SocEnt
Cryptocurrency Heat Generator
Document Type
Presentation
Type
Social Entrepreneurship (SocEnt)
UN Sustainable Development Goal
UNSDG #7: Affordable and Clean Energy
Start Date
28-4-2021 9:15 AM
End Date
28-4-2021 9:35 AM
Abstract
Heating is a necessity to families all across the world in climates with cold weather. This heating is not always cheap though, and many families can struggle to pay electric bills associated with constantly running heaters. As cryptocurrencies become more and more popular, more people want to invest into this new currency. When cryptocurrency is mined, the computer components produce large amounts of heat, but quite often that heat is just released into the air and effectively wasted. We want to create products that would allow people to quickly and easily mine crypto, and then use this heat in their homes. We would sell a range of products, from central air systems consisting of large amounts of GPUs, and simple portable heaters with just one or two GPUs inside of them. This would reduce, if not eliminate electric bills depending on how the cryptocurrency market was doing at that given moment. When the market is doing well, it can even be income. The only thing one would need to use this product is an internet connection, and basic knowledge of crypto.
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Cryptocurrency Heat Generator
Heating is a necessity to families all across the world in climates with cold weather. This heating is not always cheap though, and many families can struggle to pay electric bills associated with constantly running heaters. As cryptocurrencies become more and more popular, more people want to invest into this new currency. When cryptocurrency is mined, the computer components produce large amounts of heat, but quite often that heat is just released into the air and effectively wasted. We want to create products that would allow people to quickly and easily mine crypto, and then use this heat in their homes. We would sell a range of products, from central air systems consisting of large amounts of GPUs, and simple portable heaters with just one or two GPUs inside of them. This would reduce, if not eliminate electric bills depending on how the cryptocurrency market was doing at that given moment. When the market is doing well, it can even be income. The only thing one would need to use this product is an internet connection, and basic knowledge of crypto.