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Bitcoin Mining Heats Home For Free In Siberia (qz.com)

Quartz has published a video on YouTube about two entrepreneurs who have figured out how to heat their homes for free by mining bitcoin. The "miner" -- that is, the machine mining the bitcoins -- warms up liquid that is then transferred to the underfloor heating system. The cottage has two miners, which bring in about $430 per month from processing bitcoin transactions -- all while keeping the 20 square meter space warm.

4 of 106 comments (clear)

  1. Are they prepared to freeze once their mining... by ffkom · · Score: 3, Insightful

    ... no longer pays for the electricity bill?

  2. Re:So I guess Elecrity is free in Siberia? by AmiMoJo · · Score: 3, Insightful

    I guess they mean that the value of the bitcoins covers the electricity cost. They must have some pretty serious mining capacity to earn enough and produce a several kilowatts of heat.

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  3. Re:So I guess Elecrity is free in Siberia? by Jeremi · · Score: 3, Insightful

    Ehh, maybe it is. I don't exactly go to eastern Europe to often, so I don't exactly know. But it seems like someone really isn't thinking this headline thorough and instead were just looking for headline.

    Doubtful, but if you make enough money mining bitcoins to pay your for power bill, then your home heating is paying system for itself and therefore effectively free (outside of the initial capital cost, of course). I think that is what they were getting at.

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  4. Re:So I guess Elecrity is free in Siberia? by DontBeAMoran · · Score: 3, Insightful

    You say 200mm thick like we're supposed to be impressed but really, it's only 0.0002km thick.

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