
While heating water in your water heater, you’re mining Bitcoin. You’re using the same electricity you were already going to consume to heat water. If you mine in a pool, you could earn around $420 annually. But if you mine solo and successfully mine a block, you’d receive 3,125 BTC (~$250,000). Mining a block solo is extremely difficult: on average, only about 25 blocks are mined solo across the entire network each year—this is tough. Let’s shift perspective: you have to heat the water anyway. With this option, it’s like holding a lottery ticket among millions, with 25 annual prizes of ~$250,000 each—forever. What do you think?
