Obwexer Maximilian had a problem.
He was heating his house in Austria with conventional heating oil and was expensive. A nature by nature and an ex engineer who had worked on hydroelectric plants, was trying to find a better way to heat his home.
After many rounds of experimentation and having deepened the Bitcoin rabbit hole (mining), three years ago he founded a company dedicated to effort. His company, 21 Energy, makes miners well balanced, robust and incredibly beautiful (and incredibly quiet!) For domestic use. The first models of Ofen 1 boasted up to 10 TH/s, while the premium model could reach, at maximum speed and make a lot of noise, 40 TH/s. Having downsized the production, taking 12 new employees only this year and launching the new Ofen 2 (35-42 Th/s), the Bitcoin heater arrives in the style of a conventional-diet radiator by Bitcoin. And yes, you can only mine with this bitcoin heater … or join any pool that you think is the best.
“Bitcoin heaters are balancing of the decentralized grid – at home!” He proclaimed on the Helsinki stage on Friday before hundreds of curious faces between the public at the BTCHEL inauguration of the Nordic Bitcoin Conference. In a refreshing way, he spent most of his presentation Not By selling its excellent products or explaining its history in Bitcoin, but on the many problems that afflict the European grid.
Europeans are considered to foreigners for the import of energy. To its current electricity-carbone Legacy, gas and Hydro-you increasingly asked to turn off their escort to the network, in favor of the increasingly wind figures and solar panels. The generation of fossil fuels produce CO2 emissions and particles in the immediate environment, but its proposed substitutions push the generation of dynamic and uncontrollable electricity on the grid. At the maximum of the offer, renewable energy suppliers are also requested by the management of the network to reduce or close production; There is simply no one who takes excess electricity, nowhere to put it
This is obviously bad as it wastes a potential electricity that could have been used, but even worse is that it makes investment calculations for renewable energy investors worse. Do not correlated, families in Europe pay the exorbitant rates for their electricity … and, moreover, heating in general is quite expensive.
When you put all these aspects together, it’s like the old world scream Outside for Bitcoin mining. Obwexer agrees: “It’s a kids game, even if you don’t like Bitcoin you don’t like it,” he says, standing next to its shining green cabin and radiators who keep the Expo room in Helsinki Real Toasty.
In fact, much of its customer base are “solar boys”-desiced climate change activists who want to do something practical to de-refine their use of energy. Although it is not exactly the first group you think you are interested in Bitcoin, “The Economics makes sense”, says Obwexer.
In a recent interview by Podcast with Knut Svanholm and Luke De Wolf, two of the BTCHEL co-organizers, Obwexer observed that “Finland is really at the forefront in the heating of Bitcoin and the heating of the Bitcoin district”:
“Europe needs Bitcoin mining So badWith the high volatility in electric networks … we must not fear politicians too much, because … they have already written it – they simply do not see that they have written the Bitcoin mining everywhere. “
On Helsinki’s stage, he showed one of the most important graphs of the entire economy and energy debate, which underlines exactly how much the crucial energy is for the well -being and prosperity of a society. “If you want a clean, rich and healthy society, you need a lot of power.”
Subsequently, for Obwexer and his 21 Energy team is contributing to flexible loading at the grid level. Put the mobile miners in a truck and remove the production pressure, e.g. Hydroelectric plants, it is a perfect use case for Bitcoin Mining: instead of being asked to increase production due to an overload grid, they can deviate the electricity deriving from their water flow to Bitcoin miners, which also changes their response times from a few minutes to seconds.
In general, using Bitcoin miners specifically built or rebuilt for the heating of the house is the most obvious way to decentralize mining, especially because the miners of houses are much less sensitive to the ruthless economy of the Bitcoin mines which, for example, the great mineral farms are.
While simultaneously solving several energy problems of the real world, Obwexer and his team to 21nergy are doing this-“From Tyrol to the world”.
“I am super bullish on Bitcoin Mining in Europe,” concluded Obwexer.