My point is that if the home user is not paying the tax on mined coins, they are not getting (any mined coins and thus not) a discount on their monthly electric bill, thus what incentive do they have to keep the miner running always?
Warm water or air (or toast, possibly)
I thought these were going to be sold very cheaply nearly free since the electricity cost is the major cost.
Otherwise what incentive do I have to buy one.
Cheaper product cost. It's the subsidized-
handset heater business model.
It is not very compelling. A heater is a major home appliance that lasts for 10 years or more. A cell phone is a device you need to replace every 2 years or so, gets lost, gets stolen, gets dropped, etc.
The NAV of a heater is already very low compared to the much higher monthly expenditure.
The barriers to entry to this space heater market were not $116 million. It hasn't been done because it isn't that compelling.
Bitcoin needs to reach at least 10% adoption before it makes much sense.
A free toaster that requires me to maintain internet access is not free. A free toaster that requires me to troubleshoot connectivity issues is not free. Etc..
Also the heater will need to be replaced more frequently than 10 years due to Moore's law.Not if the manufacturer is receiving all the mined coins revenue but the incentive for the manufacturer to continue customer support to keep the device connected and running declines.