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Title: Lowering the electricity bill by mining cryptocurrency Post by: Hydrogen on March 02, 2021, 04:52:41 PM Quote https://hackaday.com/wp-content/uploads/2021/02/crypto-mining-heater.jpg?w=800 Wherever you are in the world, the chances are that a large portion of your utility bill is for heating. This was certainly the case for [Christian Haschek], who realized he can use a cryptocurrency mining rig to offset some of his heating costs. [Christian]’s central ventilation and water heating is handled by a heat pump, which uses a lot of electricity, especially in the Austrian winter. When it draws in cool air, it first needs to heat it to the thermostat temperature before venting it to the house. Cryptocurrency mining rigs are also heavy electricity users, but they also produce a lot of heat, which can be used to preheat the air going to the heat pump. [Christian] had four older AMD R9 390 GPUs (equivalent to the Nvidia GeForce GTX 970) lying around, so he mounted them in a server case and piped the heat pump’s air intake through the case. At the time he did the tests, earnings from mining were enough to cover half of his heating bill, even after paying for the mining rig’s electricity. That is not taking into account the electricity savings from the preheated air. He only shows the results of one evening, where it dropped his electricity usage from around 500Wh to below 250Wh. We would like to see the long-term results, and it would be an interesting challenge to build a model to calculate the true costs or savings, taking into account all the factors. For instance, it could be possible to save costs even if the mining rig itself is running at a slight loss. Of course, this is not a new idea. A quick internet search yields several similar projects and even some commercial crypto mining space heaters. We do like the fact that [Christian] reused some hardware he already had and integrated it into his central heating rather than using it as a mobile unit. https://hackaday.com/2021/03/01/lowering-the-electricity-bill-by-mining-cryptocurrency/ .... Here's an interesting angle to the bitcoin power consumption debate. Utilizing mining rigs to generate heat to offset winter warming costs. To implement effectively requires DIY modification of ducting to mining rigs and may not be for everyone. On the surface it seems like something that could be effective to mitigate costs and electricity consumption of mining. Cold regions like iceland and russia are investing heavily in data centers using their cold climates to cool servers naturally without additional cost. Perhaps there is an opportunity for smaller miners in cold regions to do something similar via leveraging useful heat produced by mining rigs? Title: Re: Lowering the electricity bill by mining cryptocurrency Post by: Nhazwrath on March 02, 2021, 04:59:37 PM Canadian here.. I already do this. but its not so pretty as that. its hard to really judge my savings atm due to adding more gpus over the course of the winter. its also been mildish so far in my first minus 28C day atm I use 3 types of heating as well due to unpredictable WTH events. electric(hardly ever used but i have) Wood furnace main source its cheapest and oil furnace secondary source expensive but large reserve hardly use it. The gpus so far this winter seems that i have used about 1/3 less wood which translates to aprox 300 dollars in savings. too early to tell honestly.
Title: Re: Lowering the electricity bill by mining cryptocurrency Post by: TalkStar on March 02, 2021, 05:21:25 PM Here's an interesting angle to the bitcoin power consumption debate. Utilizing mining rigs to generate heat to offset winter warming costs. It may be applicable for winter centered countries but not for all. Countries like Canada, Iceland or Russia can take the advantage of mining rigs temperature but its not gonna work for Asian region. As far as i know maintaining mining farms in this region is comparatively expensive and they spend a big amount of money after temperature control. Even electricity cost is also higher there and most mining farms try all cooling technology for their equipment safety. To implement effectively requires DIY modification of ducting to mining rigs and may not be for everyone. On the surface it seems like something that could be effective to mitigate costs and electricity consumption of mining. Cold regions like iceland and russia are investing heavily in data centers using their cold climates to cool servers naturally without additional cost. Perhaps there is an opportunity for smaller miners in cold regions to do something similar via leveraging useful heat produced by mining rigs? Title: Re: Lowering the electricity bill by mining cryptocurrency Post by: aoluain on March 02, 2021, 07:21:20 PM This makes total sense to utilise mining's by product - Heat.
