Cryptocurrency

[_V_]

New builds soon cannot use natural gas or oil for heating or hot water, so that means an electric boiler.

Instead, a mining rig would be water cooled, leading to hot water.

First person to design an electric boiler that can mine crypto will become an eco-trillionaire.

[DealorNoDeal]

Heating your home with electricity is also far nicer for the environment so you'd be doing the world a good deed.

I just did a quick calc using the calculator on this site:

https://www.buybitcoinworldwide.com/mining/hardware

Rig (ASIC): Whatsminer m30s+
Price: $2,500.
Electricity consumption: 3.4kWh
Hash power (TH/s): 100
BTC price: $33k
Electricity cost per kWh: $0.30 (approx 20p)

Running 24x7, this generates $8,800/year in BTC. But it consumes $8,800/year in electricity. In other words, there's no profit and it just breaks even. However, that means you're getting 3.4kWh of free electric heating.

The other thing I'd need to check is how noisy (dB) the fans are in them. It would be a non-starter if they sound like a jet engine.

[AtW]

Free, heavily concentrated heat, in your house - you have to sleep next to a machine whose coolers are designed to deal with a couple of kwatt worth of energy - like a major data center server.

[Jog On]

I just did a quick calc using the calculator on this site:

https://www.buybitcoinworldwide.com/mining/hardware

Rig (ASIC): Whatsminer m30s+
Price: $2,500.
Electricity consumption: 3.4kWh
Hash power (TH/s): 100
BTC price: $33k
Electricity cost per kWh: $0.30 (approx 20p)

Running 24x7, this generates $8,800/year in BTC. But it consumes $8,800/year in electricity. In other words, there's no profit and it just breaks even. However, that means you're getting 3.4kWh of free electric heating.

The other thing I'd need to check is how noisy (dB) the fans are in them. It would be a non-starter if they sound like a jet engine.

If you hold the BTC you mine it will be worth more than $33k over time so could be profitable in the long run

[AtW]

If you hold the BTC you mine it will be worth more than $33k over time so could be profitable in the long run

In a million years?

If you are so sure that’s the case why not just buy it on the “exchange”?

[d000hg]

Free, heavily concentrated heat, in your house

I doubt it puts out more heat than a standard radiator. Go read up on your physics about convection and so on.
You might need one in every room which would be an interesting look.

[AtW]

I doubt it puts out more heat than a standard radiator. Go read up on your physics about convection and so on.
You might need one in every room which would be an interesting look.

It wasn’t me who was suggesting this idiotic idea

[d000hg]

It wasn’t me who was suggesting this idiotic idea

It's you suggested a localised heat source was a problem, when that's how UK houses have been heated for about a century.

One could probably install them in floors/ceilings anyway, they even have fans to provide vented heating

[AtW]

It's you suggested a localised heat source was a problem, when that's how UK houses have been heated for about a century.

One could probably install them in floors/ceilings anyway, they even have fans to provide vented heating

Before I block you forever, I'd like just to say that are the biggest doodard on here, and that says a lot given how huge competition is for the COTY title.

ta ta tard

[d000hg]

If only this were true, it would make my day.