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I just got my electric bill yesterday, and it was more than I was expecting.
Granted I know running the Rigs, + Home AC never turning off due to the Rigs, was going to up my usage.
When I divided out my bill by KWHs it came out to about 9 cents / KWH.
Originally when I did the math earlier in the year it was only 7 cents / KWH.
I went to my local electric company's website and found they have semi annual billing rates.
They have a summer rate which is 8.5 Cents / KWH + taxes and fees,  Then they have a winter rate which is 5.8 cents / KWH.
Luckily winter rates start Oct 1st for me.
Great knowing things are about to get more profitable.
Just a reminder to check your bills and make sure your rates aren't changing, as this kind of caught me off guard.

noone should be mining right now. You are almost all mining at a loss with no granted profit.

yeah totally dude  ::)

so what are miners suppose to do?

Long time miners have always know about summer vs winter rates, its typical

your sumner rates are actually not bad.  I pay .08 in winter and .13 to .15 in summer
I twns to shut down in the summer.   


Next summer i go solar so i can keep mining

Show me a retard who constantly makes extreme generalized statements, and I'll show you a piskeante.

 ;D ;D ;D

The rates are pretty fair and its normal for the Summer rate to be higher than the Winter rate.

In the Summer they want to penalise the people who need to use air conditioners since its drives up the demand in areas of low supply. And in the Winter, depending where you live, your rate might be capped since people need to use space heaters to keep warm in the winter.

This isn't mining advice.

This is life advice.

I checked my rates long before I ever started mining.

Welcome to life.

That's a wise decision over there.
Mining is not bad at all especially if you're not paying electricity bill at the end of the month.
You just have to shell out money at the start, but, that's a very good investment there.
Solar panels can be used within your lifetime.

Actually, why wait until summer to go solar?

The sun comes out all year round and even if there is less sun, it is still always profitable to have solar. But like what the OP of this thread pointed out, make sure you do the proper calculations and have a backup plan. You can't setup a solar farm only to end up without something to mine next year. The power generated by your panels would be useless if unused (some governments don't allow you to sell back to the grid).

He says something right but on the other hand, what will blockchains do to mine the transactions on it? Lol, everyone knows mining is a big risk. If you entered the scene with a good mindset, you'll see that there are really a lot of things to consider before going onto mining.

Anyone that is not using Solar to turn Sunshine into money is C-R-A-Z-Y.  ; ;)


Ask yourself the next time you open that $500+ electric bill: "How many solar panels would this have bought?"

Chris B.

Yup going solar soon as well. Even without mining my house with two households uses a lot of power. So its a win win really. Now to just use the heat to reduce the heating bill in the winder and I am golden.

I don’t see it as mining at a loss, I look at it as investing in the future.  You don’t stop contributing to your 401k at work just because the stock market is down.

I would man but i have a few issues:

- I have an insurance claim on my roof, so theres no point to installing solar and then having to take it down to get the new shingles on.
-I want to install the panels my self , I got a qout from alibaba for 100 300 watt panels for $10k and that included everything like the connectors an inverters but now with the tarrif bull shit its up to $13k

This is true, but the big thing around here is that (depending on your circumstances), it may be more cost effective to buy coins from an exchange as opposed to mining.  Depending on your electricity cost, you may end up better off using the money you spend on electricity to buy the coins that you want.  That's just something that you have to calculate yourself.

25% tariff will be a blast, finally US residents will feel how to be ****** by its own government. RX 580 which was $250 now will be $300. Mid card gpus in the usa will start at $300 hehe, used to be $150, gold age done for.

RTX 2080ti founders edition from $1299 to $1699 hehe

Good time to start offloading older gpu's then  ;D

um tarrifs don’t afect amd and nvidia bro, they only affect chinese companies, its like apple they got an exmeption even though all thier phones are made in china , but they are North america compaines so no tarrifs get applied.

 https://www.google.com/amp/amp.timeinc.net/fortune/2018/09/17/trumps-china-tariffs-wont-affect-apples-watch-airpods-products

now trump is a psycho and could back slide but i think the bigger danger is china impoaing some sort. of tax to punish us buyers and pressure trump

us buys 500 billion worh of goods a year from china , that excludes manufacturing stuff like tvs, iphones, gpus vr gear etc.

China only buys like $120 billion from us , so in the long run tarrifs hurt them more.  They will have to come to the table by mid 2019.

Thats when Ill buy my solar array

Tariffs affect everything made in China.  Yes, AMD and NVidia are US companies.  The cards built with their products are built in China.  The GPU chips are mad in Taiwan or China.  The rest of the components are made in China.  If you're in USA, tariff applies to you.  And me.

