RUBS, multi-family, and bitcoin mining arbitrage

[Joe Lambert]

Has anyone looked into utilizing bitcoin mining to minimize utility costs, such as electricity, while integrating the heat in the winter?

My idea would be to use enough mining equipment to reach the industrial electrical rate, charge the resident the average electrical cost of a unit, and pocket the difference.  My calculations indicate that there is about 33% savings in the rate between industrial electrical rate and residential, this is before the mining profit and heat synergies. 

Thoughts?