Mining cryptocurrency is a huge . Just last , Beijing-based crypto-miner Bitmain made over $3 billion dollars in profits. In a novel approach, French startup Qarnot is helping everyday consumers get involved, and the company is doing so by utilizing something that’s usually regarded as a () problem for cryptocurrency miners: heat. By harnessing the heat graphics processing units (GPUs) generate while mining, Quarnot’s QC-1 crypto heater keeps users warm and mines cryptocurrency at the same time.

According to Qarnot, the QC-1 takes just ten minutes to set up. It connects online via an Ethernet cable, and owners can monitor its mining progress or activate a heating booster using a companion app. Also of note: the manufacturer doesn’t take a cut of the cryptocurrency the QC-1 mines.

“The heat of your QC-1 is generated by the two graphics cards embedded in the device and mining cryptocurrencies or blockchain transactions: While heating, you create money,” the QC-1 product description reads. “You can watch in real time how crypto markets are trending, on your mobile app and on your QC-1 LEDs.”

The QC-1 crypto heater is a wall-hanging unit that looks like a black radiator adorned with a grill and wooden top. Housed inside are two AMD NITRO+ RADEON RX 0 GPUs. By default, the unit mines Ethereum, but users can direct the device to mine other cryptocurrencies too.

The company estimates their crypto heater can mine an average of $120 worth of the coin per month. The problem is that the rig costs €2,900 ($3,570). Looking at the math, users will have to run the QC-1 all day every day for more than five years before it pays for itself (as per current Ethereum prices). 

Crypto Heaters

The QC-1 isn’t the first device of its kind. Russian startup Comino sells two similar mining rigs that double as heaters: the Comino N1, which mines Ethereum, and the Comino N4, which mines Zcash. Both sell for €4,999 ($6,0).

It’s worth remembering that devices like these can only mine cryptocurrencies — they doesn’t include a hard drive or an operating system, so no gaming or emails. And considering that the QC-1 costs almost $3,600, one could theoretically just buy a high-end gaming PC with two comparable cards inside and set them up for cryptocurrency mining.

That said, as a proof of concept the QC-1 is certainly notable. Using excess heat from cryptocurrency mining to provide heat for users is a great idea. Mining generates a tremendous amount of heat and putting it to good use could help make the idea of mining cryptocurrency more approachable to mainstream consumers. 

Source link
Blockchain – Crypto – Currency infomation
thanks you RSS link


Please enter your comment!
Please enter your name here