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The ‘Crypto-Heater’ Mines Digital Currency While Heating Your Home

The 'Crypto-Heater' Mines Digital Currency While Heating Your Home

Mining

16 mins ago |
By Jamie Redman – |
1117

The ‘Crypto-Heater’ Mines Digital Currency While Heating Your Home

A French company named Qarnot has released a new home heater called the “Crypto-Heater or QC-1” that heats a room in your home while mining cryptocurrencies. The startup says with the two graphics cards embedded in these home heaters people can “make heating a source of revenue, not an expense.”

Mining Cryptocurrencies While Heating Your Home

The use of cryptocurrency mining produces a lot of heat while mining rigs churn away difficult math problems 24-7. Some people have devised ways to utilize the excess heat to do certain things like heat up a garage or distill alcoholic beverages. Now the Montrouge based company, Qarnot, founded in 2010 by Miroslav Sviezeny and Paul Benoit is turning computational crypto-hashing into a source of energy that produces revenue.

“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,” explains Qarnot’s website.  

You can watch in real time how crypto markets are trending, on your mobile app and on your QC-1 LEDs.

The ‘Crypto-Heater’ Mines Digital Currency While Heating Your Home

The QC-1 is an Extension of the Q.rad Computing Heater

In addition to the ability to monitor the markets, QC-1 users can activate a heating booster mode when the weather is frigid. Unlike traditional mining rigs, Qarnot claims the crypto heater is noiseless. The system developed by the startup has no fans or hard drives. The software is designed to mine ethereum (ETH), but can be jury-rigged to mine other cryptocurrencies as well. The crypto heater comes with two 8GB Sapphire Nitro+ Radeon RX580 AMD graphic processing units (GPU). In order to use the miner customers merely connect a wallet address using the mobile platform, and they can start mining.

The ‘Crypto-Heater’ Mines Digital Currency While Heating Your Home

The idea of QC-1 is merely an extension of the Q.rad computing heater the firm released in 2013. Due to the popularity of the Q.rad idea, the firm has managed to raise €4.5M from venture firms like Colony Capital. The company has won awards from Raise Lieu du Design, the Consumer Electronics Show (CES) 2018 Eureka Park Innovators Award, and the Popular Mechanics’ CES 2016.

One Q.rad can heat up a 150 to 300 sq.ft room and devices are used primarily in France in both residential and commercial buildings. Cloud computing clients are already utilizing Qarnot’s resources as well known firms like Disney, Air Liquide, and BNP Paribas have been patronizing the startup’s Q.rad devices for their server operations. The crypto-heater offers the same versatility while earning digital currency revenue.      

“The computing heater is the result of 5 years of development by our Paris Team — Its patented technology has been designed to dissipate a soft and comfortable heat, and is fully integrated with the finest materials, wood, and aluminum,” says Qarnot.          

Plug your QC-1 to electricity and internet, and to a crypto-wallet In ten minutes, you have installed your heater mining cryptocurrencies.

The ‘Crypto-Heater’ Mines Digital Currency While Heating Your Home

The Crypto-Heater is €2,900 Per Unit With a Possible Revenue of €100 Worth of ETH Per Month

Each QC-1 produces 60 MH/s of hashrate, and the device costs €2,900 euro or $3,570 USD per unit. If orders are placed before March 20, the first batches of QC-1s will be delivered by June 20. Based on the current specs of the QC-1 and ethereum’s current spot market value, including mining difficulty alongside the price of electricity, the device should produce €100 ($120 USD) in ETH every month. Users with a touch of tech-savvy Linux knowledge can switch to another GPU mineable cryptocurrency if they desire to mine something besides ethereum.  

What do you think about the QC-1 crypto-heater? Let us know your thoughts about this product in the comments below.

Source: news.bitcoin.com

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