0 sats \ 2 replies \ @DeezSats 29 Sep 2022 \ parent \ on: SN release: make jobs great again meta
You can get passive sats with bitcoin by mining. You have to invest at least a whole coin in miners to make it worthwhile. If you live in or have access to an area with cheap energy it's a no-brainer.
Otherwise find a host that ideally accepts bitcoin (surprisingly hard to find) so that you never leave the ecosystem. The more people do this, the more mining stays decentralized.
Mining in a cold climate is between free to profitable if you consider the miner itself a sunk cost of living (like part of the house).
Even paying grid prices at $0.13/kwh your heat is free, and at $0.20/kwh a 100TH S19 is about the same cost as heating your house with propane.
S19 pro
Miner cost: $1900
Wattage: 3250
MBTUH/Month (heat): 8.0
Profitability @ $0.20/KWH: -$190
Profitability @ $0.12/KWH: -$2.90
Average high efficiency hydrocarbon furnace: 95%
Furnace input/mo: 8.4 MBTUH
Therms/mo Nat Gas: 84
$/therm: $0.25
Equivalent heat cost with nat gas: $21
Gal/mo propane (lpg): 92
$/gal-lpg: $2
Equivalent heat cost with lpg: $184
Note: during a cold month a dwelling could use more than 500 gallons of propane, so a single miner would only be supplemental heat
At average winter electricity prices of less than $0.12/kwh (no profitability) you would save around $200/mo (on propane) per miner with its waste heat
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I misread the faqs on natural gas prices, it's actually $0.64/therm (page 2) which changes the equivalent mining heat cost with natural gas to $54/mo
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