What kind of stove is it?
What started smoking?
Re: Induction
Some stainless pots a magnet won't stick to still work with induction. But there's only one way to find out... the hard way. I have a (cheap) 8 gallon Polar Ware kettle (single ply bottom, not triple ply) that works great on induction. I use it to heat sparge water, and also make stocks and large batches of soup in it.
Induction heating is a bit more efficient than an electric coil or a flat top, and you could insulate the kettle easier. But 1500W is still a bit skimpy.
My $200 IC3500 induction plate is 3500W, but runs on 240V. I love it, and for more than brewing.
It could be plugged into an electric dryer outlet using a different plug or an adapter.