6 ms·

> It would cost you significantly more in electricity than you would make in bitcoin. This is outdated advice from the GPU mining days. ASIC miners use very li

• xyzzy123 13y ago
  Technically, you're right; the electricity used over an ASIC miner's lifetime is very little. The OP has the right idea though, even though the reasoning is wrong. It actually comes down to whether your mining unit can cover its capital investment. If it weren't for the huge price increases, all the people who bought ASIC miners would be underwater right now. I have a 60GH/s BFL miner. It uses about 350W or so. The fans are LOUD. When I get home the room it's been running in is noticeably warmer. They don't generate as much BTC as one might think - just 0.04 / day at current difficulty and this is decreasing at a rapid clip (1 month ago or so it was 0.11 / day). As an aside, I've always wondered if one day all heating will be computational waste heat. You could almost give away ASICs (whether for mining or other purposes) to people in cold countries and subsidise their electricity when they run their heater...
  • brian_cloutier 13y ago
    > You could almost give away ASICs (whether for mining or other purposes) to people in cold countries and subsidise their electricity when they run their heater... In San Francisco this is already a reality: http://www.icebreaker-sf.com/3/post/2013/11/heat-the-icebreaker-with-your-mining-rig-cheapest-electricity-on-earth.html http://www.icebreaker-sf.com/3/post/2013/11/heat-the-icebrea...