This Guy Heated Bath Water With Bitcoin Mining and It Worked Too Well
For hobbyists trying to strike it rich with cryptocurrency mining, but who don’t have access to gigantic warehouses where they can park the hardware, making money means packing a bunch of very loud and very hot computers into your house or apartment. Some at-home cryptocurrency miners are harnessing the heat that powerful mining equipment—called ASICs—give off. Motherboard’s Daniel Oberhaus used mining equipment (albeit graphics cards, not ASICs) to stay warm during a storm once, and a Redditor posting under the handle “gta3uzi” just took it to another level.
In a Tuesday post by gta3uzi on the /r/Bitcoin subreddit, they revealed a system for heating hot water using ASICs so you can make money while you chill in a steamy bath. Lee said that his mining operation made a 10 percent profit after electricity costs before he turned it into a water heater. But after the ASICs eliminated his $80 heating bill in addition to generating new cryptocurrency, Lee estimated that his mine’s profit went from 10 percent to 47 percent.
So would he try it again?