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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.
... no longer pays for the electricity bill?
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.
const int one = 65536; (Silvermoon, Texture.cs)
SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
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.
I don't care if it's 90,000 hectares. That lake was not my doing.
Pretty much yes. "Mining" bitcoin means doing the cryptographic work necessary to verify transactions, and that work is automatically rewarded by the system by the generation of new bitcoins for those who do the work.
-Forrest Cameranesi, Geek of all Trades
"I am Sam. Sam I am. I do not like trolls, flames, or spam."
Ehh, maybe it is. I don't exactly go to eastern Europe to often, so I don't exactly know.
Didn't know Siberia had moved to Eastern Europe. I learn a lot on /.
1. Siberia is not in Eastern Europe.
2. There is profit to be made, in several ways. First, you no longer pay for heating, so you save that amount. Then, you make money out of generating cryptocurrency.
3. The guys in TFA have built a prototype and they want to make a business out of it - sell it to people as a heating device.
I keep one room in my home warm during the winter through cryptomining - and make a profit too.
...gis sdrawkcab (usually not responding to ACs; don't bother posting as AC)
You say 200mm thick like we're supposed to be impressed but really, it's only 0.0002km thick.
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