How much more will you pay in electricity between now and mid 2019 ? ? ?

God has told us that China will be put in place and the tarrifs is probably the way it will happen!
We all pay the price for it right now but it's all part of His divane plan !!!
(Just check Greg Hunter with guest Mark Taylor on Youtube 23 sept 2018)

How about cloudsourcing(crowdsourcing with asian pronaunceAsian ;) ) with other guys in the forum or other forums to buy in bulk.

Pushing prices down or/and perhaps it's possible to buy via some middleman with some other customs-/tax code like for test samples or something like that ? ? ?

I don't no, just brainstorming !!!

Good luck with your off grid projects!

First the tariffs hurts US consumers who have no domestically produced alternatives to choose from.
The reduced consumption will hurt US retailers before they hurt Chinese producers.

I's a comical misconception that China will pay the tariffs to the US government :D
See it as a 25% sales tax instead...

Grey importing Chinese goods trough Taiwan, or even Europe?

Well if it hurts producers then thats good , a single suply chsin partner is bad buisness in the long run, india and southern africa has some skilled labor , how about they diversify thier supply chains so thst china doesn’t carry such a big stick when it comes to manufacturing.  Yeah it could take 10 years but well worth it in the long run.

personally if producers of stuff like gpus and solar panels try to pass up thier tarrif costs to me ill just buy from locally made brands or buy used gear with no tarrif footprint.

Im not a fan of trump but im even lesss a fan of the chinese dominace of the tech sector from a production stantpoint.

case in point 90 percent of asics are made there

I work for myself and what I do is a physically demanding job and what I see is the problems is Americans are lazy now people don't even want to get off their ass to grocery shop now plus everyone wants to make $100 a hr and sit on theirs ass to do it with the best benefits and 200 days paid off shit is out of control we don't produce anymore cause no one wants to work thats the problem its not China or Vietnam, I can't even find a 18 yr old kid that want's to do anything besides plant their face into a cell phone or ps4

Host with us if you want to utilize cheap power rates.

americans actually work more than other first world countries , more hours etc

He's just old, tired, and out of shape, thinking that this is America in the hardcore industrial revolution days again.  I'm 34 years old.  When I was a teenager, I had plenty of physically demanding jobs that I was paid shit for, but I was also planting my face in the screen of a commodore 64 at age 12.  At age 14/15/16/17 it was the screen of a WIN95, WIN98, LINUX computer.  Or planting my face inside of one looking at the hardware.  By the age of 18, I didn't need a physically demanding job.  There were plenty of information technology jobs that paid well enough.  Some of those jobs were hauling around pc's and crt monitors and setting them up for client's (which was a bit physical), and that was crappy, but it was a start.  Between formal continuing education and self taught education as a teenager, I have been very successful in the information technology industry (planting my face into a screen) over the past 14 years.  There is a huge difference between planting yourself into the screen of angry birds and planting yourself into a screen that contains the knowledge that will help you build a better future.  You don't have to move thousands of pounds of rocks around to be successful.

Everyone shops for grocery's unless they don't eat or only eat out.  Most people don't make 100$/hour or even close to it.  And no one gets 200/365 vacation days per year.  I feel lucky to have 4 weeks of paid time off per year.



 

extremely generalized??? you are sooooo dumb and retarded. Continue mining at loss, and get REKT. The best thing about it, is that only you consider mining as profitable right now. So you are actually extremelly stupid.

Exactly , if you are doing a physically demanding back breaking job that is because you CHOSE that path.  Most of us don't need to do work like that because this is America not some 3rd world country there are wide range of jobs, be it construction, architecture , and tech sector jobs for all comers.

I agree , there is a huge shortage of workers for IT jobs like web design, mobile app design and even SKILLED manufacturing techs who can handle robot operating systems and make sure , Americans are not Lazy , we just work smarter and are general such a well educated work force  becase the country is tech driven so you have to be adaptable.

Check the stats , Americans get two weeks of vacation on average vs a month in other developed countries, way less time off so we actually are a more productive work force overall and we get paid shit for all that extra productivity unless you are management/CEO level.

Thats why we are into crypto since it is an alternative to the top heaving work system we have now.

Web design is pussy shit.  Learn how to secure a fucking network.

 :D :D

As for tariffs hurting China more than us? Tell that to Ford. The tariffs have cost them around a billion dollars and they're about to issue massive layoffs to US employees (general reply to the overall conversation, not directed at gotminer specifically).

I have 6kW worth of solar panels on the roof. On nice warm summer days I can mine basically for free for some hours a day. The perfect combo is having double the solar of what you need to mine with and find a good way to store the excess energy to use it during the night. Batteries are the most common solution for this. However I saw a very interesting documentary on storing excess energy with inertia. Very cool stuff.

