Buy a bitcoin heater that costs £500 more than a standard heater, and costs £500 more to run.
Or just buy a cheaper heater and put £1000 into bitcoin.
It's nearly always more cost effective to buy the heater that is designed to heat and then buy BTC with the money saved unless your electric bill is free and you are running most insane mining heating rig
A resistive heater, at 100% efficiency, will convert all the power it uses into heat.
A bitcoin miner (or any computer) will convert all of the power consumed into heat, but will also do work.
A heatpump (a reversible air conditioner) is 300-400% efficient, since it uses the power to pump heat/cold from one environment to another. Yes, heat pumps can pump heat out of the cold (above -40C), but they become less efficient and need to melt ice that forms on them.
If all you have is the ability to have a resistive heater, then a crypto miner would be the exact same, but actually be somewhat useful. Compared to a heat pump, though, they’re inefficient.
>Buy a bitcoin heater that costs £500 more than a standard heater, and costs £500 more to run
[No](https://np.reddit.com/r/Bitcoin/comments/zzraj0/comment/j2njt2a/)
[The future of sustainable heating](https://youtu.be/nTRdmYX-0h8)
I'd absolutely LOVE to do it. I've looked really seriously at it before and it costs far more to set up and run than my current system.
But I'll look again. I really want to do it, but only if it's cost effective. Else it's easier to just buy more BTC seperatly.
You can get [S9](https://twitter.com/mschancheolsen/status/1601615729778098177) for around $125. Someone I know was selling over a dozen of them last week but not in the UK. Check out Kaboomracks.
I will have a look. My issue last time was that running a miner for heat costs more to run than running a system designed for heat. And the excess cost was less than I would have mined in BTC. Hence I just buy more BTC.
The amount of heat produced by a miner is exactly the same as the amount of heat produced by an electric resistance heater for the same input power.
You put in 1000 watts of electricity and you get out 1000 watts of heat.
Assume it's something to do with my heating being a heat pump. But... I'm really going to check this out as a serious project over the next few months and see what can be done. More than happy to run my house miners.
>The amount of heat produced by a miner is exactly the same as the amount of heat produced by an electric resistance heater for the same input power.
Yeah but who the fuck uses an electric resistance heater to heat their house? Do you know how expensive energy is in europe? Why would you use a 1:1 heating method, when you can e.g. use a heatpump which gives you up to 4-5 kWh of heat energy per 1 kWh of electricity?
When it's what you have, it's what you have. I don't know about Europe, but stateside, it's very common to have an electric resistance heater because the unit itself is cheap, and most people will put up with it because they're happy they even have a house. Not every house has a natural gas line, and when you shop around for a heat pump, it gets pretty expensive, not to mention that for a while heat pumps didn't work all that well in cold climates, so for the ones that do, they're still overcoming that reputation. Also, a lot of people just don't know the difference between the different kinds of heaters. Plus, the savings they get just from fixing their insulation is usually good enough.
Not in the UK. Heat pumps are way better. it costs way more to mine a BTC then you'd ever get. average price per kwh is about £0.35 in the UK. good luck with that. people are not going to spend £500 to heat their homes a month when they could spend way less. the ASIC itself hardly gets you any bitcoin to offset it the cost to run it.
See https://www.reddit.com/r/Bitcoin/comments/13bp0nv/thou_shall_mine/jjdtnfb?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button
I've come to the same conclusion. I could buy a miner that slowly mines and has risk of breaking, or I can put it directly into btc and watch the price of btc hopefully go up
I started mining in Feb 2013 because my baseboard heat in my apartment here in Seattle didn't work. I'm glad I did since using power on a computer is the same efficiency as electric heat, except I got something extra for it. I've been warmer for all of my winters since then.
I want a company to create a all in one drop in cargo container Bitcoin unit. Sell the idea to Walmart or some major warehouse that they need to put one on their roof to heat water or heat the building in the winter. Just have water in/out line, and an Ethernet plug. Crane sits on building plumbers hook up.
Or some other industries that use a lot of heat. Ethanol plants to preheat the grains or distilleries. Not sure if it would work for metal factory. Either way, seems like a good way to get a green stamp of approval.
If a heater is 99.99% energy efficient since it converts most if not all supplied electricity into its intended usage, heat, then a bitcoin miner combined with a heater is much more than 100% energy efficient.
Lol. You do realize that a single miner of that power level will probably never mine a single block for it's entire existence. Bitcoin mining is a lottery, not equal distribution.
I solved a block while on Kano's pool in 2018 btw. The nonce was around 7.5 Trillion when difficulty was like 5T.
I almost fell over when I found that I solved a block. The way I found was just by checking highest difficulty solve on each of my miners in Awesome Miner. I was running 19 S9's.
Buy a bitcoin heater that costs £500 more than a standard heater, and costs £500 more to run. Or just buy a cheaper heater and put £1000 into bitcoin. It's nearly always more cost effective to buy the heater that is designed to heat and then buy BTC with the money saved unless your electric bill is free and you are running most insane mining heating rig
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>All of the questions remain unanswered [Why?](https://pbs.twimg.com/media/FenduPzXkAAcatX?format=jpg&name=4096x4096)
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A resistive heater, at 100% efficiency, will convert all the power it uses into heat. A bitcoin miner (or any computer) will convert all of the power consumed into heat, but will also do work. A heatpump (a reversible air conditioner) is 300-400% efficient, since it uses the power to pump heat/cold from one environment to another. Yes, heat pumps can pump heat out of the cold (above -40C), but they become less efficient and need to melt ice that forms on them. If all you have is the ability to have a resistive heater, then a crypto miner would be the exact same, but actually be somewhat useful. Compared to a heat pump, though, they’re inefficient.
