3 ms·
I have solar and generate far more electricity than I could ever use. I investigated cryptomining as a way to use up that electricity, and no matter how I crunc
by city41 9y ago
I have solar and generate far more electricity than I could ever use. I investigated cryptomining as a way to use up that electricity, and no matter how I crunched the numbers I couldn't make it profitable.
- castratikron 9y agoHow did you arrive at that conclusion? Any amount of mining will be profitable since your electricity is free. You could dig out a used Thinkpad from the closet and even though the hashrate would be miserable, you would still be making money since your electricity cost is zero. Of course you would probably want to use more efficient hardware to mine, and that's in terms of $/kWh. I've got a GPU mining ethereum right now at about $0.75/kWh. Even in my apartment where electricity is $0.10/kWh I'm still turning a profit.
- city41 9y agoThanks, you've inspired me to take another look. When I looked into this the first time, the $/kwh versus hardware cost never added up. I have no hardware lying around I could use, so chances are I'd have to buy something. There's also the opportunity cost. If getting the hardware, learning everything and regular maintenance only nets me say a $5/month profit, it doesn't seem worth pursuing. It's been a few months since I researched this, I'm happy to be wrong so I'll take another look.