Zcash looks like it could be positive.
On 1/10/21 2:50 PM, Craig House wrote:
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>
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<https://www.facebook.com/mdwestix><https://www.linkedin.com/company/midwest-internet-exchange><https://twitter.com/mdwestix>
The Brothers WISP <http://www.thebrotherswisp.com/>
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<https://www.youtube.com/channel/UCXSdfxQv7SpoRQYNyLwntZg>
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