Mining inside the arctic circle requires less energy for cooling and the heat generated can offset the costs of heating other areas of a building. I think that a lot of data centres favour a temperate climate to the cost of heating and cooling isnt as great because the climate temperatures dont swing greatly, adverage 30°C swings from -5° to +25° Mining I recon would prefer constant cold climates. Title: Re: Lowering the electricity bill by mining cryptocurrency Post by: dothebeats on March 02, 2021, 07:32:32 PM If you have a large enough operation, perhaps you can do this. But oftentimes, mid to large-scale mining that produces much heat that can totally keep you comfortable during the winter are not really affixed to a residential or living space, and are mostly located on warehouses or data centers. The idea is great, but I think most miners prefer to separate their mining rigs from their homes since most residential spaces can only accommodate for a certain amount of electricity load. Then again, there are still those who are getting sweet deals from their energy provider that can do this that can take advantage of their miners during the harsh winter time.
Title: Re: Lowering the electricity bill by mining cryptocurrency Post by: Khaos77 on March 02, 2021, 11:10:35 PM Dude,
Heat Pumps or even those little heaters are more efficient at heating you home than the nonsense above. Don't waste your time with crypto mining, it is a waste of your time and energy. Only the rich actually make money off mining, the rest just waste their time. Title: Re: Lowering the electricity bill by mining cryptocurrency Post by: darkangel11 on March 02, 2021, 11:18:52 PM Dude, Heat Pumps or even those little heaters are more efficient at heating you home than the nonsense above. Don't waste your time with crypto mining, it is a waste of your time and energy. Only the rich actually make money off mining, the rest just waste their time. You're judging without reading. That guy in the article has a heat pump! He's using mining cards to preheat air that goes into the heat pump and make it draw less power. Title: Re: Lowering the electricity bill by mining cryptocurrency Post by: Lauren Smith on March 02, 2021, 11:42:32 PM Dude, Heat Pumps or even those little heaters are more efficient at heating you home than the nonsense above. Don't waste your time with crypto mining, it is a waste of your time and energy. Only the rich actually make money off mining, the rest just waste their time. You're judging without reading. That guy in the article has a heat pump! He's using mining cards to preheat air that goes into the heat pump and make it draw less power. "Only the rich actually make money off mining, the rest just waste their time." Noone should even listen to him. Listen to how he speaks, he is making claims as if they are well thought out and tested thoroughly. I bet a pretty penny he has never mined in his life. You do not need to be super rich to mine you can mine with a single computer. If you buy a very expensive GPU you can easily make $5+ a day and still play games with the same pc. Now picture buying 6 of those on all the time? It's just very risky and scary that's all. "Don't waste your time with crypto mining, it is a waste of your time and energy." I like to waste my time and energy xD "Heat Pumps or even those little heaters are more efficient at heating you home than the nonsense above." Who taught you about heat? Did you learn this at school? Wattages creates heat. Anything with high wattage gets hot. Have you even tried being in a room with miners in it? I bet you havent. I have stood in a room with 8 GPU units in it and it was pretty warm. During the summer or hotter days its boiling and you need to run a few aircoolers. Even 1 GPU can warm the area around you. Title: Re: Lowering the electricity bill by mining cryptocurrency Post by: uneng on March 02, 2021, 11:46:50 PM Interesting idea, but keeping your ASICs heat won't damage them faster?
