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This is theoretically perfectly feasible. Currently, however, the capital costs of mining equipment are so high that it doesn't make sense to keep them offline.
by Maakuth 9y ago
This is theoretically perfectly feasible. Currently, however, the capital costs of mining equipment are so high that it doesn't make sense to keep them offline.
- kwindla 9y agoAnd if you don't have to pay any capital costs, because you are running a massive, opt-in, decentralized pool of compute resources that other people own ... ? :-)
- shagie 9y agoMost coin mining is not practical on home computing devices. Wasting the power generation in this way isn't necessarily the best investment of the surplus power. Also... realize that this is power to the local utilities is negative cost - not the power to someone's home. They're still paying retail rates. I would be most disappointed to have the power utility turn on something that causes me to consume more power (be it cryptocurrency or all the lights in my house) when I'm still paying retail rates.
- kwindla 9y agoGood point about retail rates being very different from wholesale rates.
- deleted 9y ago[deleted]
- zanny 9y agoIf you aren't controlling the hardware doing the mining you also don't care about the electric costs to operate it.
- kwindla 9y agoWell, you might if part of your arrangement with the people in your pool is that you'll mine only when it's profitable to do so.