4 ms·

Can a mass produced GPU profitably mine bitcoin if the electricity was "free" somehow?

latchkey 4y ago
If you mean "free" as in "stolen", yes. If you mean "free" as in "solar", then the amount of time to reach ROI would be so long that it wouldn't make much sense.
- Sohcahtoa82 4y ago
  The GPU would need to be stolen, too. You'd never reach ROI on a GPU.
  - deleted 4y ago
    [deleted]
  - ComputerGuru 4y ago
    It doesn't have to be stolen, it could have simply "fallen off the back of a truck." /s (This actually doesn't happen as much as it used to twenty years ago with step-by-step inventory checkins made possible w/ RFID chips and barcodes combined with mobile network connections).
- Kerrick 4y ago
  What about “free” as in “my solar array is large enough to produce $0 in electricity charges all winter, and the excess I sell back in summer/autumn/spring cannot be cashed out or used to cover my connection charges (and even if it could is sold at a pittance anyways)”? :)
  - latchkey 4y ago
    That's what I said, but wasn't clear enough to you. The hardware capex for mining BTC with GPUs would outweigh any 'free' power you have access to. You can't just focus on one aspect of this business in order to calculate your ROI.
  - deleted 4y ago
    [deleted]
  - Dylan16807 4y ago
    That pittance is more than what bitcoin mining would get you. It sounds like your scenario is more or less "free" power, but you're not going to truly profit; you bought too many solar panels and you're trying to mitigate the losses. (And maybe the overbuilding was on purpose, as insurance against grid trouble, but it still means a good chunk of money lost.)
- culi 4y ago
  > "free" as in "solar" What does this even mean? The average solar panel lasts 25 years and starts to degrade in efficiency before that. And then you have batteries which of course are also going to degrade and need to be replaced over time. Many countries are starting to get more serious about e-waste as well now that China has decided it won't take the world's trash any more so you might even have to occur a cost for getting rid of used panels as well. There's plenty of costs in solar energy, so what does "free" mean here? Are you trying to take into account the possibility of selling excess energy back to the grid?
  - viceroyalbean 4y ago
    Presumably the upfront cost for a solar panel, and then assuming 0 cost for electricity past that.
ugjka 4y ago
If electricity was free it would also be "free" for ASIC farms
MBCook 4y ago
Yes, but you’d still mine much faster with an ASIC.

If you mean "free" as in "stolen", yes. If you mean "free" as in "solar", then the amount of time to reach ROI would be so long that it wouldn't make much sense.

Sohcahtoa82 4y ago
The GPU would need to be stolen, too. You'd never reach ROI on a GPU.
- deleted 4y ago
  [deleted]
- ComputerGuru 4y ago
  It doesn't have to be stolen, it could have simply "fallen off the back of a truck." /s (This actually doesn't happen as much as it used to twenty years ago with step-by-step inventory checkins made possible w/ RFID chips and barcodes combined with mobile network connections).
Kerrick 4y ago
What about “free” as in “my solar array is large enough to produce $0 in electricity charges all winter, and the excess I sell back in summer/autumn/spring cannot be cashed out or used to cover my connection charges (and even if it could is sold at a pittance anyways)”? :)
- latchkey 4y ago
  That's what I said, but wasn't clear enough to you. The hardware capex for mining BTC with GPUs would outweigh any 'free' power you have access to. You can't just focus on one aspect of this business in order to calculate your ROI.
- deleted 4y ago
  [deleted]
- Dylan16807 4y ago
  That pittance is more than what bitcoin mining would get you. It sounds like your scenario is more or less "free" power, but you're not going to truly profit; you bought too many solar panels and you're trying to mitigate the losses. (And maybe the overbuilding was on purpose, as insurance against grid trouble, but it still means a good chunk of money lost.)
culi 4y ago
> "free" as in "solar" What does this even mean? The average solar panel lasts 25 years and starts to degrade in efficiency before that. And then you have batteries which of course are also going to degrade and need to be replaced over time. Many countries are starting to get more serious about e-waste as well now that China has decided it won't take the world's trash any more so you might even have to occur a cost for getting rid of used panels as well. There's plenty of costs in solar energy, so what does "free" mean here? Are you trying to take into account the possibility of selling excess energy back to the grid?
- viceroyalbean 4y ago
  Presumably the upfront cost for a solar panel, and then assuming 0 cost for electricity past that.

ugjka 4y ago

If electricity was free it would also be "free" for ASIC farms

MBCook 4y ago

Yes, but you’d still mine much faster with an ASIC.