Mining heater: unusual device invented by a Russian startup

Comino has managed to attract 10 million U.S. dollars in its interesting hardware project: a liquid cooling device/heater that mines cryptocurrency as it works. The investor, Exantech, now has an unspecified share in this business. The latter company was founded by the Exante invest fund, which, in turn, was created after successful crypto hedge business operations made by Bitcoin Fund. Exantech, Exante and Bitcoin Fund are owned by Anatoly Knyazev, Alexey Kirienko and Gatis Eglitis.

This unusual mining apparatus will be sold in Germany and will cost $4,499, told the CEO of this company to the media. According to Evgeny Vlasov, the first model can mine around 10 dollars a day. If someone from Russia decided to buy it, he would have had 18 thousand rubles a month with 4,500 rubles spent for power at the same time. This means 13,500 rubles of net income, the media explains.

Image courtesy of VC.RU

The heater can work well with a room of 25-30 square meters. The startup is currently in possession of only 10 devices, but they plan to manufacture 600 of them.

Experts believe that this device seems to be too expensive, but the overall idea is very perspective. However, self-built big mining rigs are, of course, more efficient.