Cryptocurrency as Cryptofuel: Will Siberia Warm Houses With Bitcoins?

An entrepreneurial craftsman from Russian Siberian city of Irkutsk has come up with a new idea what to do with bitcoins. The best investment of the cryptocurrency in the region with freezing temperatures, he proved, would be to warm people's houses.

The man suggested keeping houses warm by using bitcoins as fuel. To do this he constructed a so called cryptoboiler, a processor connected to heat transfer tubes. The device is able to warm the entire building, which he called a cryptohouse.