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Cryptocurrency

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    New builds soon cannot use natural gas or oil for heating or hot water, so that means an electric boiler.

    Instead, a mining rig would be water cooled, leading to hot water.

    First person to design an electric boiler that can mine crypto will become an eco-trillionaire.
    First Law of Contracting: Only the strong survive

    Comment


      Originally posted by d000hg View Post
      Heating your home with electricity is also far nicer for the environment so you'd be doing the world a good deed.
      I just did a quick calc using the calculator on this site:

      https://www.buybitcoinworldwide.com/mining/hardware

      Rig (ASIC): Whatsminer m30s+
      Price: $2,500.
      Electricity consumption: 3.4kWh
      Hash power (TH/s): 100
      BTC price: $33k
      Electricity cost per kWh: $0.30 (approx 20p)

      Running 24x7, this generates $8,800/year in BTC. But it consumes $8,800/year in electricity. In other words, there's no profit and it just breaks even. However, that means you're getting 3.4kWh of free electric heating.

      The other thing I'd need to check is how noisy (dB) the fans are in them. It would be a non-starter if they sound like a jet engine.
      Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.

      Comment


        Free, heavily concentrated heat, in your house - you have to sleep next to a machine whose coolers are designed to deal with a couple of kwatt worth of energy - like a major data center server.

        Comment


          Originally posted by DealorNoDeal View Post

          I just did a quick calc using the calculator on this site:

          https://www.buybitcoinworldwide.com/mining/hardware

          Rig (ASIC): Whatsminer m30s+
          Price: $2,500.
          Electricity consumption: 3.4kWh
          Hash power (TH/s): 100
          BTC price: $33k
          Electricity cost per kWh: $0.30 (approx 20p)

          Running 24x7, this generates $8,800/year in BTC. But it consumes $8,800/year in electricity. In other words, there's no profit and it just breaks even. However, that means you're getting 3.4kWh of free electric heating.

          The other thing I'd need to check is how noisy (dB) the fans are in them. It would be a non-starter if they sound like a jet engine.
          If you hold the BTC you mine it will be worth more than $33k over time so could be profitable in the long run
          "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

          Comment


            Originally posted by Jog On View Post
            If you hold the BTC you mine it will be worth more than $33k over time so could be profitable in the long run
            In a million years?

            If you are so sure that’s the case why not just buy it on the “exchange”?

            Comment


              Originally posted by AtW View Post
              Free, heavily concentrated heat, in your house
              I doubt it puts out more heat than a standard radiator. Go read up on your physics about convection and so on.
              You might need one in every room which would be an interesting look.
              Originally posted by MaryPoppins
              I'd still not breastfeed a nazi
              Originally posted by vetran
              Urine is quite nourishing

              Comment


                Originally posted by d000hg View Post
                I doubt it puts out more heat than a standard radiator. Go read up on your physics about convection and so on.
                You might need one in every room which would be an interesting look.
                It wasn’t me who was suggesting this idiotic idea

                Comment


                  Originally posted by AtW View Post

                  It wasn’t me who was suggesting this idiotic idea
                  It's you suggested a localised heat source was a problem, when that's how UK houses have been heated for about a century.

                  One could probably install them in floors/ceilings anyway, they even have fans to provide vented heating
                  Originally posted by MaryPoppins
                  I'd still not breastfeed a nazi
                  Originally posted by vetran
                  Urine is quite nourishing

                  Comment


                    Originally posted by d000hg View Post
                    It's you suggested a localised heat source was a problem, when that's how UK houses have been heated for about a century.

                    One could probably install them in floors/ceilings anyway, they even have fans to provide vented heating
                    Before I block you forever, I'd like just to say that are the biggest doodard on here, and that says a lot given how huge competition is for the COTY title.

                    ta ta tard

                    Comment


                      If only this were true, it would make my day.
                      Originally posted by MaryPoppins
                      I'd still not breastfeed a nazi
                      Originally posted by vetran
                      Urine is quite nourishing

                      Comment

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