Brand Story
15 Nov 2022, 04:25 GMT+10
Heatbit, the world's first personal heater that mines Bitcoin, has officially been released. After launching a Kickstarter campaign in 2021 and acquiring the safety certificates, the company started shipping its first mining heaters in October 2022. Heatbit enables anyone to support the decentralized money revolution while being rewarded for heating in bitcoin.
When contributing to secure decentralized systems, Bitcoin and other cryptocurrency mining operations are facing several challenges. Mining rigs naturally emit significant heat and have to use very loud fans to cool the systems. The substantial energy needed to power both the fans and mining rigs is described by many as a tremendous waste of energy.
Heatbit provides a green and energy-efficient solution to cryptocurrency mining, as emitted heat is recycled to replace other heating devices in homes. Heatbit was designed to require the same energy as a regular heater, at 1,400 W, and is suitable to heat spaces of up to 170 square feet. Having the same efficiency as regular heaters, heatbit devices mine bitcoin for users at the same time. To ensure a comfortable user experience, heatbits are made to run very quietly: at full power, the devices produce <42 dB noise, similar to a quiet library, thanks to multiple patent-pending solutions in soundproofing, vibration control, and noise suppression used in heatbits.
With regard to mining output, Heatbit delivers up to 14 TH/s of hashing power, providing bitcoin rewards that can cover up to 100% of heating cost, depending on the user's electric power tariff. Further, a smart autotuning feature is used to improve efficiency and reduce power consumption.
Since 2022, Heatbit is certified according to U.S. and Canada safety standards. Harsh tests included covering the device working at full power with a blanket, stalling the fan, and many others to make sure it is safe to use in a residential environment. The testing agency even dropped metal balls on a heatbit, similar to what many saw at a Tesla Cybertruck presentation.
"After a three year development cycle, we are thrilled to ship the first heatbits to our loyal customers. Our engineers have put in blood, sweat, and tears to revolutionize mining this way. Over the next few weeks all buyers will finally have their heatbits delivered," says Alex Busarov, co-founder at Heatbit.
While the devices offer a smart way to get bitcoin rewards on heating, Alex urges heatbit users to also think about the larger societal factors behind the project. "It is important to understand that Heatbit is about supporting the decentralized money revolution. Bitcoin is supposed to be the cryptocurrency where everyone makes a small contribution. True decentralization is many users, each contributing their little bit, not the large mining farms we see these days," he added.
Heatbit is now planning a fundraising campaign aimed at ordinary users instead of VCs. "We have some amazing support from our customers. I would much rather have them own a piece of the company in the spirit of decentralization and community drive," concludes the founder.
Heatbit inc. makes the world's first heater that mines Bitcoin. The company was founded in 2020 by Alex Busarov, a Philosophy graduate of the London School of Economics, who previously worked at McKinsey on energy strategies and ran different startups in Asia over the past 10 years. The company's mission is to make the world a more efficient and distributed place.
Disclaimer : There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. This is not investment advice. Please do your own research.
Contact Person : Simon Moser
PR Manager, PolyGrowth PR
Email: [email protected]
Location - Dover, Delaware, USA
This content is published on behalf of the above source. Please contact them directly for any concern related to the above.
This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
Get a daily dose of Miami Mirror news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Miami Mirror.
More InformationNEW YORK, New York -U.S. stock markets closed with broad gains on Thursday, led by strong performances in U.S. tech stocks, while European...
LONDON/STOCKHOLM: The Persson family is ramping up its investment in the H&M fashion empire, fueling renewed speculation about a potential...
PARIS, France: L'Oréal is making a fresh play in the booming premium haircare segment with a new acquisition. The French beauty conglomerate...
MENLO PARK, California: Robinhood is giving European investors a new way to tap into America's most prominent tech names — without...
NEW YORK, New York - U.S. stocks diverged on Wednesday for the second day in a row. The Standard and Poor's 500 hit a new all-time...
NEW YORK CITY, New York: The U.S. dollar continues to lose ground, weighed down by growing concerns over Washington's fiscal outlook...
GENEVA, Switzerland: A new United Nations report alleges that dozens of global corporations are profiting from and helping sustain...
LONDON, UK - Lawmakers in the United Kingdom have voted overwhelmingly to proscribe the direct-action group Palestine Action as a terrorist...
DHARAMSHALA, India: The Dalai Lama is set to address a significant three-day conference of Buddhist leaders this week, coinciding with...
WASHINGTON, D.C.: In a significant ruling last week, the U.S. Supreme Court upheld a Texas law requiring age verification for users...
ISTANBUL/PARIS/BRUSSELS: As searing temperatures blanket much of Europe, wildfires are erupting and evacuation orders are being issued...
VENICE, Italy: Over the weekend, hundreds of protesters marched through the narrow streets of Venice to voice their opposition to billionaire...