If that’s not bad enough, the specs for the Mini show a hashrate of up to 10 TH/s. If you want to keep all the coins for yourself, you need to shell out for the “Full Ownership” version that has an introductory price of $549 and climbs to $749 once the heaters are available at retail. We’d say that at that price it’s probably worth giving the concept a shot, if it wasn’t for the fine print…if you purchase the Mini at this “early bird” price, HeatBit will skim off 50% of the Bitcoin your device cranks out. In comparison, the $299 Mini seems more like a traditional heater with a secondary Bitcoin mining mode. A teardown of the previous HeatBit revealed lightly modified miner ASICs, a large fan, and not much else. In doing a bit of research on the older model it seems like results were very much mixed, with several reviewers complaining the last-generation ASICs used by the $1,200 heater would take far too long to mine enough crypto to pay for itself. This new Mini version appears vastly different from the original HeatBit, a towering machine that combined outdated application-specific integrated circuit (ASIC) miners with a turbine-style fan to produce heat. Most of the thermal work is actually done by a traditional 1000 watt heater built inside the 46 cm (18 inch) tall cylindrical device. The specs listed for the HeatBit Mini note that the miner itself only consumes 300 watts, which is only responsible for a fraction of the device’s total heat output. ![]() The logic goes something like this: if you’re going to be using an electric space heater anyway, which essentially generates heat by wasting a bunch of energy with a resistive element, why not replace that element with a Bitcoin miner instead? Or at least, some of the element. A company called HeatBit has recently opened preorders for their second generation of Bitcoin miner that doubles as a space heater. If you were reading this post a month ago, you could have been forgiven for thinking it was an April Fools post.
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