Heatbit Introduces Bitcoin-Mining Water Heater Element

• Heatbit's Bitwater element replaces a tank's resistance wire with 20 mining chips.
• The element mines Bitcoin using the same electricity that heats the water.
• The Bitwater element is priced at $899.
• Some Bitcoin users believe devices like Bitwater can help decentralize the crypto network.
• Heatbit claims the Bitwater element uses the same amount of electricity as a standard resistance wire.