Bitcoin mining operations are notoriously power-hungry and create a lot of heat in the process. So why not use that heat to keep you warm during the winter months with the Heatbit, a Bitcoin mining space heater? The $1,199 Heatbit is a real product, and its creators say its cryptocurrency mining can cover up to 100% of your electricity bill. I… don’t know about that.
The Heatbit can warm a room from 400 – 750 square feet, and running 24 hours a day is estimated to earn about $30/month. That is far from my entire electricity bill and probably not even enough to cover its own energy usage, but is still significantly more money than a regular space heater makes. You hear that, space heater? Way to not earn your keep!
It uses the same amount of energy as a standard space heater, with the same heat output, but generates some Bitcoin in the process as a side hustle. Of course, it also costs $1,000+ more than regular space heaters do, something I took into serious consideration before deciding to just buy a couple of extra sweatshirts instead.