this post was submitted on 18 Jun 2024
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Bitcoin
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Love the idea, but I somehow doubt it will happen.
In the past, the useful lifetime of the asics themselves was the main problem. Each generation made using smaller and smaller manufacturing process. Now that we're pushing the limits of what's even possible with EUV, the chips might last longer. However, the supporting infrastructure is still not fit to be operated by just anybody.
Making the whole system consumer friendly and reliable increases the cost, which puts any user in disadvantage compared to an industrial operation.
The economy of scale would normally take care of that, but mass adoption of mining heaters would probably make the difficulty shoot through the roof, negating any possible saving on heating, at least compared to other alternatives like heat pumps.
edit:
Brains OS can already fine tune individual chips according to your preferences on some bitmain machines.
Well, see, my thought is these miners would join into a pool that's decentralized. Kind of like how P2 pool is on Monero. I think you guys have F2 pool, which is the same thing i think. The goal with a consumer space heater product wouldn't necessarily be to make money with it but more just to subsidize your electricity bill during the winter. I mean if you've got to generate the heat anyway it might as well be doing something productive and giving you at least some bitcoin.
A lot of people already do this with !boinc@sopuli.xyz for free. They use their computers to help scientists do medical, space, and other forms of research. There are cryptos which reward this work as well, though it is far from profitable. That being said, I'd rather heat my house curing cancer (or hashing for Bitcoin) than with space heaters or electrical heat. For people with electrical heat who don't have heat pumps, it literally costs the same. I think there is absolutely a market for this. Maybe not a massive one, but I for one would be interested.