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Not entirely worthless, given you’ve already sunk the cost they’d still be an effective space heater.
by TheSpiceIsLife 5y ago
Not entirely worthless, given you’ve already sunk the cost they’d still be an effective space heater.
- sbierwagen 5y ago"Sunk cost" is for money you've already spent! The sunk cost here is my existing forced-air electric heat, which is already installed in my house and already turns 1 watt of electricity into 1 watt of heat, or the other space heater I bought ten years ago and can easily put anywhere I need spot heating. If the goal is turn electricity into heat and nothing else, then I am already well supplied with ways to do that.
- rbanffy 5y agoSince there's very little mechanical work on a miner, it also turns one watt of electricity into one watt of heat. What it'll also do is generate a small amount of bitcoin to help you pay for the electricity. It's sunk cost if you already have a miner and need a room heater.
- thedougd 5y agoOr a heat pump that uses 1 watt of electricity to move 6 watts of heat into your house.
- TheSpiceIsLife 5y agoUnder ideal conditions. What the sales people neglect to tell you is their efficiency drops precipitously as the temperature approaches zero. Heat pumps are much more consistently efficient in their other configuration as an air conditioner.
- TheSpiceIsLife 5y agoYes, sorry, I should have written: you’d’ve. Assuming you had already bought the mining rig, it would continue to function as a heater regardless of legislative changes, and act as a redundant system to your existing heaters to boot.