Heatbit Says Your Water Heater Should Be Mining Bitcoin, and Now It Can

Heatbit has spent the past few years selling space heaters and air purifiers that also mine bitcoin, earning a CES Innovation Award along the way and drawing reviews from outlets like Wired and The New York Times. The Delaware-based company, founded around 2020 by Alex Busarov, is now taking the same idea into the utility closet with Bitwater, a replacement heating element that screws into the electric water tanks already found in many households and uses bitcoin-mining chips to generate the heat. According to Heatbit, Bitwater replaces the resistance wire in a standard electric water-heater element with twenty Bitmain BM1370 mining chips. The company advertises up to 34 terahashes per second (TH/s), power draw of up to 600 watts, and mining efficiency starting at 12 joules per terahash.

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