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Can it also cover the electricity used in mining?
by dan1234 14y ago
Can it also cover the electricity used in mining?
- SlipperySlope 14y agoSure: http://www.alloscomp.com/bitcoin/calculator http://www.alloscomp.com/bitcoin/calculator The problem for miners is paying off their mining equipment from the daily profit before that equipment is obsolete and can no longer make a daily profit given the cost of electricity.
- GhotiFish 14y agoOne thing to note about those calculations is that, if you're using electric heating, the energy you used to mine would of being used to heat your home. So it's not so much of a cost.
- TeMPOraL 14y agoProduct idea: electric heater that generates heat by mining bitcoins.