Turn Your Mine Into A Central Heating System
Two guys from Siberia have come up with this clever idea and made a prototype house. Bitcoin mines are used to heat the house and they want to expand the idea to other houses en mass.
https://qz.com/1117836/bitcoin-mining-heats-homes-for-free-in-siberia/
The idea really is cool but when you really think about it it shouldn't be such a surprise. The principles are basic thermodynamics, then starting thinking about maximising efficiency around the whole house. You certainly can't say no to a few bitcoin mines earning a bit of money and at the same time saving you money.
Ofcourse it does depend on a colder climate and access to cheap electricity. I wonder how it works though when coupled together with solar panels, wind generators and if it's possible to run from mainly renewable energy.
What a snakepit :D :D
Yea, but if new miners come out, you have to completly replace it.
You have to replace it, but you saved money to heat the house.