Re: Bitcoin wastes electricity? - No - Heat your home with mining
These first experimental models are like cars that consume 40 gallons / 100 miles.
There will be people who will optimize the "mining-heater", I think
There will be people who will optimize the "mining-heater", I think
You can't optimize those mining heaters by avoiding the law of physics, end of story!
Heat pumps have always provided more energy than they consume because they work on a different principle, you can't have a bitcoin miner that consumes 3kw produce more than the equivalent joules of heat.
Besides, unlike any other systems ASICs need to run 24h, you won't be shutting them during the day and putting them back at night when you're cold, and during the day you have to get rid of the excess heat, how you do that, by venting it out using more energy to get rid of unwanted heat, do I have to tell you the efficiency of it?
The truth right now is that miners use more energy to get rid of the heat compared to the heat that is actually used.
BOOM,
That was a great answer.