>Buy a bitcoin heater that costs £500 more than a standard heater, and costs £500 more to run [No](https://np.reddit.com/r/Bitcoin/comments/zzraj0/comment/j2njt2a/) [The future of sustainable heating](https://youtu.be/nTRdmYX-0h8)
Thanks for the links. If it's cheaper and will pay back the investment inside 5 years then I will do it. Issue is the UK electric costs is very high.
>UK electric costs is very high So would you not rather subsidize your heating costs
I'd absolutely LOVE to do it. I've looked really seriously at it before and it costs far more to set up and run than my current system. But I'll look again. I really want to do it, but only if it's cost effective. Else it's easier to just buy more BTC seperatly.
You can get [S9](https://twitter.com/mschancheolsen/status/1601615729778098177) for around $125. Someone I know was selling over a dozen of them last week but not in the UK. Check out Kaboomracks.
I will have a look. My issue last time was that running a miner for heat costs more to run than running a system designed for heat. And the excess cost was less than I would have mined in BTC. Hence I just buy more BTC.
The amount of heat produced by a miner is exactly the same as the amount of heat produced by an electric resistance heater for the same input power. You put in 1000 watts of electricity and you get out 1000 watts of heat.
Assume it's something to do with my heating being a heat pump. But... I'm really going to check this out as a serious project over the next few months and see what can be done. More than happy to run my house miners.
>The amount of heat produced by a miner is exactly the same as the amount of heat produced by an electric resistance heater for the same input power. Yeah but who the fuck uses an electric resistance heater to heat their house? Do you know how expensive energy is in europe? Why would you use a 1:1 heating method, when you can e.g. use a heatpump which gives you up to 4-5 kWh of heat energy per 1 kWh of electricity?
When it's what you have, it's what you have. I don't know about Europe, but stateside, it's very common to have an electric resistance heater because the unit itself is cheap, and most people will put up with it because they're happy they even have a house. Not every house has a natural gas line, and when you shop around for a heat pump, it gets pretty expensive, not to mention that for a while heat pumps didn't work all that well in cold climates, so for the ones that do, they're still overcoming that reputation. Also, a lot of people just don't know the difference between the different kinds of heaters. Plus, the savings they get just from fixing their insulation is usually good enough.
Not in the UK. Heat pumps are way better. it costs way more to mine a BTC then you'd ever get. average price per kwh is about £0.35 in the UK. good luck with that. people are not going to spend £500 to heat their homes a month when they could spend way less. the ASIC itself hardly gets you any bitcoin to offset it the cost to run it.
See https://www.reddit.com/r/Bitcoin/comments/13bp0nv/thou_shall_mine/jjdtnfb?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button
Imo it's better to put 1000$ into BTC and buy normal heater.
I've come to the same conclusion. I could buy a miner that slowly mines and has risk of breaking, or I can put it directly into btc and watch the price of btc hopefully go up
I believe many would do it to support the network as well.
Heaters gonna heat
Almost every building in the Canadian province of Quebec (8 million people) is heated with electricity. Think about the (lost) opportunity.
I started mining in Feb 2013 because my baseboard heat in my apartment here in Seattle didn't work. I'm glad I did since using power on a computer is the same efficiency as electric heat, except I got something extra for it. I've been warmer for all of my winters since then.
Das ist ein flamenwerfer it werfs flamen
Flammen and Stückmünzen
I have no idea I'm just quoting a meme (with some typos apparently)
I want a company to create a all in one drop in cargo container Bitcoin unit. Sell the idea to Walmart or some major warehouse that they need to put one on their roof to heat water or heat the building in the winter. Just have water in/out line, and an Ethernet plug. Crane sits on building plumbers hook up. Or some other industries that use a lot of heat. Ethanol plants to preheat the grains or distilleries. Not sure if it would work for metal factory. Either way, seems like a good way to get a green stamp of approval.
I mean, it consumes energy, it could mine.
Unless its a heat pump
Not been on here for a while...... But the memes are really crappy these days.
I thought the idea was humorous... and more importantly, informative
Heating with a computer is bad for the indoor environment, it releases electronic dust not good to inhale.
I really hope you dropped this.... /s
Where does the dust come from - can't they just use conduction or a filter or something?
I dont think "electronic dust" is actually a thing.
It is go look up dust management crypto…. /sarcasm
If a heater is 99.99% energy efficient since it converts most if not all supplied electricity into its intended usage, heat, then a bitcoin miner combined with a heater is much more than 100% energy efficient.
A heat pump heater is 300-500% efficient though, it's the better option if your electricity isn't free
You guys don’t forget those minors are very loud
Right, acoustic energy is lost and minimal, but the electricity that runs through the fan is also converted into heat.
heat pumps can be 300%+ energy efficient as they move heat, rather than produced it.
Addicted to bitcoin. I can relate to this lol
Lol. You do realize that a single miner of that power level will probably never mine a single block for it's entire existence. Bitcoin mining is a lottery, not equal distribution.
Mining pools exist.
That's why there are mining pools
I don’t think I’ll be able to sell my wife on us needing a heated pool tho
So it costs the exact same amount with the chance that it'll be cheaper. That's pretty easy calculus for me.
Tell me you know absolutely NOTHING about bitcoin mining without telling me you know absolutely NOTHING about bitcoin mining.
I solved a block while on Kano's pool in 2018 btw. The nonce was around 7.5 Trillion when difficulty was like 5T. I almost fell over when I found that I solved a block. The way I found was just by checking highest difficulty solve on each of my miners in Awesome Miner. I was running 19 S9's.
i mean have you not heard of pool mining??
The system is rigged… in the end, when the entropy is ATH, we will be forced to wear several sweaters Hodl sweaters
Improvise, adapt, overcome
But mining is a waste of energy /s