NYC bathhouse is mining Bitcoin to heat its pools

https://fortune.com/crypto/2023/12/21/bathhouse-nyc-bitcoin-mining-pools/

8 12 2 years ago

krunck• 2 years ago

This is an excellent idea. A few other applications would use the heat for: greenhouses in winter(I think at least one person had done this) drying wood/lumber drying foods

bcrl2• 2 years ago

Not really. A heat pump would use less energy for the same amount of heat.

npoc5• 2 years ago

What's the theory behind that? And even if true, what's the problem with using electricity if it's created cleanly?

ephbit• 2 years ago

The heat might also be used in a direct air capture process to regenerate the adsorbent, realeasing the CO2.

Sohcahtoa822• 2 years ago

I'd rather something useful be done, but I suppose mining crypto has the side effect of possibly paying some of the energy costs back.

npoc5• 2 years ago

Running Bitcoin is extremely useful - you just to learn more (far too much to explain here) to understand why

Sohcahtoa822• 2 years ago

Any time someone tries to talk up cryptocurrency, in my mind, I just see some dude crying "please buy the crypto, I bought near an all-time high and now I'm holding a bag, please buy and push the price up, please, my wife is so upset with me, I lost the kids college savings!"

Ya'll come up with these huge mental gymnastics about why cryptocurrency is so great and then move the goal posts every couple years to suit your fancy. First it was a currency and a great method of doing online payments without a company like PayPal getting in the way. But as the value went up, the network got busier, and transaction fees reached the 10s of dollars, ya'll decided it wasn't a currency, it was a store of value! But then it crashed from over $65K to under $17K and decided it wasn't a good store of value anymore, but I see now it's crept back up to $43K again.

NYC bathhouse is mining Bitcoin to heat its pools

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