Topic: [2017-11-02] Siberians Use Cryptocurrency Miners to Heat Homes - page 2. (Read 5326 times)

I think they are just going to build one building for miners, and a couple of dozens houses around it with heating system from miner building. Or one big building with 30 - 50 flats in it with heating system in a basement the of that building

lol, this is an original idea... should build mining factory there to provide heat to the city.

I would consider this an idea whose time has come...at least in that Siberian city where people are enjoying lower rate of electricity and at the same there is a need for heat. This is definitely akin to shooting two birds using just one stone. And in similar places all over the world the same idea can be copied. The idea is a great fusion of ecological concerns and economical benefits all rolled into one.

Ideas like this can make our world a much better place to live and can be helpful in pushing the entrepreneurial potential of the people as they are now getting ready to be a part of the cryptocurrency revolution. Right now, similar projects like the use of the power of the sun, wind and water to generate electricity which can be used for mining rigs are getting to be popular and have the support of the many.

A great idea obviously, instead of using coal and oil as fuel. As they have low cost of electricity, it's profitable.
But, my concern is about; Ilya Frolov and Dmitry Tolmachyov, have developed a functioning prototype for an underfloor heating system that utilizes the heat generated by cryptocurrency miners.
Frolov and Tomachyov have stated that they intend to construct around 2,000 “cryptohouses” by 2020 – with each unit providing heat through mining.

They want to construct 2,000 cryptohouses, whether they want to sell the house including ASIC hardware under the house? or they will keep the machines to mining for them? LoL

The fact that the heat allocated from the crypto currency may be used to heat houses was said for a long time. Environmentally friendly and immediately double benefit. If to make large farms, then they would have turned out quite good power stations.

The idea to heat houses with underfloor cryptocurrency heating systems is great. It`s much more useful to mine cryptocurrency in Syberia, than in other warmer regions. Because as i suggest, prefabricated buildings in Irkutsk urban areas has no enough thermal insulation, this city consumes a lot of coal and oil,gas energy, that can be uses both for crypto mining and heating. Great idea.

Siberians Use Cryptocurrency Miners to Heat Homes

RT has reported that citizens of the Russian city of Irkutsk in Siberia have been using cryptocurrency mining to heat their homes. Irkutsk has attracted many cryptocurrency miners due to the city’s cheap power prices.

Two Irkutsk Entrepreneurs Have Developed an Underfloor Heating System Connected to Mining Hardware

Siberians Use Cryptocurrency Miners to Heat HomesLocal entrepreneurs, Ilya Frolov and Dmitry Tolmachyov, have developed a functioning prototype for an underfloor heating system that utilizes the heat generated by cryptocurrency miners. Frolov discussed their prototype with local media, stating “usually mining machines are cooled by blowers; the heat is then released to the atmosphere. We consider this not rational or ecological, that’s why we’ve implemented a concept where the heat from computing operations is used for peaceful purposes of warming houses.”

Frolov and Tomachyov have stated that they intend to construct around 2,000 “cryptohouses” by 2020 – with each unit providing heat through mining.

RT Reports That More Than One Thousand People Are Mining Cryptocurrency in Irkutsk

Siberians Use Cryptocurrency Miners to Heat HomesThe city is reported to be describing itself as “Russia’s informal mining capital,” and is home to a cafe that accepts bitcoin. Irkutsk will also soon host a bitcoin ATM, which was indicated in early October by Anton Friedel – the director of Russian start-up Bbfpro, a company that recently installed ten bitcoin ATMs in Russia’s third most populous city.

Frolov asserts that many cryptocurrency miners are drawn to Irkutsk by the city’s low energy costs – with RT reporting that power prices in Irkutsk are approximately one-fifth of those in Moscow. “The profitability of computing calculation at times exceeds the cost of electricity, that’s why it is rational to use it this way,” Frolov stated. In recent weeks, Mybroadband.co.za published a story featuring a quote from Yury Dromashko, a Russian who sold an apartment to raise the capital needed to establish a bitcoin mining farm in Irkutsk. Mr. Dromashko stated that “mining is a promising business that helps Russians earn hard currency.”

https://news.bitcoin.com/siberians-use-cryptocurrency-miners-heat-homes/

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