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Finnish Homes Receive Free Heating From Bitcoin Mining Operations

(4 hours ago) · 1 source · Summarized by CryptoBipto

A program in Finland is using heat generated by bitcoin mining equipment to warm residential homes at no cost to residents. The arrangement reportedly works as long as bitcoin's price remains above $70,000, which determines whether the mining operations remain profitable enough to sustain the free heating model.

WHY IT MATTERS

Bitcoin mining uses powerful computers that solve complex math problems to process transactions and earn new bitcoin as a reward.

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SOURCES

  • coindesk.com

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