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Using Bitcoin to Grow Flowers

Using Bitcoin to Grow Flowers

February 27, 2022

Bitcoin Bloem grows flowers using the heat resulting from bitcoin mining machines.

Bitcoin mining uses a lot of electricity. And the mining machines generate heat.

In the Netherlands, an enterprising farmer and a bitcoin miner have teamed up to heat greenhouses and grow flowers. They sell their flowers online through bitcoinbloem.com.

A Win-win Situation

The bitcoin miner buys the electricity to mine bitcoin, and the machines heat an entire greenhouse. The farmer gets free heating, and the miner gets a place to house his machines. With gas prices through the roof, this is a favorable situation for everyone involved.  

The energy that would otherwise go to waste creates something useful. The setup proves bitcoin energy critics wrong, using the cryptocurrency as an essential intermediary in an existing production process.

Using Bitcoin to Balance the Electricity Network

According to Bert de Groot of Bitcoin Bloem, the Netherlands could use bitcoin to keep its electricity network in balance. Bitcoin mining devices can be switched off when necessary and on again when consumption drops. 

It would, therefore, make sense for the country to embrace bitcoin mining.  

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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