BTC187: Home Heating and Bitcoin Mining w/ Alex Busarov (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 19 June 2024

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Join us as Alex Busarov, founder of Heatbit, discusses combining Bitcoin mining with home heating and air purification. Learn about the challenges, the innovative "heating-by-computing" principle, and the future of decentralized mining. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:21 - The journey of creating the world's first Bitcoin-mining heater. 02:00 - The challenges faced in developing Heatbit One and Heatbit Trio. 05:03 - How the "heating-by-computing" principle works. 08:58 -The environmental impact of traditional Bitcoin mining. 09:27 - How Heatbit addresses these environmental issues. 25:19 - The future of decentralized Bitcoin mining. 29:40 - The vision for placing a Bitcoin-mining device in every home. 34:06 - Insights into the intersection of Bitcoin mining, home heating, and air purification. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Check out Heatbit’s website. Heatbit's X (Twitter) account. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Check out our Bitcoin Fundamentals Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota CI Financial Sun Life AFR The Bitcoin Way Industrious Briggs & Riley Meyka Public Vacasa American Express iFlex Stretch Studios Range Rover Fundrise USPS Shopify Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:03.0	Hey everyone, welcome to this Wednesday's release of the Bitcoin Fundamentals Podcast.
0:07.0	This episode is brought to you by River, the place that I personally go to securely invest in Bitcoin with confidence and with zero fees.
0:15.1	We have Mr Alex Bousaroff, the founder of Heatbit.
0:18.8	Alex has pioneered combining Bitcoin mining with home heating and air purification. We'll discuss the journey of creating
0:25.9	Heatbit, its challenges, and the Heat by Computing Principles. I have no doubt you guys are going to love
0:31.6	hearing this. Alex is just one heck of an engineer and deep thinker.
0:36.4	And so with all of that, let's go ahead and jump right into the interview
0:39.3	with the knowledgeable Mr Alex Busaroff without further delay.
0:43.0	Celebrating 10 years, you are listening to Bitcoin Fundamentals by the Investors Podcasts Podcast Network.
0:53.0	Now for your host, Preston Pish. Hey everyone welcome to the show I'm here with Alex and boy I'm excited to have
1:08.8	this conversation Alex I've seen the hardware I've been around the hardware you and I have had quite a few conversations
1:15.2	historically and I am thrilled to have this conversations for our audience to hear this
1:20.0	so welcome to the show thank you I'm glad to you you said you've seen it working, but you didn't say that you've heard it because it was actually
1:26.7	qualified.
1:27.7	I'm pleased I'm going to pass it to our engineering.
1:30.0	It is quiet.
1:31.3	And for anybody that's wanting to know.
1:33.4	So first of all, this is a mining rig that heats your house
1:38.1	and you know it looks like a traditional almost like a dyson
1:42.1	air filter that you'd put in the corner of your room for people that. a On the website you have it listed that it's 40 decibels which is the equivalent of somebody for people that don't know what 40 decibels
1:57.4	This is the equivalent of somebody whispering of how quiet this is so this is equivalent to what how loud a dyson is, correct?
	...

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