Maximilian Obwexer had a problem.
He heated his home in Austria with conventional heating oil and it was expensive. A tinker of nature and a former engineer who had worked with hydropower plants, he tried to find a better way to warm his home.
After many experimentation rounds and after going down on Bitcoin (mining) rabbit hole, he founded a company that was devoted to the effort three years ago. His company, 21Energy, makes well -balanced, robust and incredibly beautiful (and incredibly quiet!) Worm workers for home use. The early models of Ofen 1 boasted up to 10./S, while the Premium model could reach, with top speed and make lots of noise, 40 th/s. After scoring production, hiring 12 new employees only this year and launching the new Ofen 2 (35-42 th/s), the Bitcoin heater comes in the style of a conventional radiator drive by Bitcoin. And yes, you can solo mine with this Bitcoin heating apparatus … or join the pool you think is best.
“Bitcoin heater is decentralized grid balancing – at home!” He proclaimed on stage in Helsinki on Friday before hundreds of curious faces in the audience at the initial Nordic Bitcoin Conference Btchel. Refreshing he spent most of his presentation not To sell its excellent products or explain its story in Bitcoin, but on the many problems affecting the European network.
Europeans are seen for foreigners to import energy. Its current electricity producers-legacy coal, gas and hydro are increasingly asked to turn off their supply to the web in favor of the increasingly current wind turbines and solar panels. Fossil-fuel-based generation produces CO2 emissions as well as particles in the immediate environment, but its proposed replacements push dynamic and uncontrollable online electricity generation. At Peak Supply, Renewable Energy providers are asked by network management to limit or run production; There is simply no one to take the excess electricity, nowhere to say that
This is obviously bad as it wastes potential electricity that could have been used, but even worse is that it makes investment calculations for investors for renewable energy worse. Households in Europe are not related, pay exorbitant prices for their electricity … and on top of it is generally quite expensive.
When you put all these aspects together it’s like the old world is screaming out to Bitcoin mining. Obwexer agrees, “It’s a no-brainer self you don’t like or understand Bitcoin,” he tells me and stands next to his shiny green stand and radiators and holds Expo Hall in Helsinki Real Toasty.
In fact, a large part of his client base “Sunfires”-referred climate change is activists who want to do something convenient to diminish their own energy consumption. While not exactly the first group you are thinking of being interested in Bitcoin, “the economy is just sensible,” Obwexer tells me.
In a recent podcast interview with Knut Svanholm and Luke de Wolf, two of the co-organizers in Btchel, Obwexer noted that “Finland is really at the forefront of Bitcoin warming and Bitcoin district heating”:
“Europe needs Bitcoin -mining operation So badWith the high volatility of the electricity grid … We don’t have to fear the politicians too much because … they already wrote it down – they just don’t see that they wrote Bitcoin mining everywhere. “
On stage in Helsinki, he showed one of the most important graphs in the entire economy and energy debate, which exactly emphasizes how crucial energy is to the well-being and flowering of a community. “If you want a clean, rich, healthy community, you need a lot of power.”
Next for Obwexer and his team at 21Energy contribute to flexible load at a grid level. To put mobile miners in a truck and take off the production pressure, e.g. Hydro plants, are a perfect use case for Bitcoin mining: Instead of being asked to ramp down production due to an overloaded grid, they can divert electricity derived from their stream of water to bitcoin mining workers -which also changes their response time from minutes to seconds.
Generally, using custom-built or rebuilt Bitcoin my workers to heat your home is the most obvious way of decentralizing mining in — Iste as home-persons are much less susceptible to the cutthroat economy in Bitcoin mining, for example. Are large mining holdings.
While solving several real world’s energy problems at once, Obwexer and his team at 21Energy do just that “from Tyrol to the world.”
“I’m Super Bullish on Bitcoin mining in Europe,” Obwexer concluded.