I mined in my house 2-3 years ago. Trust me the heat is nice but not free. I spent 1700$ a month on electricity and had to open my windows in my house if it was above 40 outside. I was mining eth with about 75 graphics cards. Never got into ASICS machines cause they are single purpose and planned obsolescence so I never could justify the cost.
Sent from my iPhone > On Jan 10, 2021, at 12:52, Mark Radabaugh <m...@amplex.net> 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 -- AF mailing list AF@af.afmug.com http://af.afmug.com/mailman/listinfo/af_af.afmug.com
