30 sats \ 15 replies \ @monaco 2 Nov 2023 \ parent \ on: What do you think the next major win for bitcoin will be? bitcoin
The hard part is you have to constantly upgrade and a pleb can’t afford to do that every year or two
Get an old S9 and run it for as long as you can. $120 or so + fan upgrades. If you can replace a heater purchase you're at no loss.
600w and 40% fan speed is quiet and gets you 7 TH/s with enough heat for a sizeable room.
It's not a for profit operation, but will pay for itself over a couple years, even in a $0.10-$0.15/KWh grid, IF you can substitute it for a heater.
Here's my setup in the works. I'm planning on building my own case/box for it.
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My rates are closer to $0.60/kWh.
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Ouch!
I guess I shouldn't have bothered to put an electricity rate in that post. It kinda doesn't matter if you're replacing a heater that you use anyway.
The upfront cost, and time it takes to pay that off is really only a function of how much and how hard you run the miner.
Treat it like a heater that gives you a small rebate on electricity you would use anyway (that's the important part - use anyway) It's not a miner looking for profit.
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It's like resistive heating with a negligible discount, not standard heating, which, given which century we're in, would be a heat pump if you stick to electric. Unless you live in the United States of Gas Guzzlers where energy is dirt cheap and it makes more sense to burn it like there is no tomorrow than to replace the cardboard walls of your house with something that actually retains some heat.
I use natural gas in the house and a heat pump in the outbuilding, both of which cost roughly 1/4 of what resistive heating does.
The profitability calculator says my profits from running an S9 would be -$13 per day, which is a loss of $4745 annually. That's twice as much as my annual utility bills, which include heating, air con (not much as my climate is on the cool side), cooking, lighting, TV, PCs and a bunch of other things.
There is absolutely no incentive for me to replace my climate control with something that only heats, costs more to run and makes a lot of noise on top of that.
Really, energy is much more expensive in many places than where you live, also heating is not needed everywhere, e.g. people who live in the tropics may need cooling and no heating at all.
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If your winters get cold, there could at least be benefit to adding a miner as a preheater of the air intake.
That's my plan for my house I'll afford in 100 years.
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I couldn't agree more. Totally. That's the way. S9's are cheap nowadays. Use them as a heating and support small mining pools.
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How many sats can you pull out of this puppy on the average day?
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~400sats, sometimes more, depends on the pool luck.
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Which pool are you using? I run 3 TH/s 24/7 on Braiins pool and get more sats per day than that
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Depends on the weather. Right now, I have it not running 24/7. Maybe 6hrs a day max. Braiins pool, StratumV2
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Ive had at least 750 sats and at most 2500 (only on one day) running 7TH for 14 hours or so. My BrainsPool avg estimate is 891 sats. I'm on stratumV2.
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That’s pretty damn good
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Not too bad
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My S9 is not profitable. I run it with 750W as a heating radiator. It helps, no need to upgrade to a S19 or so.
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(don't worry about the noise if you run it with 140mm Noctua high performance fans)
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