SShortSingh.
TopTechnologyAI & MLStartupsProgrammingScienceBusinessFinanceCrypto & Web3World
Back to feed
Crypto & Web3

Finnish Homes Heated by Bitcoin Miners, Provided BTC Stays Above $70,000

0
·6 views

A Finnish startup has deployed 30 bitcoin mining systems that function as central heating for homes. At current bitcoin prices, each system generates slightly more revenue than the electricity it consumes. The arrangement's economics depend on bitcoin remaining above roughly $70,000. The article's central point is that mining heat can be repurposed to provide residents with heating that is effectively free while the price holds.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Log in to join the discussion and vote.

Log in

Related stories

0
Crypto & Web3CoinDesk ·

Binance tells users in several European countries to withdraw crypto before accounts close by year end

Binance has notified users in some European countries that they must move their crypto holdings out before new fees take effect. Affected accounts are reportedly scheduled to close on December 31. Users in Spain, France, and Poland say they have received similar notices. The source article provides limited detail beyond these points, and the reasons behind the closures were not specified in the text provided.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

U.S. Treasury Moves to Cut Off Crypto Exchange MEXC Over Alleged $16B Illicit Flows

The U.S. Treasury has taken action to cut off the cryptocurrency exchange MEXC from the American financial system. The Treasury tied the move to its broader campaign against Iran, although the order itself is based on MEXC's alleged role in Russian illicit finance. The exchange is accused of facilitating roughly $16 billion in suspicious transactions. The article describes the measure as a targeted restriction rather than a broad ban on crypto activity. Further details on the timing and enforcement of the order were not provided in the source material.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Gnosis Pay breach exposes card numbers, home addresses and linked crypto wallets

A breach at Gnosis Pay has reportedly exposed users' card numbers, home addresses and the crypto wallets linked to their accounts. One affected user said the leaked data connected his home address and card number to every wallet tied to his account. Security concerns center on the heightened risk of targeted scams against those whose information was exposed. The available reporting does not specify the full scope of affected users or the timing of the incident.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Apple and Meta reject OKX-ICE tokenized stock plans; crypto firms remain in focus

Apple and Meta have declined to take part in tokenized stock plans proposed by OKX and ICE. About 90% of the companies in the venture's initial selection have opted out. Strategy, Coinbase, Circle and Robinhood are among six firms from that selection that have not disclosed any objection. As a result, crypto companies are now the main names to watch in the project.

0 comments Read more at CoinDesk