ChainCatcher report: Heatbit, previously known for its Bitcoin mining-powered space heater, has announced the launch of Bitwater, a water heater heating element that replaces the standard resistance coil with 20 Bitcoin mining chips. The heat generated by these chips is directly used to warm the water in the tank. Heatbit states that this electricity would otherwise be used solely for water heating—“the same heat, the same electricity, plus Bitcoin.” The company notes that global household electricity consumption for water heating totals approximately 300 TWh annually, exceeding the Bitcoin network’s total energy consumption of about 170 TWh, and argues this presents an opportunity to decentralize mining into homes. The Bitwater unit incorporates 20 Bitmain BM1370 chips, delivering up to 34 TH/s of hashing power with a maximum power draw of 600 watts and an efficiency of 12 J/TH. Due to water cooling, the device requires no fans and operates silently. Installation is DIY: turn off the circuit breaker, drain the tank, remove the old element, and screw in the Bitwater unit using the included wrench. It fits standard one-inch connections on common U.S. and Canadian electric water heaters ranging from 30 to 80 gallons, including brands such as A.O. Smith, Rheem, Bradford White, Whirlpool, and GE—no plumbing or electrical modifications required. Users can monitor water temperature, hashing power, and earnings via a mobile app, and choose between solo mining or joining a mining pool; mined Bitcoin is sent directly to a wallet under the user’s control. The initial “Genesis Batch” is available for pre-order at $899, with later batches priced up to $1,299. Pre-orders are fully refundable, with shipments planned for Q1 2027. Heatbit reports having tested the full system over winter in four- and five-person households in New York and Florida. At the current estimated hash price of approximately $36.73 per PH/s/day, a fully loaded 34 TH/s unit generates roughly $1.25 worth of Bitcoin daily, or about $455 annually.
Heatbit Launches $899 Bitwater Element for Bitcoin Mining While Heating Water
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Summary
Bitcoin breaking news: Heatbit has launched the Bitwater Element, a water heating device powered by 20 Bitcoin mining chips. The unit delivers up to 34 TH/s hash rate and 600 watts of power, and is compatible with 1-inch U.S. and Canadian water heaters. Users can monitor mining activity via a mobile app. Pre-orders are now open at $899, with deliveries scheduled for Q1 2027. The launch was reported by Bitcoin news outlets including ChainCatcher.
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