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There have been a number of startups selling crypto-mining electric heaters, but they've all faced the same problems: - They're much more expensive than normal
by astoor 5y ago
There have been a number of startups selling crypto-mining electric heaters, but they've all faced the same problems:
- They're much more expensive than normal heaters, and the returns on mining don't make it cost effective.
- If you've spent that much money on heaters/miners, you're going to want to max them out 24/7 before they become obsolete rather than just switch them on when its cold, which defeats the point.
- They'll also need to be upgraded every 6-12 months to keep up with the mining arms race, and no-one wants to have to replace their super-expensive heating system that often.
- trixie_ 5y agoThe chips can be less powerful, cheaper, and higher volume because the goal would be to put them in millions of heaters without increasing the base price too much. People buying them would be for heat, not mining. It could be advertised to save a few bucks on heating each month but nothing major.