How does a bitcoin miner compare with a heat pump?

Short answer

In mild weather a heat pump is more efficient, moving about 2.5 to 3 units of heat per unit of electricity. In cold weather that advantage shrinks, and many systems lean on electric backup strips that make heat one-for-one, like a miner. A miner makes heat one-for-one all year and earns bitcoin with the same power.

A heat pump moves heat from outdoors instead of making it, which is why it can deliver more heat than the electricity it uses. The colder it gets, the less heat there is to move.

MeasureFigureSource
Seasonal heating COP (measured, British Columbia)2.4 to 3.3BC Cold Climate Heat Pump Study
Minimum COP at 5°F for cold-climate certification1.75NEEP cold-climate ASHP spec
Where most central units cut back or stopped heating37°F to 23°F (3°C to -5°C)BC Cold Climate Heat Pump Study
Backup coil share of heating and cooling energy (average)22% (some of it defrost)BC Cold Climate Heat Pump Study
Electric backup strips and bitcoin minersCOP 1 (all power becomes heat)Physics of resistance heat

Do they work together?

Yes. A miner can carry hot water and base heat all year, while the heat pump handles cooling and the coldest days. The Heat Calculator compares a miner against a heat pump adjusted for your climate and elevation.