New Web Product
Heatbit's Bitwater Water Heater Element Mines Bitcoin
Heatbit, a company that makes space heaters with built-in Bitcoin miners, has unveiled a water heater element called Bitwater. The Bitwater element replaces the resistance wire in a standard electric water heater element with 20 Bitcoin mining chips. It uses the same electricity to heat the water as a standard element, but also mines Bitcoin. The element is rated at up to 34 terahashes per second, drawing up to 600 watts at an efficiency of 12 joules per terahash. Users can track water temperature, hashrate and earnings in an app and choose between solo mining and joining a pool, with mined Bitcoin going to an address they control. Preorders for the first production run, priced at $899, are now available.