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> Victor Rosario in Brooklyn probably has a bunch of cryptocurrency... At 1155 GH/s, he has probably mined upwards of several dozen dollars worth of cryptocur

> Victor Rosario in Brooklyn probably has a bunch of cryptocurrency... At 1155 GH/s, he has probably mined upwards of several dozen dollars worth of cryptocurrency this month. And an extra hundred dollars on his power bill, assuming it’s not included in his rent.

kerkeslager 9y ago
Brooklyn apartments this time of year are often poorly heated. If you're paying for the electricity to run a space heater, it might as well produce bitcoins.
- quickthrower2 9y ago
  Heat pumps are more efficient. A miner makes an inefficient heater.
  - Klathmon 9y ago
    And heat pumps are more expensive to buy and impossible for a tenant to install themselves in an apartment they rent from, which is why people use small portable and cheap resistive heaters. And in that case, a miner is just as efficent if not more efficient since it's making the user some money (maybe).
    - quickthrower2 9y ago
      First thing I found on Amazon US https://www.amazon.com/Honeywell-MM14CHCS-Portable-Conditioner-Dehumidifier/dp/B008UHXNKE/ref=sr_1_1?ie=UTF8&qid=1518993832&sr=8-1&keywords=portable+heat+pump&dpID=31H9cYmpdpL&preST=_SY300_QL70_&dpSrc=srch https://www.amazon.com/Honeywell-MM14CHCS-Portable-Condition... Portable heat pump + air con. I've had something like this before, typically comes with something to slot/seal up into a gap from leaving the window open. Can be moved between rentals.
  - kerkeslager 9y ago
    Efficient in what units? Heat pumps are more efficient in BTUs/kWh, but I doubt you've done the pricing to say they're more efficient in BTUs/dollar, because that's fairly complicated.
    - quickthrower2 9y ago
      Sure, lets say $500 for a heat pump, $50 for a heater. Then what 'yield' are you getting on the $450. Let's say heat pump is 2x as efficient (should be understimate). Let's say that you run 2kw normal heater for 1 hr / day winter only for 3 months. That's 180kwh. @12c that's $21.6. So you save $10 a year. A 2.2% yield tax fee. So admittedly not great. OTOH a mining rig, well who knows that IS complicated. You might lose money, or spend a lot of time tweaking but break even.

kerkeslager 9y ago

Brooklyn apartments this time of year are often poorly heated. If you're paying for the electricity to run a space heater, it might as well produce bitcoins.

quickthrower2 9y ago
Heat pumps are more efficient. A miner makes an inefficient heater.
- Klathmon 9y ago
  And heat pumps are more expensive to buy and impossible for a tenant to install themselves in an apartment they rent from, which is why people use small portable and cheap resistive heaters. And in that case, a miner is just as efficent if not more efficient since it's making the user some money (maybe).
  - quickthrower2 9y ago
    First thing I found on Amazon US https://www.amazon.com/Honeywell-MM14CHCS-Portable-Conditioner-Dehumidifier/dp/B008UHXNKE/ref=sr_1_1?ie=UTF8&qid=1518993832&sr=8-1&keywords=portable+heat+pump&dpID=31H9cYmpdpL&preST=_SY300_QL70_&dpSrc=srch https://www.amazon.com/Honeywell-MM14CHCS-Portable-Condition... Portable heat pump + air con. I've had something like this before, typically comes with something to slot/seal up into a gap from leaving the window open. Can be moved between rentals.
- kerkeslager 9y ago
  Efficient in what units? Heat pumps are more efficient in BTUs/kWh, but I doubt you've done the pricing to say they're more efficient in BTUs/dollar, because that's fairly complicated.
  - quickthrower2 9y ago
    Sure, lets say $500 for a heat pump, $50 for a heater. Then what 'yield' are you getting on the $450. Let's say heat pump is 2x as efficient (should be understimate). Let's say that you run 2kw normal heater for 1 hr / day winter only for 3 months. That's 180kwh. @12c that's $21.6. So you save $10 a year. A 2.2% yield tax fee. So admittedly not great. OTOH a mining rig, well who knows that IS complicated. You might lose money, or spend a lot of time tweaking but break even.