Bitcoin Forum

Other => Beginners & Help => Topic started by: gspiljar on May 05, 2013, 09:46:20 AM



Title: Mining with free electricity
Post by: gspiljar on May 05, 2013, 09:46:20 AM
offer doesnt stands anymore


Title: Re: Mining with free electricity
Post by: escrow.ms on May 05, 2013, 10:06:23 AM
okay what if you will go away with all money or hardware lol



Title: Re: Mining with free electricity
Post by: escrow.ms on May 05, 2013, 10:46:57 AM
Where do you live mate?


Title: Re: Mining with free electricity
Post by: alexanderroth80 on May 05, 2013, 10:57:13 AM
and what guarantees are there?


Title: Re: Mining with free electricity
Post by: Blazr on May 05, 2013, 11:01:43 AM
You do realize that all of these "rigs" are ridiculously useless at mining?

Mining doesn't use any RAM or HDD space, a rig with 1GB or 512GB RAM will mine at exactly the same speed (for BTC at least), and a DVDRW drive? Lulz.

What matters is the CPU/GPU's. I would also point out that mining BTC on CPU/GPU's is now completely pointless due to increased difficulty from ASIC's. Mining rigs are only good for mining altcoins now, ASIC's for BTC.


Title: Re: Mining with free electricity
Post by: DragonDNS on May 05, 2013, 11:05:19 AM
Sorry, but this sounds a bit fishy.


Title: Re: Mining with free electricity
Post by: nfuse on May 05, 2013, 11:08:41 AM
how is it possible you have free electricity ?


Title: Re: Mining with free electricity
Post by: nfuse on May 05, 2013, 11:09:40 AM
oh and if i do this can i control my own rig? so i can point it to the most profitable alt coin?


Title: Re: Mining with free electricity
Post by: Blazr on May 05, 2013, 11:12:11 AM
how is it possible you have free electricity ?

Free for him, maybe not free for his next door neighbour  ;D

Nah, some rental apartments come with all utilities included, so the landlord pays your electricity, thats until he gets hit with a crazy bill however, then you'll have to explain what BTC mining is to a judge.


Title: Re: Mining with free electricity
Post by: novem on May 05, 2013, 12:12:22 PM
Free electric is cool, but always try to keep in mind those who are paying for it, friend :)


Title: Re: Mining with free electricity
Post by: Collectrix on May 05, 2013, 12:21:03 PM
How do we have any proof of what you say is what is true?  Who are you?  What do you do?  Why should someone trust you with funds?


Title: Re: Mining with free electricity
Post by: KS on May 05, 2013, 01:26:40 PM
"Free" 15KW of electricity is about 30K USD if you DIY (not sure about the price in Croatia, just plug in the right amount ;). Then you need to factor in the sun expo, weather conditions and loss of panel efficiency over the avg lifespan of an installation (15/20 yrs?).

Say you're super lucky and everything is maxed out in your favor, the thing will cost you 125 USD per month (30K USD divided by (20 years x 12 Months x 100% efficiency)) and will let you power about ... 10PCs (4x 797OC + CPU etc is about 1300-1400W at the wall with 80+ Platinum PSU with 95% efficiency). Properly configured, you're looking at about 28GH/s. Cool.

Each computer will cost about 2 or 3K USD (quality components). Don't forget about the environment you're running the PC's in to max their lifespan (heat, humidity, power stability, etc), what about batteries, UPS, internet bandwidth, etc which will add to your costs.

Now, start playing with the numbers and see how low you can get before it becomes unprofitable and you'll know whether it makes sense to invest in this venture and how much your % should be to cover your costs (CAPEX/OPEX etc). It's a job ;)

Good luck.


Title: Re: Mining with free electricity
Post by: mr_gocs on May 05, 2013, 03:43:03 PM
I'm very interested in this idea. I'll keep watching.