In just over two weeks, a company called Wisemining plans to launch a new product called Sato, a boiler that can provide heat to a home by leveraging ASIC mining rigs for heat production. It also means that the heater provides revenue in the form of cryptocurrency, which offsets the costs of heating a home a great deal.
Bitcoin Mining and Cogeneration
While bitcoin (BTC) and a slew of crypto assets have seen values increase a great deal, there’s been a lot of criticism aimed at digital currency mining and how it utilizes lots of electricity. Despite the numerous rebuttals written over the years and even books that explain that proof-of-work (PoW) mining’s electrical consumption is way overhyped, people continue to spread the myths.
Another subject that is often missed is the fact that bitcoin and cryptocurrency mining can bolster cogeneration concepts. Essentially, cryptocurrency miners have the ability to provide cogeneration ideas for a myriad of heat-producing mechanisms. This has led people to come up with innovative ideas with bitcoin miners, like growing tomatoes and distilling alcohol products.
Basically, cogeneration is the use of energy and another energy used jointly, like leveraging excess steam from electricity to produce heat. This April, a company called Wisemining plans to release a new product that produces PoW-powered cogeneration. The company is selling a product called Sato, a boiler that allows you to mine bitcoin (BTC) while heating your home at the same time. Essentially, Sato comes with a tank container for ASIC devices, 200-liter water tanks with two heat exchangers, a dielectric coolant, fittings for the tank, and a cartridge for your hashboard.
ASIC miners are not included with the Sato kit, but the website says that the machine supports the Antminer S9 / S17 / S19 / S19 Pro/ S19+ series of BTC mining rigs. The home needs to have a power supply and internet access of course to run the cogeneration…