According to Decrypt, Heatbit has developed a water heater element that replaces the traditional resistance wire in a tank with 20 mining chips designed for Bitcoin mining. The company states that it uses the same electrical input previously used solely for heating water to simultaneously power the mining operations.
The Bitwater element integrates the mining chips in place of the standard heating component. Heatbit asserts that no additional electricity source or separate system is required; the device continues to heat water while the embedded chips perform mining functions using the energy drawn during normal operation.
No details are provided regarding mining output, efficiency impact on water heating, estimated revenue, performance metrics, or timelines for commercial availability. The announcement focuses on the hardware substitution and the claim that heating and mining occur concurrently through shared electrical use.
