Over the years, there have been many innovations in the field of bitcoin mining. There have also been innovations in the field of heating. However, it is not every day that you see when these two fields are combined, but that is just what a company from Ukraine called Hotmine has done. Their creation has the capability of providing heating while still mining Bitcoin. It is an interesting item for anyone who is interested in mining cryptocurrency.
What is the Heater Miner?
The company has called their product the Hotmine CM-1 Quiet Heater. It looks and works similarly to a typical heater that you might have in your home. However, as it works and provides heat, it is also mining cryptocurrency for you. The invention is able to provide earnings of about $10 a month, even after taking into account the cost of electricity. The miner-heater also works quietly, which is a benefit that you won’t find with many of the typical miners that are on the market.
The heater utilizes Bitfury Clark chips, which are known to be energy-efficient while still providing up to 11 terahash/second. The first prototype for the miner was unveiled in April of 2019. The cost of the miner is $800. While this might seem like a lot of money for a heater, it is a unique way to heat the home and be involved in cryptocurrency mining at the same time.
One of the benefits of the miner is that there aren’t any fans in it, which helps to keep it quiet, as mentioned. The heat from the miner will move right into the radiator and can provide enough heat for up to 10 square meters. Because miners are known to generate quite a bit of heat on their own, it is a smart idea to utilize that heat in such a way. It is amazing that other companies hadn’t thought of using what some see as a drawback to miners as an actual selling point. The heat isn’t wasted. Instead, it is put to use.
While this miner will mine Bitcoin, the company has said that they are interested in the overall cryptocurrency field and will work on more than just Bitcoin miners. Currently, the company provides miners to a number of countries around the world, including the United States. Some of the other countries to which the company supplies miners include Korea, India, and Russia. The company started working on immersion cooling technology in 2013, which was when development started for the immersion cooling miner.
Although the miner might not be the most powerful option on the market, those who are looking for a quality miner that can pull double duty and provide heating may want to consider getting one or more of these. They can help to provide a small amount of money to help offset the cost of heating, and they are a unique item that you might want to have in your home.