RATE Group | Bitcoin mining uses so much electricity that 1 city could curtail facility’s power durin…
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Bitcoin mining uses so much electricity that 1 city could curtail facility’s power durin…

Bitcoin mining uses so much electricity that 1 city could curtail facility’s power durin…

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On the day of the grand opening of the largest bitcoin mining project in the country, the weather was partly cloudy and 15 C. On a Friday afternoon like this one, the new facility uses as much electricity as all of Medicine Hat, Alta., a city of more than 60,000 people and home to several large industrial plants.

The vast amount of electricity needed for bitcoin mining is why the city of Medicine Hat has championed the economic benefits of the project, while environmentalists say they are wary of the significant energy use.

Toronto-based Hut 8 has spent more than $100 million to develop the 4½-hectare site on the northern edge of the city. It has 56 shipping containers, each filled with 180 computer servers that digitally mine for bitcoin around the clock.

On Friday the facility used just over 62 megawatts of electricity. That’s equivalent to the amount of power usually consumed in all of Medicine Hat during this time of year, with afternoon temperatures around 15 C. …

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