The smart Bitcoin mining bar makes you earn money while you heat the water in your home

Heatbit makes a pair of smart home appliances that combine essential heating functions with Bitcoin mining, potentially allowing you to make some money while you use them. Their latest product is designed to ensure you have hot showers when you need them and hopefully earn your keep in the process.

The brand’s new Bitwater replaces the bottom water heating element of your existing tank. It looks like other rod-shaped items, but has a plug-and-play Bitcoin mining system built in.

Heatbit says this fits existing big brand electric tank water heaters sold in North America, into the standard 1-inch screw-in element port. Once you have it installed, turned on and connected to your Wi-Fi network, it will start mining Bitcoin and the heat generated by its processors will heat your water.

Mining is a burden on these processors because it requires trillions of calculations to confirm Bitcoin transactions and create new coins on the cryptocurrency network. Bitwater has 20 ASIC mining chips running simultaneously and that generates heat for its water tank.

The chips in question are BM1370, which together consume up to 600W of power and reach a maximum hashrate (how many guesses per second a miner makes) of 34 TH/s or 34 trillion guesses per second.

They are secured within the element by welded Eco Brass heat sinks, which are said to be efficient at conducting heat from the chips into the water while also resisting corrosion.

The company says you can install Bitwater yourself and have it up and running in less than an hour. It has a motorized titanium rod that uses a small current to protect the steel tank instead of dissolving; This works in hard water, does not cause any odor like a magnesium rod and does not need to be replaced.

Bitwater is combined with a mobile app from which you can monitor the temperature, hashrate and profits. It also promises to know when you use hot water frequently and ensure the tank is ready before you need it. From here, you can also set up your Bitcoin mining pool and direct profits to your preferred wallet.

The water makes this a good cooling setup. It removes heat much better than air, so the chips stay cool enough to work reliably. The temperature of the tank also sets a limit: if the water is 55-60°C, the chips must tolerate it, so the design needs a well-sealed, waterproof casing. Hopefully that is addressed in the design and housing.

From the looks of it, the Bitwater looks like it will do its job as a heating element. Heatbit actually makes air purifiers and heaters based on the same idea of ​​using heat from a mining system for your home. It even offers a wall-mounted ‘canvas’ that can be drawn on with markers and radiates heat into the room.

So how much money would this allow you to make? Should you consider one?

Heatbit responded to a similar query about X by pointing to an AI profit estimate of $1.35 per day. This doesn’t take into account the cost of electricity, so depending on where you live and your hot water needs, your mileage will vary.

Now, Heatbit is pricing the first batch of Bitwater units at $899 and aims to ship them in the first quarter of 2027; Subsequent lots will be priced at $1,299.

At this point in the Bitcoin game, the amount you can earn per day running Bitwater is not much. I imagine this might make sense if you are deeply invested in cryptocurrencies and believe this is a viable way to build your assets on the blockchain.

Meanwhile, a similar, non-mining heating element with a motorized wand can be had for much less money; a popular one on Amazon costs around $180. I would have been more intrigued by the Bitwater concept if there wasn’t such a big difference between its price and that of a conventional item.

If you’re into this sort of thing, I’d love to know how you rate a dual-purpose product like this. Speak in the comments.

Source: Heatbit