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Americans are heating their homes with $BTC ✨🔥 this winter


Entrepreneurs are racing to repurpose and capitalize on heat that is wasted in cryptocurrency mining.

Bitcoin mining generates enough heat annually for Finland’s needs, but most goes up into the air, according to an analysis from digital assets brokerage K33.

That’s led to recent innovations like a $900 space heater that also doubles as a bitcoin mining rig, but skeptics say the growing crypto home heating market is an inefficient method of providing warmth and managing energy bills.

As winter’s chill settles in across the U.S., and electricity bills become a bigger budgeting issue, most Americans will rely on their usual sources of warmth, such as home heating oil, natural gas, and electric furnaces. But in a few cases, crypto is generating the heat, and if some of the nascent crypto heat industry’s proponents are correct, someday its use as a source within homes and buildings will be much more widespread.

The concept of using crypto mining or GPU compute to heat homes is clever in theory because almost all the energy consumed by computation is released as heat,” said Andrew Sobko, founder of Argentum AI, which is creating a marketplace for the sharing of computing power. But he added that the concept makes the most sense in larger settings, particularly in colder climates or high-density buildings, such as data centers, where compute heat shows real promise as a form of industrial-scale heat recapture.
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