Sounds like 10 years of lock-in to me. The manufacturer will be getting coins until it breaks down or is replaced. Nice revenue stream.
Was than a rebuttal? Any factual points? A consumer is going to sign a 10 year lockin on insignificant NAV gain
ASIC mining has only been around for 18 months or so.
2013 seems like 10 years ago to me I guess. It could have been done with GPUs before that. Miners were very resourceful. They didn't find a market demand. Bitcoin's market isn't that large yet.
Heating is not fungible with mining.
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There is another reason you idea can't possibly work. The consumer will demand the heater works even when connectivity is down
That's easy to do. Just mine and burn the hashes. The business case for the subsidy is that the manufacturer will mine a lot of BTC, not that uptime will be 100%.
You miss the point. The consumer has no incentive to ever connect then.
Sorry heating and mining are not fungible. The overlap where it will work is small and especially tiny in a tiny Bitcoin adoption market.
Solar water heating is 90% cost reduction. What percentage of the population uses it? And it doesn't have to maintain connectivity.
What happens when I move? My heater's subsidized connectivity moves too? (That was Eric Raymond's famous snark question to the IETF when they were proposing only .country domain TLDs and why we have .com now)
I think we've established in this thread who is pragmatic and who is pie-in-the-sky.