Innovation is what made cryptocurrencies popular today. In fact, if you will take a closer look at blockchain technology, it helps get rid of third-parties that have to confirm your transactions. But instead, it makes use of a public ledger and miners to get the job done. Though still hoping for mass adoption, there is already a number of blockchain related innovations developed by different companies.
At this point, the outrageous has been welcomed. And by now, you shouldn’t be shocked if you can mine Ethereum using your very own heater. Yes, it is true. Qarnot, a French heater company has come up with the idea of using a heater that can also mine Ethereum.
The Crypto Heater QC-1 makes use of a patented technology that removes the need for a cooling system. Instead, the heater has been designed with twin Sapphire Nitro + Radeon RX580 GPU that dissipates the heat generated from the unit and into the heater/mining rig’s aluminum housing. And from here, you have a workable heater.
You can also get to control the heater using an app and allows you to configure the digital currency that has been generated as you mine with the heater. You can also control the address where the mined coins will be thrown into. And of course, it’s a heater, thus you can set the temperature for the room.
Mining involves a lot of power and one of the things that is necessary for miners to do is to have a cooling system that can keep the computers running without any problem.
Is It Feasible and Practical?
Though Crypto Heater QC-1 by Qarnot allows you to earn cryptocurrencies, the million dollar question is if it is really feasible and practical? Is it really worth it to have a heater that can earn cryptocurrencies in order to offset your electric bills?
Let’s take a closer look at the price of this heater. It costs around $3,600, shipping still not included in the cost. And how much can you expect to generate from the crypto heater? In reality, not so much. With a hashing rate of 60MH/s and 450W, you can expect around earning around $120 per year given the price of Ethereum. But of course, you will also have to consider the price of electricity. And also, you may also want to consider the need for repairs along the way.
Innovative but Not There Yet
There is no doubt that the heater is an innovative solution for the heat generated by a mining rig. It can be a start of other good technologies to come. But for now, it is simply impractical. In fact, you can just mine Ethereum as long as you can tap into a Linux-based OS and you are ready to go.
Now that Ethereum is also experiencing a bearish trend along with the other major cryptocurrencies, you can expect as well that this heater isn’t actually going to make much. You have to consider the fact that though it is a great invention by Qarnot, it is really not genius after all that people will have a demand for it. Given the price tag and the returns that it generates, it is simply a novelty item for blockchain fanatics.