upgrades to the mining algorithm. Nonetheless, there have been other unexpected consequences to running a Bitcoin miner.In Portugal, central heating is rare. Most homes I’ve stayed in use oil heaters or electric heaters. The Heatbit quickly replaced my electric heater, which was more expensive due to its higher power draw. The miner is also quieter, and the heat emitted is consistent and less punchy. However, it’s also 10 times the price of my electric heater.
The downsides are the price tag and the size. The unit is large, heavy and costs over $1,000 brand-new. Given that in Portugal, I use a heater for four to five months a year, the Heatbit becomes a large paperweight from April to October. Plus, the mainstream and plug-and-play nature of the Heatbit is contrary to the ethos of the DIY Bitcoin miners, who see the company as making a profit on something a person could do themselves. And fundamentally, Bitcoin was first propagated by hobbyists, so it’s understandable.To Heatbit’s credit, it listened. The company is introducing a smaller heater, the “Heatbit Mini,” from $299, in time for the next European winter.
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