The cost of cryptocurrencies has fallen this year, but this does not prevent them from finding unusual exits. One might even think that the frustrations faced by bitcoin and other currencies are spurring innovation, as we can see from this French startup.
Tresorio, a young company from Metz, has developed a heating solution that allows the user to… earn money! The MinIT boiler has the feature of heating water by mining cryptocurrencies. So, of course, this year their prices have had more lows (very lows) than highs, but this idea allows us to make profitable electricity that we would use with a conventional boiler anyway.
The Cauldron That Creates Money
According to Tresorio, the electric boiler requires 12 euros per day. The miner integrated into MinIT allows you to recover from 7 to 50 € per day in cryptocurrency! This latest data is based on the average profitability of bitcoin over the past four years during which the currency hit an all-time high before crashing.
MinIT has been designed to complement an existing heating solution, not replace it. According to the manufacturer, the MinIT installation reduces CO2 emissions by 11.5 tons per year for each household, based on the French energy balance and compared to an oil-fired heating system. Cryptocurrencies mined by a connected boiler are paid out to a wallet of their choice. It is also possible to return the cashback in crypto to the heating bill.
There is something to seduce in the decision, but on the other hand, you will have to pay for it. The basic version of MinIT, which produces up to 1.25 kW of heat and has a mining power of 40 TH, costs 6,484 €.