Hotmine’s Bitcoin Miners Are Using Mining Rigs To Heat Homes In Eastern Siberia
Oles Slobodenyuk, the CEO of Hotmine, has created a very interesting product. His company decided to create a Bitcoin mining machine that could be used as a way to heat homes. The place in which it will be used? Siberia, one of the world’s coldest regions.
The idea of his project is to be able to sell at least 200,000 mining devices that can also be used as heaters. Crypto mining generally heats up a lot, so the idea is really useful. The company’s goal is to offer the ability to heat houses in at least 80% of the devices sold.
According to him, the miners will not be so potent as industrial ones, but they will be very useful. They can provide a lot of heat at the same time that they can make around $55 USD per month. This way, the owner will not only spend money heating the house but also make some cash at the same time.
With local electricity being around one to two cents per hour, the heater would spend around $10 USD to be used, so the profit would be $45 USD. Free heating for all, it seems.
This company was founded in 2013 and it has grown up a lot recently. Mostly due to the creativity of its leads and their ability to tackle problems and find interesting solutions.
Slobodenyuk is not only an inventor but also an idealist. He believes that crypto mining should be more decentralized. According to him, each house should have its own full node, which is the only real way to provide all the needed decentralization to mining.