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Topic: [FUN]Heatbit Is the First Space Heater That Mines Bitcoin - page 2. (Read 328 times)

legendary
Activity: 2828
Merit: 6108
Blackjack.fun
Um, wasn't there already one of these years ago that never got off the ground?

Not just one quit a few:
- Carnot, abandoned, the page doesn't exist anymore, I know it was extremely expensive
- Hotmine, didn't get anywhere with their project, was present on this forum
- Tresorio, the website is in French, so in short, it's a 14 400 euros , 60 - 140 TH/s hashing power, 120 L water heater. Since you can get the same heater from Bosch or Ariston for 400 euros here in EU and buy nearly one BTC now with the spare, I guess there won't be that many takers either
legendary
Activity: 4466
Merit: 1798
Linux since 1997 RedHat 4
Um, wasn't there already one of these years ago that never got off the ground?

As for heating rooms, well yeah it's been done for years with old 750-1kW miners in slow/low fan mode.
I myself started doing it many years ago and posted about how to do it Tongue
legendary
Activity: 2828
Merit: 6108
Blackjack.fun
Yes I read in a comment if there will be any possibility to add all these smart devices to Heatbit Heater later?

You know too well there was never such a comment, the whole situation is pretty simple, you still believed you were in some art contest like the pumpkin one, overreacted to the news, and added some features. Why not say it? You believed this would be cool so you decided to add them on your own, just as there was no comment, you didn't commit any crime by photoshopping that and you don't need to find some alibi for it!  Wink

Even if it is true, why would that be an upside if you can just use a regular coffee/speaker that cost less and probably more reliable? At the end of the day if you want to buy something like this your goal is probably to mine BTC, not for owning an all-in-one electronic device.

I would say that the goal here is to offset power costs, more like getting cheaper heat than actually using this to mine bitcoins for your won stash, although in my opinion it quite fails even at this. As for the other stuff, of course there is no upside, we don't have right now a heater that makes coffee and has speakers that sells in thousands, right? So if this kind of thing is not produced it means there is no market for it, and adding a bitcoin miner on top of a product that doesn't sell won't make it more attractive either. That's why they aren't planning on doing it either.
legendary
Activity: 2170
Merit: 1789
Yes I read in a comment if there will be any possibility to add all these smart devices to Heatbit Heater later?
Which comment are you referring to? I don't see any mention of that in this thread except for your edited post. I don't even see that on the official website. Even if it is true, why would that be an upside if you can just use a regular coffee/speaker that cost less and probably more reliable? At the end of the day if you want to buy something like this your goal is probably to mine BTC, not for owning an all-in-one electronic device.

What the manufacturer stated regarding the future of these devices is about upgradability[1]. They claim the plan is to make new and old devices upgradable with new ASIC, but the details are unknown. Other than that, there's no mention of expanding the functionality of the device unless I missed it.

[1] https://www.heatbit.com
LDL
hero member
Activity: 588
Merit: 582


No, it's not! and please don't fake stuff, It's not a speaker it's not a coffee maker!
And if you think of putting that coffee maker on top of it, no it won't work since it's limited at 60C, you'll brew coffee with that by next xmas!
Sorry for mistakes.
Heatbit only used for heating the room and mining bitcoin.
While writing, I accidentally add extra features that are unnecessary.
Yes I read in a comment if there will be any possibility to add all these smart devices to Heatbit Heater later?
legendary
Activity: 2828
Merit: 6108
Blackjack.fun


No, it's not! and please don't fake stuff, It's not a speaker it's not a coffee maker!
And if you think of putting that coffee maker on top of it, no it won't work since it's limited at 60C, you'll brew coffee with that by next xmas!

A heatbit Heater Mining 1$ bitcoin per day and $30 bitcoin per month. So You are getting your electric bill from this heater.

The only way to get your electrical bill covered by this would mean to pay around 3 cents per kWh, and again, you would pay your electricity bill 3 years in advance with this thing without knowing what will be in place next year!

Not only that, but you can also use this heater to save electricity, use a loud speaker to listen to music, and make your daily tea and coffee.

When you do this kind of wild claim twice can you please quote where on the official website does the manufacturer himself claim such things?

LDL
hero member
Activity: 588
Merit: 582
Heatbit (Heat+Bitcoin ) A combined device used to heat rooms from cold in colder countries. But the surprising thing is that the room heater is not only used for heating the room but it is used for various multipurpose purposes.
Heatbit normally power consumption 1400-1500Watt . The power consumption of a mining rigs is the same, the advantage is that you need exactly the same amount of electricity as a mining machine in a heatbit heater.  Apart from heating the room, you can also do bitcoin mining from the heater.
A heatbit Heater Mining 1$ bitcoin per day and $30 bitcoin per month. So You are getting your electric bill from this heater.
legendary
Activity: 2828
Merit: 6108
Blackjack.fun
If you want to play with a cool new toy for a while or just aesthetics, yeah, go for it!
If you look from the $ perspective, it makes no sense.

Option 1
-You spend $1200 on the bitcoin heater, at 14th it will generate 85 cents a day and 25$ a month if you're going to run it full 24/7, assuming 6 months of continuous heating needs (which is not really needed except if you live up north, like really north and in the mountains)  you're going to earn 150$ in Bitcoins each year
Option 2
- You spend 150$ on this heater 1400W heater, note that  I haven't picked the cheapest one, that will generate the same heat, and you use the remaining 1050$ to buy coins, now!

Since obviously, you can't increase your profits from mining without BTC going really up and thus increasing also the $1050 equivalent in BTC you've got this angle covered. The other way would be for the difficulty going down, but I don't see that coming, and not by a percentage to offset the above by much!
legendary
Activity: 1610
Merit: 1026
Heatbit Is the First Space Heater That Mines Bitcoin, Founder Says
The newfangled device looks like a high-end space heater but uses integrated circuitry to process bitcoin transactions.
That heat, according to the official Heatbit site, is enough to warm 500 square feet of space. The kicker is, if you run the heater 24 hours a day at a bitcoin price of $20,000, the device will put $30 back into your pocket every month to help cover your electricity bill. Given the jump in energy costs last year, that capability may offer consumers some incentive.
https://www.coindesk.com/business/2023/01/03/heatbit-space-heater-will-also-mine-bitcoin/

Since some will ask: still not sure if we broke even, net of electricity costs, on the box. But ended up w/ about $2K+ worth of crypto for a $700 box.
https://twitter.com/adamnash/status/1569486065026879489?
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