Bitcoin mining powers Dutch tulip hothouses
15 December 2022 13:47, UTC
Studying time: ~2 m
A cryptocurrency miner and a flower grower have joined forces to cut back prices and enhance effectivity.
The 2 corporations, primarily based within the Netherlands, are utilizing blockchain know-how to streamline their operations. The miner is chargeable for verifying transactions on the Bitcoin community, whereas the flower grower provides tulips to prospects around the globe.
The tulip business has suffered this 12 months within the Netherlands, simply as Bitcoin and the crypto business have suffered throughout a year-long market turndown.
Dutch second largest agricultural exporters
The Dutch are the second largest exporters of agriculture on this planet after the USA, and they’re the most important world producer of tulips. Nevertheless, some greenhouse farmers have needed to shut their operations because of the excessive value of power for heating their greenhouses.
In an article printed on Wednesday by EuroNews, Dutch flower farmer Danielle Koning was quoted as saying:
“Some growers have determined, due to the rise in gasoline costs, to cease rising this 12 months and see what occurs subsequent 12 months. And in some instances it results in chapter,”
Tulips be part of forces with Bitcoin
The article describes how Koning’s flower enterprise teamed up with a bitcoin mining firm with a purpose to use the surplus warmth generated by mining machines to warmth tulip hothouses.
With some bitcoin critics usually evaluating the cryptocurrency business to the spectacular failure of the tulip bulb mania within the Netherlands of the 1700s, maybe they’ll get some mileage out of this story of each industries combining.
In actuality, the collaboration between a cryptocurrency miner and a flower grower could possibly be only the start of many extra partnerships between completely different industries sooner or later as blockchain continues to revolutionise how we do enterprise as we speak.
Disclaimer: This text is supplied for informational functions solely. It isn’t provided or supposed for use as authorized, tax, funding, monetary, or different recommendation.