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Coin miners use lots of electricity and release a lot of heat. Electrical heaters use lots of electricity and release a lot of heat. Would it be viable to sta
by koliber 8y ago
Coin miners use lots of electricity and release a lot of heat.
Electrical heaters use lots of electricity and release a lot of heat.
Would it be viable to start a company that sends attractive-looking coin miners to people who heat with electricity? Have the coin miner subsidize 25% of the electricity consumption as the icing on the cake.
Would the numbers work on that? Heating is mostly used in the winter. However, some people also heat water year-round with electric heaters. Miners get significantly cheaper energy and free co-location, at the expense of lower amount of total mining per year (as the miner would not be mining when no heating is needed) and increased logistic costs. An added bonus is that it completely nullifies the "wasted energy" argument.
- einr 8y agoWould it be possible to efficiently transfer the heat into the air without using fans? Because having a bunch of GPU fans on full blast in your living room is not an option. Electrical heaters are silent and need to be.
- eeZah7Ux 8y agoYou can heat up water in a boiler in a basement in a traditional heating system.
- mikkelam 8y agoI believe this has already been done in Siberia
- keymone 8y agoflipping a bit takes energy. if you flip a bit and also release heat - your bit-flipping hardware is inefficient.
- Tor3 8y agoThe only way to make it more efficient is to use less energy to flip that bit. Energy use always end up as heat.