The Electric Heater that earns you money

[Ultegra134]

I just stumbled upon this on Facebook, I am not familiar with Bitcoin mining, so any hash rate, information etc. are quite unknown to me. It's definitely not the appropriate miner to earn Bitcoin, but it's an appliance you can actually use for heating and earn money doing it!

According to the manufacturer's website, it's 1300 watts, mobile app controlled,  provides with 14 TH/S (max) hashing power, and is capable of keeping a 150-170 square feet area warm (Approximately 14-17 square meters). On top of that, it looks really stylish and isn't bulky at all, perfect where space is limited. Not bad at all!

On the other hand, the preorder starts from $849, providing that you choose late delivery of December 2021, instead of the earliest which is September 2021 ($999). Despite its high price, I believe that it's a really cool and interesting project, I can't wait to see how it turns out.

https://heatbit.com/

P.S I am in no way affiliated with the product, I saw an advertisement and thought it was interesting.

[1715432675]

1715432675

[1715432675]

1715432675

[1715432675]

1715432675

[1715432675]

1715432675

[1715432675]

1715432675

[kano]

Alas, it's nothing new.
I've been doing this for MANY years with Avalon miners as have many others.
The issues with miners is getting them quiet enough, which is possible with the A7 and A8 series miners without any hardware changes at all.

Anyway, the issues with what you've linked here, is the ridiculous loss of money it implies.
Giving someone money now, for an old slow miner that you wont get until the end of the year in spring/summer (or more likely later), so it will generate nothing until then, and be useless when you get it since it wont be winter, and by then those old slow miners will probably be lucky to generate pennies a days when running, all seems a rather bad idea.
With the mining specs of 1300W for 14TH it is indeed an 'old slow miner' - even worse performance than an old S9

It's simply yet another case of someone jumping on the bandwagon and trying to fleece people of their money.
The world is currently full of people who think they can make a quick fortune with Bitcoin - usually by using the word 'Bitcoin' to attract the unwary or greedy and profit from their poor decisions.

[Ultegra134]

Alas, it's nothing new.
I've been doing this for MANY years with Avalon miners as have many others.
The issues with miners is getting them quiet enough, which is possible with the A7 and A8 series miners without any hardware changes at all.

Anyway, the issues with what you've linked here, is the ridiculous loss of money it implies.
Giving someone money now, for an old slow miner that you wont get until the end of the year in spring/summer (or more likely later), so it will generate nothing until then, and be useless when you get it since it wont be winter, and by then those old slow miners will probably be lucky to generate pennies a days when running, all seems a rather bad idea.
With the mining specs of 1300W for 14TH it is indeed an 'old slow miner' - even worse performance than an old S9

It's simply yet another case of someone jumping on the bandwagon and trying to fleece people of their money.
The world is currently full of people who think they can make a quick fortune with Bitcoin - usually by using the word 'Bitcoin' to attract the unwary or greedy and profit from their poor decisions.

I'm not familiar with mining, it just looked interesting that's why I posted it. After taking a look at their profit calculator, it will require quite a lot of time to reach ROI, since it's not something that you can actually run 24/7, because it's actually a heater at the same time. I'll have to agree with you though, the amount of money they are requesting for this is ridiculous.

[Shymaa-Arafat]

I have a question on Electric heater mining:
I 1st heard about it in Princeton Bitcoin lectures (from 2015 & available on YouTube).
They said that the electric heaters company is the one that mines & get the reward, so I wonder do they tell their customers?
Shouldn't the customers know that something is sent back from their home heater and the involved threats?
-like whenever there is a network there's always a possibility of hacking or spying.
-Like has anyone traced the heating/electricity risks or accidents ratio? Meaning a regular heater stops when it reaches a certain temperature do those ones stop or like completes the trial they started first???
-In general the clear Q has anyone compared the accidents (explosion/fire/...) statistics???
.
I had more resources for this, but I can only find this right now
https://m.facebook.com/story.php?story_fbid=859046344516012&id=670903396663642
I'll add later.
Here is it
https://www.coindesk.com/bitcoin-miners-are-heating-homes-for-free-in-frigid-siberia

[FP91G]

https://heatbit.com/

P.S I am in no way affiliated with the product, I saw an advertisement and thought it was interesting.

I saw heaters from other manufacturers in 2017.
849 dollars for 14 TH / S and 1300 watts, I think that in December it will be a very small hash rate and the profit will be minimal.
Such a heater for an area of 14-17 square meters can be purchased for $ 60. Therefore, it is better now to buy several S9 ASICs for this amount.

[BitMaxz]

I saw heaters from other manufacturers in 2017.
849 dollars for 14 TH / S and 1300 watts, I think that in December it will be a very small hash rate and the profit will be minimal.
Such a heater for an area of 14-17 square meters can be purchased for $ 60. Therefore, it is better now to buy several S9 ASICs for this amount.

If you don't want to pay for the Electricity bill and want to earn some profit then much better to buy a higher ASIC miner than buying an S9 miner.

The only problem with Antminer they are too loud to run in the room compared to the ASIC miner posted by the OP.

[FP91G]

I saw heaters from other manufacturers in 2017.
849 dollars for 14 TH / S and 1300 watts, I think that in December it will be a very small hash rate and the profit will be minimal.
Such a heater for an area of 14-17 square meters can be purchased for $ 60. Therefore, it is better now to buy several S9 ASICs for this amount.

