The latest post from Will Prowse he had a 280 AH LFP 12v(+) battery for
~$450 plus $135 for the BMC that met specs. I think it is getting close
to the time to start optimizing electricity purchases for the time of
day and get the best price per watt. That could make a much bigger
difference in what you spend...
On 1/10/21 10:51 AM, Mark Radabaugh wrote:
Mining bitcoin with the rational of generating heat for your house is a 1 to 1
efficiency from a thermodynamic standpoint. Every KW of heat costs you
whatever your electric rate is. You are earning some money (coin) for each KW
which reduces your effective heating cost.
At this point I don’t think any of the currencies mining value is even close to
the electric rate required to produce it. Put your money into a good
geothermal system that gives you 3KW of heat for each 1KW of electricity you
put into it.
I’m willing to bet you will be farther ahead spending your money on geothermal,
solar, and insulation.
Mark
On Jan 10, 2021, at 1:22 PM, Matt Hoppes <mattli...@rivervalleyinternet.net>
wrote:
Now this is an interesting idea I had never considered!
On 1/10/21 1:15 PM, Mike Hammett wrote:
I'm intrigued by mining cryptocurrency to generate heat in my house that pays
for itself.
I understand that there is something called profit switching that changes which
currency is being mined based on profitability.
I understand that ASIC miners are way more profitable.
I understand that algorithm support in ASIC miners varies.
Where can I go to separate the wheat from the chaff? Google returns a lot of
crap.
I understood that you mine the coin, stuff happens, then the coin goes into
your wallet, of whatever type. You then hold it or exchange it for goods or
cash.
What are pools?
What are stratums?
Where can I find more information on asic miners, to find which ones are best
able to generate a return for their cost?
-----
Mike Hammett
Intelligent Computing Solutions <http://www.ics-il.com/>
<https://www.facebook.com/ICSIL><https://plus.google.com/+IntelligentComputingSolutionsDeKalb><https://www.linkedin.com/company/intelligent-computing-solutions><https://twitter.com/ICSIL>
Midwest Internet Exchange <http://www.midwest-ix.com/>
<https://www.facebook.com/mdwestix><https://www.linkedin.com/company/midwest-internet-exchange><https://twitter.com/mdwestix>
The Brothers WISP <http://www.thebrotherswisp.com/>
<https://www.facebook.com/thebrotherswisp>
<https://www.youtube.com/channel/UCXSdfxQv7SpoRQYNyLwntZg>
--
AF mailing list
AF@af.afmug.com
http://af.afmug.com/mailman/listinfo/af_af.afmug.com
--
AF mailing list
AF@af.afmug.com
http://af.afmug.com/mailman/listinfo/af_af.afmug.com
