As I noted in a comment here the story about bitcoin's hashrate decreasing by 14% (or even measurably at all) due to events in Kazakhstan was totally fake and is trivially debunkable by just looking at a graph of the hashrate.
The Guardian 🤌
this post was submitted on 14 Jan 2022
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I use bitcoin mining to heat my house. https://github.com/PointyFluff/Magic_Boxen
I do the same with XMR miners in the winter. If I gotta use electric heat might as well make it useful!
is there any economic sense in it?
A space heater consumes 1500 w. My miner consumes 1300 w. A space heater doesn't have any return on the power cost except heat. My miner brings about $5Usd in profit per week after power.
i think you would need a good ASIC miner to make it plausible.
generally, many people think POW coins are bad for the environment.
If you use the energy input to do work and consider the heat generation as waste, I see the carbon impact of mining.
If you just use the cpu as a substitute for the resistance coil in a space heater with the intention of making heat, is there waste?
My understanding (and I could be absolutely wrong) is that nearly all of the energy used by a computer is converted to heat eventually. If that's true the only difference is that some work gets done in the middle. Is that right?