Heating a house with bitcoin mining

The sheer amount of computational resources required to process blockchain transactions, and release new amounts of these currencies, requires large amounts of electricity. Just like any electronic device, these heavily customized computers also produce heat — lots of heat. Heatmine , a crypto mining start-up based in Quebec, thinks it has found a way to address them both, while benefiting other businesses at the same time. The Heatmine concept, on its face, is brilliantly simple: If mining creates unwanted waste heat, put the miners where that heat can be used.

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WATCH RELATED VIDEO: Mini Bitcoin Farm Inside A HVAC System Using Antminer s7 To Heat My House for FREE

Mining Crypto to Heat Your House? Meet the Heatbit

French startup Qarnot unveiled a new computing heater specifically made for cryptocurrency mining. And this computer is optimized for mining. While most people use laptops, back in the golden days of computer towers, you could heat a room with a couple of desktop computers.

Qarnot started thinking about edge computing for data centers back in The company has built three generations of computing heaters with multiple CPUs and sold them to construction companies looking for heaters for their new buildings.

In other words, Qarnot has built a decentralized data center. That could be particularly useful for the Summer. And now, the company is selling its first devices to end users directly. You can set it up in a few minutes by plugging an Ethernet cable and putting your Ethereum wallet address in the mobile app. If you believe ZCash or another cryptocurrency is the future, you can also access the computer and mine another cryptocurrency.

There are also traditional heating conductors in case those two GPUs are not enough. The company hopes to sell hundreds of QC1 in the next year. Mining has become increasingly harder if you have to pay the electricity bill. But you still need to heat your home during those cold days of winter. So why not mine at the same time.

Heat Recovery For GPU and ASIC mining rigs

Especially since all heat and warm water in my low-energy house is made with electricity. I do have 4. Nilan Compact P. Heating air and also has a L boiler. My house is heated and cooled with a central ventilation system powered by a heat pump. Basically my heat pump is pulling in fresh air from outside, heating it and blowing it in all rooms and making hot water. Also I have infrared panels in every room for the really cold days.

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This dude is heating his own house with Bitcoin Mining equipment

The crypto craze has had its ups and downs, but blockchain, the technology behind such currencies as Bitcoin and Ethereum, is gaining in steam across multiple industries, from solar energy to healthcare applications. In Bitcoin mining required as much energy as the total energy consumption of Greece. Paris-based Qarnot Computing , whose q. The default configuration of the QC-1 is designed to mine the most profitable of 3 top currencies: Ethereum, Zcash and Monero. The company will push updates out in order for the system to adapt the evolution of the markets. For those users with coding skills, Qarnot will provide GitHub access to allow use of the graphic processing units GPUs to mine other currencies. Qarnot says the product is absolutely noiseless, as it has no fan or hard drive.

Bitcoin mining blamed for heating Seneca Lake in N.Y. to ‘hot tub’ temperatures

heating a house with bitcoin mining

The City of North Vancouver is set to become the first city in the world to use bitcoin mining for building heating needs, specifically for the district energy utility. According to a release, the city-owned Lonsdale Energy Corporation LEC has reached a deal with MintGreen, a Burnaby-based clean-tech crypto mining company, to use recovered heat electricity from bitcoin mining to help heat nearly residential and commercial buildings connected to the district energy utility. These computer systems run at full capacity daily throughout the year. The use of this low-carbon heat source for LEC will begin in , and over the term of the partnership, it is expected to reduce 20, tonnes of greenhouse gas emissions from entering the atmosphere per megawatt compared to natural gas. By using this energy twice for both bitcoin mining and heating needs , it eliminates waste and makes this project one of the greenest in the space.

During operation, any computing device generates heat that needs to be utilized which is why some IT companies build their data centers in cold climates.

Polish Miner Uses Solar Panels to Mine Bitcoin, Heat His House

Tesla CEO Elon Musk shook the crypto market earlier this year when he said his company would no longer accept Bitcoin for vehicle purchases. His May 13 tweet cited an increase in the use of coal and other fossil fuels to generate the power used for mining as the reason behind his decision. Bitcoin's value dropped after that tweet and continued to fall for weeks. Bitcoin, Ethereum, Dogecoin and other popular cryptos reached record or near-record highs this year, raising concerns about the amount of energy needed to mine the coins. Warehouses of Bitcoin mining rigs run 24 hours a day, consuming more power than the whole of Argentina.

North Vancouver to use Bitcoin mining to heat homes.

Hotmine CEO Oles Slobodenyuk couldn't have picked a better place to pitch his product: a bitcoin mining rig that doubles as a home heating appliance. Irkutsk, Eastern Siberia, is famously cold in the winter, when subzero temperatures are the norm. So a few weeks ago, when Slobodenyuk took the stage at the Baikal Blockchain and Crypto Forum with one of Hotmine's little white boxes in tow, he opened with a joke about the warm August weather. Eventually, Slobodenyuk told the crowd, Hotmine aspires to sell up to , of its devices to Irkutsk residents. But the Ukraine-based company's ultimate ambitions are even greater. It's a lofty goal, given that the four largest mining pools controlabout 60 percent of the total hashrate, or processing power devoted to securing the bitcoin network, according to BTC. But like bitcoin itself, Hotmine will seek to employ economic incentives to achieve its decentralist ideals.

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‘Green Bitcoin Mining’: The Big Profits In Clean Crypto

This is a post in part to help my Nana explain to people what the noisy thing in her dining room is and why anyone would want that. This is the first post in a series. I have spent the weekend at my Nanas house after travelling to Newport last week You could still buy petrol back then. Last week I went to pick up an Antminer s19 pro.

This cryptocurrency mining rig can also heat your home

Summer on Seneca Lake, the largest of the Finger Lakes in upstate New York, is usually a time of boating, fishing, swimming and wine tasting. But for many residents of this bucolic region, there's a new activity this season — protesting a gas-fired power plant that they say is polluting the air and heating the lake. They have increased the electrical power output at the gas-fired plant in the past year and a half and use much of the fossil-fuel energy not to keep the lights on in surrounding towns but for the energy-intensive "mining" of bitcoins. Bitcoin is a cryptocurrency — a digital form of money with no actual bills or coins. The computers earn small rewards of bitcoin by verifying transactions in the currency that occur on the internet around the world.

For example, gas heating and central heating from a city boiler are usually using for heating your homes, greenhouses, manufacturing premises, industrial fruit and vegetable dryers.

Some locals say a bitcoin mining operation is ruining one of the Finger Lakes. Here's how.

Two guys from Siberia have come up with this clever idea and made a prototype house. Bitcoin mines are used to heat the house and they want to expand the idea to other houses en mass. The idea really is cool but when you really think about it it shouldn't be such a surprise. The principles are basic thermodynamics, then starting thinking about maximising efficiency around the whole house. You certainly can't say no to a few bitcoin mines earning a bit of money and at the same time saving you money. Ofcourse it does depend on a colder climate and access to cheap electricity.

Bitcoin Mining and Cryptocurrency Data Centers

A Canadian miner posted an interested tweet today, showing an image of his house being heated with the excess energy created by his bitcoin miners. This is the prototype Francis is referring to. It completely and comfortably heat my sqft home, at my desired temperature during Quebec winters. The excess of heat is extracted outside.

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  1. Gilibeirt

    Unmatched theme, I really like :)