Heatbit

5 days agoNews Editor

Heatbit launches Bitwater, a Bitcoin-mining water heater element priced at $899

Heatbit has introduced Bitwater, a Bitcoin-mining heating element designed to fit into existing electric water heaters in the U.S. and Canada. The first preorder batch is priced at $899, with shipments scheduled for the first quarter of 2027. The company says the unit can deliver up to 34 TH/s at 600 watts and pitches it with a simple line: the same heat, the same electricity, plus Bitcoin. The product replaces the lower heating element in a standard electric tank and uses 20 Bitmain BM1370 chips to transfer mining heat directly into the water. Heatbit says the upper element and thermostat remain in place as backup, and installation should take 30 to 45 minutes without plumbing changes or a new circuit. A $99 live video installation guide will also be offered after shipping. The economics are less straightforward. Based on the figures cited in the source article, Bitwater could generate about $1.25 per day at full speed, or roughly $365 per year at an 80% runtime. That implies a payback period of about two to 3.6 years depending on pricing and usage, while the warranty lasts only one year. The article also notes that if the device is treated purely as a miner, daily electricity costs would exceed mining revenue, making the value proposition heavily dependent on the assumption that the power would have been used for water heating anyway.

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Heatbit

6 days agoNews Editor

Heatbit unveils Bitwater water-heater element that mines Bitcoin while heating water

Heatbit, the company previously known for a Bitcoin-mining space heater, has introduced Bitwater, a water-heater heating element that replaces the resistance wire in a standard electric water heater with 20 Bitcoin mining chips. The company said the chips generate heat that is used directly to warm the water tank, arguing that the same electricity would have been spent on hot water anyway, with Bitcoin mined on top of that. According to Heatbit, Bitwater uses 20 Bitmain BM1370 chips and delivers up to 34 TH/s of hashrate at as much as 600 watts, with efficiency rated at 12 J/TH. Because the unit uses water cooling, it does not require a fan and operates without noise. The product is designed for self-installation and fits the common one-inch standard interface used by 30- to 80-gallon electric water heaters in the U.S. and Canada, including models from A. O. Smith, Rheem, Bradford White, Whirlpool, and GE. Users can monitor water temperature, hashrate, and mining income through an app, and choose either solo mining or a mining pool. Bitcoin mined by the device is sent to an address controlled by the user. Heatbit priced the first “Genesis batch” at $899, with later batches costing up to $1,299. Pre-orders are refundable, and shipments are scheduled for the first quarter of 2027.

590

Heatbit

6 days agoNews Editor

Heatbit launches $899 Bitwater element that mines Bitcoin while heating water

Heatbit has introduced Bitwater, a water heater element designed to mine Bitcoin while heating household water. The product replaces the resistance wire in a standard electric water heater element with 20 Bitmain BM1370 mining chips, using the heat they generate to warm the tank instead. Heatbit says the unit can reach up to 34 TH/s, draw up to 600 watts, and run without fans because the surrounding water cools the chips. The company says Bitwater fits standard one-inch ports on 30- to 80-gallon electric tanks in the U.S. and Canada, including models from A. O. Smith, Rheem, Bradford White, Whirlpool, and GE, without plumbing changes or a new circuit. Users can monitor water temperature, hashrate, and mining earnings through an app, and choose solo mining or pool mining with payouts sent to a wallet address they control. Heatbit priced the first refundable preorder batch at $899, with later batches reaching as much as $1,299, and said shipments are expected in the first quarter of 2027. The company did not publish its own earnings forecast, but shared an estimate from xAI’s Grok chatbot of about $1 to $1.25 per day. Based on Hashrate Index data cited by Decrypt, a unit running at 34 TH/s would generate about $1.25 in Bitcoin per day, or roughly $455 per year, though returns would vary with Bitcoin price and network difficulty.

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Bit.Fan