Frequently Asked Questions

FAQ

What is bitcoin mining?

Bitcoin miners maintain and secure the bitcoin network, and process payment transactions made with bitcoin, such as online purchases.

What is bitcoin?

Bitcoin is a digital currency that can be used to make payments in the same way as euros or dollars. The currency is completely unbreakable due to its operating mechanism, which makes it a very secure means of payment.

Bitcoin is based on blockchain technology.

Do I need to know or study about bitcoin to make a purchase?

We have made our service package into a solution so that you don't need to know anything about Bitcoin, IT or mining! We handle maintenance, servicing and everything related to mining remotely.

Can miners really heat a house?

Yes! Mining computers consume electricity, which is converted 100% into heat. An average detached house consumes about 8kwh in extreme cold. The power of one mining device is 5kW. Miners can heat any premises that have a water-circulating heating system.

How much does the system cost?

Our heating system is comparable in price to other modern heating systems, such as geothermal. Our system includes an indoor unit "Bitcoin Boiler", an outdoor unit and, depending on the project, also a storage tank. The purchase price of the equipment depends on the selection and installation of the mining equipment.

The price of an accordion can vary between 18,000 and 33,000€, depending on the power needs of the apartment.

The payback period for equipment typically varies between 2 and 5 years in Finland. Payback times, and prices may vary between countries.


The design and pricing of larger projects are tailored to the customer.

What is done with the heat produced in the summer?

If the price of exchange-traded electricity is low, miners are used at full capacity in the summer. When electricity is cheap, mining makes a profit. At the same time, we also improve the profitability of the solar power plant and support the electricity grid. During the hottest summer months, excess heat is blown outside using a dry cooler installed outside. The dry cooler is comparable in appearance to the outdoor unit of a heat pump.