Was that a joke? Both points are wrong. Electric radiators aren't 100% efficient, can't be. e.g., some of the transformed energy will be light (the metal gets red when it starts to get hot).
And of course if you use a computer then X% will go into the computation. The reason why it might be cost efficient for you is because the server guy thinks he has the same costs for electricity no matter if the server is in the data center or in your home, and therefore pay your bills for the server heater.