Can bitcoin mining power a home water heating system?
Could you elaborate on the feasibility of utilizing bitcoin mining to power a home water heating system? Given the intense computational power required for bitcoin mining, is it plausible that the heat generated by this process could be harnessed for domestic water heating purposes? What would be the practical considerations in implementing such a system, such as energy efficiency, cost-effectiveness, and environmental impact? Furthermore, would this approach be scalable for larger-scale applications or is it primarily suitable for individual households? Thank you for your insights on this intriguing intersection of cryptocurrency mining and renewable energy utilization.