Hotmine, a company based in Ukraine which engineers home appliances for crypto enthusiasts, is not new to mining equipment development. But sometimes it takes the right time and the right technology to be able to create and offer solutions that consumers would be willing to buy and use. Thanks to tech progress and proper market conditions, cryptocurrency mining at your home is once again becoming an option to support your budget with some satoshis or save on utility bills.
Also read: Bitcoin Emits Less Carbon Than Previously Claimed, New Study Finds
Mining 3.0 Era Comes With New Home Appliances That Mint Digital Coins
Cryptocurrency mining has passed through different stages since the invention of Bitcoin and Oles Slobodenyuk, the owner of Hotmine, was willing to explain why he thinks that after a period of industrialization, the minting of digital coins can once again return to living rooms and garages. And it can not only bring households some additional crypto income but also heat air and water without affecting the noise comfort of a home.
Hotmine produced its first hashboards using 55nm chips and developed a system to utilize the thermal energy emitted by the hardware in September 2013. In October the same year, 10 hashboards with 12 chips each were capable of mining three bitcoins a day. A complete module had 80 hashboards and a total of 960 chips. This equipment was exploited for a few years until it was eventually replaced with a more productive hardware. Hotmine can change the hashboards, which act as the heating elements in its systems, with new ones based on 16nm, 10nm, and 7nm chips.
In the early days of Bitcoin, a period Hotmine CEO describes as Mining 1.0, a miner was a
