Let's turn every resistor on earth into a miner.
Utilizing cryptocurrency mining units offers a way to reduce the economic burden of heating and hot water preparation.
The cryptocurrency generation was performed using ASIC ANTMINER S19 PRO HYDRO units with water cooling. The combined electric water-based thermal generator consisted of a Bitcoin mining module with a maximum capacity of 5 kWh, and an electric joule indirect flow-through heat exchanger module with a maximum capacity of 9 kWh.
The energy efficiency coefficients of the mining-based thermal generator were determined. Considering the depreciation of the heat generator's cost, the compensation for electricity rates from cryptocurrency generation amounted to 0.03–0.04 USD/kW annually.
And I suspect this is without a whole lot of optimization. Who's setting up the business that buys all the old mining rigs from miners who pivot to AI and turns them into water heaters and toaster ovens?
I don't know who's setting up that business but I would love to help.
what's a "cryptocurrency" miner?
They can just say bitcoin
Yeah, it's funny how the academic term has come to be "cryptocurrency" -- but it's totally Bitcoin.
It seems like it's bitcoin whenever it's something cool and useful and shitcoins whenever it's something stupid.
They call it inside the paper:
Does one of these generate enough heat for a shower, a sink faucet, or what?
ps: residential heating
For cold places only
I'd think so, yes