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

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