin Miners Help Heat Homes Across Finland

By BITCOINIST EDITOR

Bitcoin mining is finding an unusual use beyond securing the cryptocurrency network: keeping homes warm during Finland’s cold winters. A Finnish startup is using heat generated from bitcoin miners and machines to provide residential heating, creating a business model that could benefit both households and miners. The…

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Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

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A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

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A young company built to grow quickly, often around a new product or technology, usually funded by investors.

Startups create new jobs and industries, but most fail, which is why funding rounds are closely watched.

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