In any case I have yet to just arrange something with my home automation so that my miners start/stop depending on the watts I produce. Just haven't had time to get to it.

Pretty much sums it up, you can go pretty deep but at the end there is at least SOME speculation (but on the most basic levels most of us use, this is perfect).

pussy shit? lol are u drunk ? network admin is the easiest job to outsource in all It , and you are always one socially engineered data breach away from a pink slip every month lol , I give u three years 😂 if that.

ford layoffs is because the make bad cars duh, even if its due to china , they buy more than us dummy, the only reason they can ACT like it doesn’t hurt them is those commies subsidize all thier industry, basically everything is
protected by the state , you can only do that for so long loosing hundreds of billions a year

Of course solar panels is great solution if you reside in own house. But what to do in city flats? Unfortunatelly mining profitability now is closer and closer to the electricity cost. Though in winter mining rig can produce some useful heat  :D

Mining in flats is more of a hobby, most apartments don’t even charge for heat so you are wasting a resource there.  I guess one benefit is drying your cloths with the heat, and saving on your electric there?

home owned mining you can have a decent sized farm and and get alot of benifit from solar since residential rates are high most places.  Also u can have a heat pump water heater tap off some of that heat and save power and also dry your clothes

You are talking about right things. But in fact it's very difficult to realize. Also payback of these technical solutions is too long espessially at current price levels of crypto.
Much more simpler to rent a rack in data center and don't worry about cooling, noise and safety

Yes if you can get a data center rack for a good price, That solution usually isgood for asics since they have low matinance, gpu rigs need too much babysitting imo.

I agree right now its a bad idea to do anything but crypto will go back up and at that time u might regret not investing in the future

Even 5.8 cents  very high price for 1KWH, especially now when the profit fell, be strong friends.

In Russia very big bills. Some of my friends finished with mining and start just trading. Who will be the next? Exit mining?

Cant deny on that yet i do have experience between Asics and GPU itself when it comes to maintenance then it do turns out that GPU do really needs more check-ups than on asic ones.
The difference is just on the price though and hash capacity and its usage when it comes to what kind of Coin would be mined. Reading above if you do have solar panels then it would always be
an advantage but the fact that those panels do not cost cheap and reaching ROI with your panel+ mining outcome will take forever. ;D

I'm usually drunk, but that wasn't me. Though based on your grammar, comments, and oh-so-engaging six year old level insult, I'm hoping you were when you wrote that.

https://bitcointalk.org/index.php?topic=2754939.msg46841705#msg46841705

No suprise there you sound like a perpetual drunk, I could give flying fuck about grammer on a forum idiot, you get the point which is all that matters , its typical with losers when they are stumped on an argument or debate they try to switch the subject , no ones buying what you’re selling , pussy shit lol.

Cool story, bro.

If you put the rigs in such a way that they heat some of the premises, you will win even more in the winter by paying bills. In winter, mining becomes more profitable due to savings on heating, which mining takes over.

That is true, in fact it seems from a hot summer, where I am located it is started to become very cold at nights especially but I sleep well with my little 1050 ti-s mining computer beast heater. Unfortunately I have a fixed electricity cost so I don't win anything like in some other countries where energy is cheaper during the night. Still I don't turn my AC on very often in winter with a miner running.

I always turn on my semi-nonprofitable rigs during the winter just for heating, and it's served me well, as where I live, the winters are relatively long and cold. Mining profitability may drop a bit during the winter as more people also mine with less profitable cards to heat their homes, but if you're running a few GPU rigs, it's easy to move them to certain rooms for heating. I've done this for a few years now, even with slightly louder BTC ASICs, but it's always worked out for me.

Don't wait solar works better when it's cold the only down side is less day light in the winter .

I'm solar and went solar so I can keep mining.  

same i mine an hold ... let them say wtf they want ,  so what if it doesn't come back, i enjoy it .

Marvell2 you seems cool but the tariffs are starting to hurt us more in the US and China won't be coming to any table in 2019 and ford is laying off worker because of the trump tariffs, ford has already said that's why . man you need to stop believing trump and fox news an if you watch main steam media news watch it with disbelief as well , watch progressive news were you get the full truth . an fact check it all.

gotminer it won't do any good to tell idiots trump tariffs are why Ford is cutting 20 k jobs they even said that 's why, Harley-Davidson is leaving because of trumps tariffs which are getting worse the debt is going up because of there tax scam 2017 now they want a to put out another tax scam 2.0, an SS or Medicare is not why like McConnell is saying, we were warned they were going to blamed SS and medicare an they are.