Originally posted by AtW
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Cryptocurrency
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"Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon Musk -
Just a thought. Is bitcoin mining viable in this country?
I was wondering if you could do it over the winter, and use the heat produced by the rig to heat your house. At least this way the electricity wouldn't be wasted.
I guess it depends how much a reasonable rig would cost and how many kWh it would take to mine a decent £amount of BTC.Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.Comment
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Originally posted by DealorNoDeal View PostJust a thought. Is bitcoin mining viable in this country?
I was wondering if you could do it over the winter, and use the heat produced by the rig to heat your house. At least this way the electricity wouldn't be wasted.
I guess it depends how much a reasonable rig would cost and how many kWh it would take to mine a decent £amount of BTC."Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon MuskComment
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Originally posted by DealorNoDeal View PostIs bitcoin mining viable in this country?
Source: https://www.bbc.co.uk/news/uk-englan...ngham-57280115
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Originally posted by AtW View Post
Instead of cannabis plants they found a bank of about 100 computer units."Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon MuskComment
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“According to a Bloomberg report, Raees (20) and Ameer (17) Cajee, two South African brothers that founded Africrypt, have disappeared with $3.6 billion worth of Bitcoin. The alleged scam represents the biggest heist in cryptocurrency history, even larger than the $2 billion that recently vanished in Turkey.
Back in April when Bitcoin was skyrocketing, Ameer, the cryptocurrency investment company's CEO, informed Africrypt's investors that the company was reportedly hacked. He told them not to report the occurrence to the authorities or their lawyers, since it would only hamper the recovery process.”
https://www.tomshardware.com/uk/news...illion-bitcoin
20 and 17 year olds were entrusted with 3.6 bln dollars worth of tulipcoinsComment
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Originally posted by Jog On View PostYou'd be better off just buying some instead. Besides, POW mining without renewable energy will probably be heavily carbon taxed before long.
You’ll really hate the Govt when they crash the tulips market proper - it’s going to be greatComment
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Originally posted by Jog On View Post
Don't think it's viable without a datacentre these days
Virtually 100% of the electricity consumed by a mining rig ends up as heat. They are like fan heaters.
Electricity is currently about 20p per kWh. If you could mine say 10p of bitcoin per kWh*, you would halve the cost of electric home heating during the winter months.
I guess the problem would be the capital outlay of the rig, and how long it would take to recoup that. Also, from what I've read, the yield of a rig reduces over time because of the increasing difficulty of mining, so you may not get 10p of bitcoin/kWh for very long.
* I've no idea if 10p/kWh is realisticLast edited by DealorNoDeal; 24 June 2021, 07:15.Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.Comment
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Yeah, they really need a lot of heating around hydro-electric power plans in China - they could use it to boil water and make electricity, thus becoming self-sufficient…Comment
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Heating your home with electricity is also far nicer for the environment so you'd be doing the world a good deed.Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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