Bitcoin-mining smart rod makes you money while heating your home water

Heatbit makes a couple of clever home appliances that combine essential heating functions with Bitcoin mining – potentially earning you some money while you use them. Its latest product is designed to ensure you have hot showers on demand, and hopefully earn its keep in the process. The brand's new Bitwater replaces the lower water heater element in your existing tank. It resembles other rod-like elements, but it's got a whole plug-and-play Bitcoin mining system built in. Heatbit says this fits existing electric tank water heaters from big brands sold across North America, in the standard 1-inch screw-in element port. Once you've installed it, turned it on, and connected to your Wi-Fi network, it'll begin mining Bitcoin, and the heat generated by its processors will warm your water.

First reported by New Atlas. This page is a short excerpt; the full text is theirs.