TLS84: Alex Busarov on Building Heatbit and How Home Heaters Could Distribute Bitcoin Mining Hashrate

Dec 6 2022 • 1hr 7m

Show Notes

Alex Busarov is the founder of Heatbit, a company building an electric heater that mines Bitcoin.
In our conversation, we discussed how the Heatbit heater works, whether this home heating use case can introduce new people to Bitcoin mining, when Heatbit plans to integrate Lightning Network payouts, as well as the vision and roadmap for the company.
→ Heatbit: https://www.heatbit.com/
Sponsors
→ Voltage: https://voltage.cloud?utm_source=kevinrooke&utm_medium=Youtube&utm_campaign=1mo
→ Stakwork: https://stakwork.com/
This show is a Lightning podcast. That means instead of asking for likes or shares, I ask for sats.
The best way to show your support is to download Fountain from the App Store, load your wallet with some sats, and send them over the Lightning Network to kerooke@fountain.fm.
→ Fountain: https://www.fountain.fm/
→ More Episodes: https://play.fountain.fm/show/P6XXuSPg6f2rj4ECB0fT
→ Lightning Address: ⚡kerooke@fountain.fm
Links
→ Stack Sats: https://www.stacksats.how/
→ Twitter: https://twitter.com/kerooke
→ Books: https://www.kevinrooke.com/book-recommendations
→ Blog: https://www.kevinrooke.com/blog
Timestamps
00:00 - Intro
02:11 - Alex Busarov Intro
06:41 - How Does Heatbit Work?
13:31 - Building a Miner vs. Building a Heater
18:16 - The Economics of a Heatbit Heater
24:42 - Why Heatbit Chose To Build Home Heaters
34:35 - Will Heatbit Integrate Lightning Network Payouts?
38:56 - Will All Heaters Be Powered By Bitcoin Miners?
50:12 - Heatbit’s Roadmap & Product Strategy
1:02:30 - The Lightning Round