Latest use for bitcoin mining rig heat: Laundry

After heating a Brooklyn spa, now bitcoin miners are being used to power clothes dryers

article-image

alexkich/Shutterstock modified by Blockworks

share

Forget hanging clothes on the line — use a bitcoin miner to heat your dryer and earn sats at the same time.

Twitter user Rev.Hodl advocated for just that on Wednesday. He tweeted a video showcasing his miner attached to his dryer as he was running a load of laundry. Instead of using the dryer’s heating element, he swapped it out for a miner, which creates heat as a byproduct.

Loading Tweet..

In a separate Thursday post on Nostr, Rev.Hodl said he’s aiming to tap into energy sources already in use to mine bitcoin. 

“My approach to mining is to take any electric heat source I am already using and use a miner to create that heat instead,” he wrote. “The mining on its own isn’t profitable but when capturing the value of the heat as well, all [of] the sudden the appliances and applications become much more efficient.

Rev.Hodl told Blockworks he’s been a homesteader since 2015, meaning he strives to be self-sufficient and lives off the land. 

Short-term rentals on the property have produced a potential bonus for bitcoin mining. 

“In my situation I am running the dryer more than the average household,” he said. “For me, the electric dryer was one of my biggest energy expenses, and it is running often, so it made a lot of sense to use the Bitcoin miner and recover some of the power cost in the form of sats and at the same time participate in the Bitcoin network.”

It’s not the first time a homegrown miner’s excess heat has been redirected to power another purpose. 

Bathhouse in Brooklyn, New York, received quite a bit of buzz back in June as details spread of the spa’s practice of warming water using heat produced by mining rigs. As the water cools, it’s recycled back to the miners to be warmed up once again

Rev.Hodl turns off the miner when he’s not doing laundry, so it doesn’t idly consume energy. 

Jameson Lopp, an American software engineer and bitcoin advocate, called the use of the dryer a “neat proof of concept.”

Lopp, who is the co-founder and chief technology officer of bitcoin security provider Casa, added that any time a miner can use waste heat for other purposes, “it further increases their profitability.”

But he thought the idea might work better in a laundromat. 

“The downside in this case, as opposed to something like heating a building during winter or heating a greenhouse full of crops, is that usage of dryers is much more sporadic,” Lopp said.


Don’t miss the next big story – join our free daily newsletter.

Tags

Upcoming Events

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

ao cover.jpg

Research

Arweave recently launched the testnet for AO computer, a new messaging protocol that will sit atop a PoS network and aims to become a scalable global compute platform through parallel processing and modularity.

article-image

The “fastest-growing ETF in history” has seen net inflows on every trading day since its Jan. 11 launch

article-image

Relm and Chainproof will provide insurance quotes to distributed validators

article-image

DLC.Link uses a Taproot-based Bitcoin multisig to let institutions mint dlcBTC, starting on Arbitrum

article-image

Pre-seed Bitcoin startup deals rose 360% in 2023, a TVP report shows

article-image

Circle’s new smart contract to allow holders of BlackRock USD Institutional Digital Liquidity Fund to redeem shares for its stablecoin

article-image

Uniswap says it was not surprised to receive a Wells notice given the SEC’s “abusive” use of power as of late