pull down to refresh
100 sats \ 3 replies \ @DarthCoin 20h \ on: Profitability of Heating with Asic s9 Miner bitcoin_Mining
hahahaha no, mining is really linked to fiat when is about to produce or at least when you have to pay for the electricity. So you always have to compare the costs of producing that heating with standard methods (electrical, wood, gas) to the cost of heating with a miner. Earning sats will be just for fun and as a little extra.
I am also interested into mining for heating but the thing is that where I live, will be like 5 full months period proper to heat the house / room. The rest is hot like hell so the miner will be off totally. Also I checked the electrical installation and for a decent heating miner I will need to request a raise change of power from the electrical company. That will imply a price raise and is not worth it anymore.
Right now I am heating with wood stove, I have plenty of free wood around (I live in a mountain area).
But my idea is to install a miner as heater in my new homesteading citadel (in construction now) where I have a nearby small river with enough flow to put a mini-hydro with 24/7 enough power to run whatever miners I want.
Thinking of you, I took as many pains as posdible to try and divorce this analysis from fiat prices. Ultimately, you can determine the price paid for electricity in terms of sats it's meaningless in the real world, at least until the hydro companies catch on and start accepting lighting payments.
Right now I am heating with wood stove, I have plenty of free wood around (I live in a mountain area).
I envy this. Do you split wood in the spring to season it before Winter?
Ofc you know this, but take extra care with your chimney and stay safe out there.
But my idea is to install a miner as heater in my new homesteading citadel (in construction now) where I have a nearby small river with enough flow to put a mini-hydro with 24/7 enough power to run whatever miners I want.
Incredible idea! Looking forward to your next updates on this...
reply
Do you split wood in the spring to season it before Winter?
Starting now in March until end of May we cut trees, cleaning paths etc and let them dry for a while and then split them and rest in a covered place.
I always let some big trunks not split so I can have my own free gym the whole year. When I want to make some exercise I just split wood hahahaha
reply
My father used to make me cut wood as a kid. I'm glad I got to learn at a young age. Hoping to put this skills back to use at some point again.
BTW the s9 noise might drive you crazy in your shire home. Maybe fashion a noise-proof box if you go that way!
reply