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Virtual Mining of Virtual Currency Used to Keep Real People Warm in Siberia
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Virtual Mining of Virtual Currency Used to Keep Real People Warm in Siberia

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During the Bitcoin mining process mining equipment generally gets heated, and this heat can be used for warming premises. According to the businessman, there are perfect conditions for such a use case in Russia: electricity is very cheap and heating season is long... Electricity costs when for mining equipment instead of heating equipment remain the same, but their owners also receive bitcoins, which not only compensates the expenses, but also generates revenue, says the entrepreneur.

Which come to think of it, is probably the only scalable use case of Bitcoin in general. If the people of Siberia teamed up with people in other frozen climates of the world to actually start using Bitcoin as money, we might finally have a virtual money that people actually use as money. (While also using it to help pay the heating bill.)

Hat tip: You are not allowed to view links. Register or Login to view.. Qualifier: News sources is in Russia from Russia, so take with grain of salt. Because in Putin's Russia, news reports you.

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