Forbes
Summary
Some miners are turning to creative solutions, such as heat reuse, to create alternative lines of revenue.
Europe based bitcoin company Braiins is pioneering “hashrate heating,” where bitcoin mining machines are repurposed to warm homes and buildings.
Tyler Stevens, author of Bitcoin Mining Heat Reuse, sees this as a powerful answer to mining’s economic challenges.
Stevens told Forbes, “an interesting solution to the challenges that bitcoin miners face is a focus on reusing the heat energy that the machines exhaust.” He goes on to say, “If they're used in applications where electric heat is the primary product, from home appliances to district heating, then the bitcoin earnings are simply a rebate on heating costs. Hashprice and other challenges are largely solved when you need the heat anyway.”
Instead of being wasted, mining heat can be transformed into a useful product.
Continue Reading
#News#bitcoin#DistrictHeating