Frequently Asked Questions

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A commercially available JouleCube product is now ready for deployment. Feel free to contact us to view the system.

Bitcoin mining began on home computers but the Bitcoin industry has focused primarily on industrial mining which requires prohibitive capital costs in buildings and energy infrastructure. Industrial mining requires high energy consumption to power and cool traditional mining hardware which produce a lot of noise and waste heat while operating 24/7. These factors have led to the perception of mining being loud and wasteful and expensive. 

Our solution brings mining back to its home-based origins repurposing it as a heating element:

• no large capital costs  -  Mini and MaxiMines clip in to energy infrastructure already in use  
• no excess noise - immersion mining is almost silent 
• no waste heat - heat produced is repurposed for current heating and cooling systems
• pursuing green energy solutions in a energy centric industry
• focus on a positive sustainable future for Bitcoin and the Blockchain
• committed to helping consumers save money and energy in all economic climates

The end-users of the JouleCube Max will be the operators of commercial, industrial facilities and building facilities. The end-users of the MiniMine will be homeowners. 

We do not anticipate direct-to-consumer sales, we will focus our efforts on business-to-business distribution channels through partnerships with:

- Developers (Real Estate, Multi-Unit Residential, Commercial)

- Residential and Commercial Builders

- Home Renovation companies

- Solar Energy providers

- Wind Energy providers

These partnerships will allow us to focus on selling our systems at scale under standard terms for installation, service, and warranty program.

We expect future partnerships will drive demand for MiniMine, MaxiMine, and our partners' eco-friendly offerings. JoulePort’s environmentally sustainable technology will be integrated into suitable projects, offering a competitive alternative and generating income for end-users. The increased sales should benefit all parties involved.

JoulePort is developing a reseller program and will provide approximately a 10% commission for its product sales under our reseller program.

Applicable components of the JouleCube systems are compliant with CSA standards. The heating component is a computerized heating module working in immersion technology making the heat transfer extremely efficient. A certified independent engineering review of the JouleCube components will be completed shortly.

We are currently working with engineering certification firms in Canada and the US to obtain green certification for the system. By utilizing green energy components we can meet and or exceed government requirements for the JouleCube ystems. We believe the systems will meet government requirements to qualify as an eco-friendly energy efficient home or business energy upgrade.

The JouleCube Max is already eligible under the Technology Innovation and Emissions Reduction Regulation of Alberta as below:

Our specific grants will include Combined Heat and Power (CHP - Page 24) that provide $850 per KW or up to 50% of the project cost.

https://www.eralberta.ca/wp-content/uploads/2023/02/ESB-Program-Measure-List-V6.-Feb-2023.pdf

Our JouleCube Max system, integrating seamlessly with solar power, would qualify for the 30% Clean Energy Investment Tax Credit and zero/low-interest financing options through the Solar Grants program in the Federal Budget.

Government funding, such as the U.S. Inflation Reduction Act and Canadian Greener Home Initiative, makes grants and tax credits available to manufacturers and consumers for purchase of energy efficient products and those helping to transition away from fossil fuels. We are currently reaching out to grant consulting application firms to apply for grants and tax credits and rebates from relevant government agencies. Homeowner grants, tax incentive and credits may reduce energy production cost by 30 to 50% in the aggregate.

• The industry is in its relative infancy to penetrate residential opportunities.

• We expect to benefit from the increasing activity in the industry aimed toward homeowner, business and commercial facilities seeking to upgrade heating systems and energy efficiency.

• JoulePort is not just an immersion mining product, it’s not just a crypto service, it’s a new synergistic project that can make home mining an accessible integrated system and help grow the Bitcoin community.

• Competing heating solutions, and specifically heat pumps, use energy to heat homes, but provide no ancillary function. 

• There have been recent entrants into the hobbyist market by companies such as HeatBit. These products operate at a smaller scale and do not compete with the JouleCube systems but do indicate that the market for computerized heating systems is emerging.

• We believe no one else has seen the same opportunity or done the intense work to create the vision for the product infrastructure, mining network and find the deep corporate and grant connections that we have.

Our heating systems use computerized heating modules that allows us to control them directly. JoulePort plans to use artificial intelligence tools to monitor various aspects of the system, such as energy consumption, heat flow, and household or commercial building habits. AI tools will help optimize the system for better environmental performance and lower energy use.