If you don't want to pay for the Electricity bill and want to earn some profit then much better to buy a higher ASIC miner than buying an S9 miner.

The only problem with Antminer they are too loud to run in the room compared to the ASIC miner posted by the OP.

It all depends on the cost of electricity.
In my country, a used S9 ASIC costs $ 100-150 without a power supply. Electricity can be paid at $ 0.025 per kilowatt in my country. S9 ASIC can be overclocked by using liquid cooling. Payback: 3-4 months
In the summer you will feel uncomfortable in a room with a heater
Asik should not be placed in a living room, they need a separate room.

[Ultegra134]

https://heatbit.com/

P.S I am in no way affiliated with the product, I saw an advertisement and thought it was interesting.

I saw heaters from other manufacturers in 2017.
849 dollars for 14 TH / S and 1300 watts, I think that in December it will be a very small hash rate and the profit will be minimal.
Such a heater for an area of 14-17 square meters can be purchased for $ 60. Therefore, it is better now to buy several S9 ASICs for this amount.

I also noticed that based on their calculator, it will reach ages to reach ROI, on top of that, you can't keep it 24/7 since it's actually a heater. It seemed like an interesting project but in reality, it's not an affordable one. Too expensive to buy, too little to earn. I'm not familiar with the mining industry and thought it looked cool, but it's definitely not.

[Sincere_]

Nice concept! Wanted to know is there an option to run it without heat ie summer times? If not there would be alot of down times harder to get ROI.

[kano]

Nice concept! Wanted to know is there an option to run it without heat ie summer times? If not there would be alot of down times harder to get ROI.

Mining generates heat, so not wanting heat is always down time.

[Ultegra134]

Nice concept! Wanted to know is there an option to run it without heat ie summer times? If not there would be alot of down times harder to get ROI.

Mining generates heat, so not wanting heat is always down time.

Now you've reminded me of my only hands-on experience I had with mining. It was at least 2-3 years ago, 2017 if I am not mistaken, where Altcoin mining was really popular. I was using my standard PC, which was then upgraded with two GPUs for the sake of mining, the software being used was Nicehash.

The profit back then was pretty decent, I was mining from early August or September till the winter months, February if I remember correctly. The heat it was generating during winter could potentially act as a small heater for sure. As you can imagine, having a desktop PC, running 24/7, with overclocked GPUs, it generated quite a lot of heat.

[FP91G]

Nice concept! Wanted to know is there an option to run it without heat ie summer times? If not there would be alot of down times harder to get ROI.

Mining generates heat, so not wanting heat is always down time.

Now you've reminded me of my only hands-on experience I had with mining. It was at least 2-3 years ago, 2017 if I am not mistaken, where Altcoin mining was really popular. I was using my standard PC, which was then upgraded with two GPUs for the sake of mining, the software being used was Nicehash.

The profit back then was pretty decent, I was mining from early August or September till the winter months, February if I remember correctly. The heat it was generating during winter could potentially act as a small heater for sure. As you can imagine, having a desktop PC, running 24/7, with overclocked GPUs, it generated quite a lot of heat.

The amount of heat that your computer generates depends on the graphics cards that are installed in it. If you have 2 video cards GTX 1060, then the heat will not be too noticeable.
If you have 2 video cards GTX 1080 Ti, then this is a potential heater for half a kilowatt.
This is not enough to heat the room, but it is enough to warm your feet in winter.

[NotFuzzyWarm]

The amount of heat that your computer generates depends on the graphics cards that are installed in it. If you have 2 video cards GTX 1060, then the heat will not be too noticeable.
If you have 2 video cards GTX 1080 Ti, then this is a potential heater for half a kilowatt.
This is not enough to heat the room, but it is enough to warm your feet in winter.

This is the Bitcoin mining area - not the alt crapcoins area.

As such, folks here use ASIC-based miners and most draw over 1.25kw each, modern ones are over 3kw each. Aside from the noise issue they make EXCELLENT heaters.

[Ultegra134]

Nice concept! Wanted to know is there an option to run it without heat ie summer times? If not there would be alot of down times harder to get ROI.

Mining generates heat, so not wanting heat is always down time.

Now you've reminded me of my only hands-on experience I had with mining. It was at least 2-3 years ago, 2017 if I am not mistaken, where Altcoin mining was really popular. I was using my standard PC, which was then upgraded with two GPUs for the sake of mining, the software being used was Nicehash.

The profit back then was pretty decent, I was mining from early August or September till the winter months, February if I remember correctly. The heat it was generating during winter could potentially act as a small heater for sure. As you can imagine, having a desktop PC, running 24/7, with overclocked GPUs, it generated quite a lot of heat.

The amount of heat that your computer generates depends on the graphics cards that are installed in it. If you have 2 video cards GTX 1060, then the heat will not be too noticeable.
If you have 2 video cards GTX 1080 Ti, then this is a potential heater for half a kilowatt.
This is not enough to heat the room, but it is enough to warm your feet in winter.

Yeah totally, I'm not implying that my build was enough to generate heat, but it was enough to notice if you were sitting on the desk right next to it. It's fascinating though that Antminers have such mining capabilities, that it's enough to generate enough heat for a small room.