Cryptocurrency heater lets you mine Bitcoin and Ethereum while warming up your home

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It costs a fortune to heat your home during the long British winters.

So what if you could earn a bit of dosh at the same time as warming up your flat or house?

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A French tech startup called Qarnot has unveiled a new ‘crypto-heater’ that can ‘pay for itself’ by mining cryptocurrencies and generating warmth at the same time.

It wrote: ‘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.

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

This heater could actually earn you a bit of cash
You can control the heater on a smartphone app and also check the movements of the crypto-markets

Mining is an integral part of the cryptocurrency economy and refers to a process of solving complex mathematical problems in order to lock transactions onto the blockchain.

Whenever you crack one of the maths puzzles, you are rewarded with several coins.

This process requires a lot of processing power, which generates high levels of heat.

The Quarnot device takes advantage of this fact and actually uses the heat, rather than treating it as an unfortunate byproduct of crypto-mining.

‘The computing heater is the result of 5 years of development by our Paris Team,’ the French firm added.

‘Its patented technology has been designed to dissipate a soft and comfortable heat, and is fully integrated with the finest materials, wood and aluminium.’

The cryptoheater is set up to generate Ethereum out of the box and you can expect to generate up to £90 a month, although electricity bills will eat into this.

MORE: Bitcoin investors ‘should be prepared to lose all their money’, Financial Conduct Authority warns


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