Bitcoin News and Finance
The Wisemining Sato Boiler- A Product That Aims to Heat Your Home and Offset Costs by Mining Bitcoin Skip to main content

The Wisemining Sato Boiler- A Product That Aims to Heat Your Home and Offset Costs by Mining Bitcoin

The Wisemining Sato Boiler- A Product That Aims to Heat Your Home and Offset Costs by Mining Bitcoin

In just over two weeks, a company called Wisemining plans to launch a new product called Sato, a boiler that can provide heat to a home by leveraging ASIC mining rigs for heat production. It also means that the heater provides revenue in the form of cryptocurrency, which offsets the costs of heating a home a great deal.

Bitcoin Mining and Cogeneration

While bitcoin (BTC) and a slew of crypto assets have seen values increase a great deal, there’s been a lot of criticism aimed at digital currency mining and how it utilizes lots of electricity. Despite the numerous rebuttals written over the years and even books that explain that proof-of-work (PoW) mining’s electrical consumption is way overhyped, people continue to spread the myths.

Another subject that is often missed is the fact that bitcoin and cryptocurrency mining can bolster cogeneration concepts. Essentially, cryptocurrency miners have the ability to provide cogeneration ideas for a myriad of heat-producing mechanisms. This has led people to come up with innovative ideas with bitcoin miners, like growing tomatoes and distilling alcohol products.

The Wisemining Sato Boiler- A Product That Aims to Heat Your Home and Offset Costs by Mining Bitcoin

Basically, cogeneration is the use of energy and another energy used jointly, like leveraging excess steam from electricity to produce heat. This April, a company called Wisemining plans to release a new product that produces PoW-powered cogeneration. The company is selling a product called Sato, a boiler that allows you to mine bitcoin (BTC) while heating your home at the same time. Essentially, Sato comes with a tank container for ASIC devices, 200-liter water tanks with two heat exchangers, a dielectric coolant, fittings for the tank, and a cartridge for your hashboard.

The Wisemining Sato Boiler- A Product That Aims to Heat Your Home and Offset Costs by Mining Bitcoin

ASIC miners are not included with the Sato kit, but the website says that the machine supports the Antminer S9 / S17 / S19 / S19 Pro/ S19+ series of BTC mining rigs. The home needs to have a power supply and internet access of course to run the cogeneration mining unit. Wisemining’s website says that customers can integrate the hardware or for an extra cost, the company can install hashboards for clients who are not interested in doing it themselves. The pre-order cost for a Sato bitcoin mining boiler is $8,990 according to the website and the company accepts BTC for payments.

Sato Calculator: Five Hashboards, Four Years, Two Bitcoin

The hashboards are the ASICs housed inside a metal cage the size of a large shoebox and in order to leverage the Sato boiler, the chips are removed and placed in Wisemining’s tank container design for ASICs. The cost of a Sato is definitely more expensive than the average cost of a reliable 200-liter boiler which can run around $2,500 to $5,000 a unit. Wisemining’s website also has an online calculator, which estimates how much money could be made by leveraging a Sato kit. For instance, a home with about 2,000 square meters of space, four residents, and five of the best hashboards in the Eastern part of the United States for four years would earn over 2 BTC.

During the last few years, bitcoin mining and cogeneration concepts have increased a great deal. Just recently Bitcoin.com reported on Genesis Mining’s greenhouse project in Sweden. Containers of Genesis-operated ASIC miners are being used to produce heat in order to fuel greenhouses during the cold winter months. Moreover, last summer, the bitcoin proponent Jesse Peltan tweeted about a cogeneration idea with bitcoin miners that heated a hot tub. The tweet called “SPA256” said “Every citadel needs a Bitcoin Hot Tub. Few understand this.”

Wisemining’s Sato boilers will begin selling in April according to the website and the company will be taking pre-orders for the first batch of 100. A few days ago, Wisemining’s product was also discussed on the French web portal bitcoin.fr as well. The calculations above are just informative the company says and gives a person a “sense of scale.” People can check out a complete case study by utilizing the company’s forecasting tool which is available via Discord.

What do you think about Wisemining’s Sato boilers? Let us know what you think about this subject in the comments section below.

Labels:

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r
Post a Comment
Read more
Blogarama - Blog Directory