Key facts
- Bitwater uses 20 Bitmain BM1370 chips.
- It produces up to 34 TH/s and draws up to 600 watts.
- Preorders for the first batch cost $899.
- Later batches will be priced up to $1,299.
- The element fits standard one-inch ports on electric water heater tanks.
- Mined Bitcoin goes to a user-controlled address.
Heatbit has introduced Bitwater, a new water heater element designed to mine Bitcoin while simultaneously heating water. The device integrates 20 Bitcoin mining chips, specifically Bitmain's BM1370, into the element itself. This innovation aims to leverage the electricity already used for water heating to generate cryptocurrency. The company claims the heat generated by the chips is dissipated by the water, negating the need for noisy fans and allowing for a quieter operation. Installation is presented as a straightforward DIY process, compatible with standard electric water heater tanks in the U.S. and Canada without requiring plumbing modifications or new circuits.