“Is it a gold mine? Does it make a lot of money quickly? No, definitely not,” said Alex Busarov, co-founder of Heatbit, during a CoinDesk interview. “Is it something that’s going to be quietly mining some [satoshis] for you? Well yeah, at some point it’s gonna pay off.”
Heatbit looks like other high-end heaters. But integrated circuits inside the device quietly process bitcoin transactions and perform trillions of calculations per second. That activity not only generates bitcoin rewards (courtesy of bitcoin mining pool, Nicehash), but also heat.
That heat, according to the official Heatbit site, is enough to warm 500 square feet of space. The kicker is, if you run the heater 24 hours a day at a bitcoin price of $20,000, the device will put $30 back into your pocket every month to help cover your electricity bill. Given the jump in energy costs last year, that capability may offer consumers some incentive.
Source: Heatbit Is the First Space Heater That Mines Bitcoin, Founder Says