Americans are starting to use bitcoin mining equipment to heat their homes during winter

According to ChainCatcher, citing CNBC, as winter approaches, some Americans have begun using the heat generated from cryptocurrency mining to heat their homes. Analysis by digital asset broker K33 shows that the bitcoin mining industry produces about 100 TWh of heat annually, enough to meet the heating needs of the entire country of Finland, but most of this heat is wasted.

Devices priced at $900 have appeared on the market, which can function both as space heaters and bitcoin mining machines. In Challis, Idaho, the company Softwarm is testing the use of bitcoin mining equipment to provide heating for local shops.

However, Derek Mohr, a professor at the University of Rochester, expressed doubts about this, stating that the success rate of mining with home computers is extremely low and that this method of heating is not very efficient. Supporters, on the other hand, believe that as plug-and-play mining devices become more widespread, this concept could become feasible in more regions.