We have a lot of wasted energy as heat in our daily lives. Even if we could convert 10% of waste energy into a usable form.
Exactly. It feels like such a waste when I'm running the heater and thinking "I could actually be using this energy to do something useful". That's why I like the idea of co-generation, for instance.
It would probably be a lot more compelling, were residential heating not already being subsidized by the government.
But there's also the security part of it. How can they ensure these systems that are in individuals houses can't be tampered with and the potential of data being compromised or systems being stolen.
Modern CPUs support memory encryption. So, even having physical access to the machine doesn't mean you'll be able to monitor or manipulate what it's running.
Regarding theft of the hardware, I wonder if the home owner needs to pay a deposit on it. That would be the cleanest way, but it seems a big ask for them to put down a deposit of probably a couple $k, only to receive $200 worth of free hot water per year. But, at least that way, if the home is burglarized, the home owner goes through their insurance to recoup their deposit, rather than the service needing to worry about who/how/why the server disappeared.