A Winnipeg man is cashing in on digital currency in more ways than one. Kevin Carthy has been using heat generated by computers, known as cryptocurrency miners, to keep his home and business warm during Manitoba’s cold winters.
It’s the province’s cold climate which has generated a lot of interest in recent months from people who want to set up larger scale cryptocurrency operations in Manitoba. Used crypto miners can cost you up $2000, but newer ones go for more than that.
(Josh Crabb/CTV News) Kevin Carthy owns several Bitcoin ATMs in Winnipeg and operates a cryptocurrency store in Transcona. (Josh Crabb/CTV News) Carthy’s not only getting heat, the computers earn him a mining reward paid in digital currency every time his machines are involved in a cryptocurrency transaction.
“They are doing complex mathematical calculations looking for Bitcoins and other cryptocurrencies and for doing that they generate a lot of heat because it’s a complex process,” said Carthy. “The fans are just cooling the circuit boards.” Carthy owns several Bitcoin ATMs in Winnipeg and operates a cryptocurrency store in Transcona.
The miners at this store are kept in a utility room where the heat is recaptured and piped around the building through a furnace. Like computers, the machines use electricity and cost money to keep running. Read more from winnipeg.ctvnews.ca…
thumbnail courtesy of winnipeg.ctvnews.ca