I thought mining operation should work at low temperatures to not let the equipment temperature increase too much. If you keep the temperature higher on purpose to heat the house and water it will have consequences on your equipment it seems. Title: Re: Lowering the electricity bill by mining cryptocurrency Post by: Khaos77 on March 03, 2021, 01:14:30 AM Dude, Heat Pumps or even those little heaters are more efficient at heating you home than the nonsense above. Don't waste your time with crypto mining, it is a waste of your time and energy. Only the rich actually make money off mining, the rest just waste their time. You're judging without reading. That guy in the article has a heat pump! He's using mining cards to preheat air that goes into the heat pump and make it draw less power. "Only the rich actually make money off mining, the rest just waste their time." Noone should even listen to him. Listen to how he speaks, he is making claims as if they are well thought out and tested thoroughly. I bet a pretty penny he has never mined in his life. You do not need to be super rich to mine you can mine with a single computer. If you buy a very expensive GPU you can easily make $5+ a day and still play games with the same pc. Now picture buying 6 of those on all the time? It's just very risky and scary that's all. "Don't waste your time with crypto mining, it is a waste of your time and energy." I like to waste my time and energy xD "Heat Pumps or even those little heaters are more efficient at heating you home than the nonsense above." Who taught you about heat? Did you learn this at school? Wattages creates heat. Anything with high wattage gets hot. Have you even tried being in a room with miners in it? I bet you havent. I have stood in a room with 8 GPU units in it and it was pretty warm. During the summer or hotter days its boiling and you need to run a few aircoolers. Even 1 GPU can warm the area around you. OK, all people dumb enough to follow the above nonsense, be sure and post how much time and energy and money you wasted following the stupid ideas. But never say you were not warned. FYI: Get anyone home address , that claims you can make money PoW mining, so when you don't , you can drive to their house and kick their lying ass. ;) Title: Re: Lowering the electricity bill by mining cryptocurrency Post by: tbct_mt2 on March 03, 2021, 02:00:44 AM If you have a large enough operation, perhaps you can do this. But oftentimes, mid to large-scale mining that produces much heat that can totally keep you comfortable during the winter are not really affixed to a residential or living space, and are mostly located on warehouses or data centers. Heat from mining rigs with temperatures around 60 Celsius degree or higher can be reused. To keep the house or facilities a little bit warm in the winter as the article raised on or to be reused to generate electricity. It is not new if you know that waste incinerators generate very high temperature that can be reused.Though it is a great idea but is not realistic to apply in households. Operations of mining rigs contain many requirements, space, infrastructures, maintenance and safety for your house and family members. It might not be a matter if you run 1 or 2 rigs with 6 GPUs at home but for bigger amount, it can cause a pressure on your electricity chain. Quote The idea is great, but I think most miners prefer to separate their mining rigs from their homes since most residential spaces can only accommodate for a certain amount of electricity load. More safety, more free space at home, and better maintenance support from farm operators.Title: Re: Lowering the electricity bill by mining cryptocurrency Post by: ranochigo on March 03, 2021, 02:48:57 AM How would preheating the air to a heat pump reduce the electricity bills? GPUs are not very efficient at energy output as they are primarily designed for other purposes and a significant amount of energy are not wasted as heat. I don't doubt the mining profits covering parts of his bills but I can't seem to wrap my head around that point.
Anyhow, yeah nothing new. I've seen a few members using it for solomining during winter and someone rigging a huge radiator for it. Title: Re: Lowering the electricity bill by mining cryptocurrency Post by: amishmanish on March 03, 2021, 03:04:12 AM How would preheating the air to a heat pump reduce the electricity bills? The heat pump's heater has to work to heat incoming air up to the thermostat setting, say 25 deg before it automatically cuts off The incoming cold air can be near zero deg. If you preheat it using GPU heat, it will save the pump's heater some initial work from zero to say 6-7 deg celsius. This happens all the time in Thermal power plants where waste gases from furnace are redirected to a Air Preheater for raising temperature of air going into the furnace.Anyhow, yeah nothing new. I've seen a few members using it for solomining during winter and someone rigging a huge radiator for it. Yeah its not really new. Mild winter is easily handled in a 8ft x 8 ft room by a 4 GPU rig I run. I doubt its effectiveness in harsh winters but it does contribute in reducing the heating requirement.To OP, This is not really a good example for off-setting Electricity consumption of Bitcoin Mining anyway. Most Bitcoin miners are huge farms and not really home-installed GPU rigs. Those are generally mining Ethereum. I doubt that the huge farms do anything with their heat output except vent it out using industrial fans and radiators. Bitcoin's electricity expense is indeed an issue. Title: Re: Lowering the electricity bill by mining cryptocurrency Post by: Khaos77 on March 03, 2021, 03:15:15 AM Dude, Heat Pumps or even those little heaters are more efficient at heating you home than the nonsense above. Don't waste your time with crypto mining, it is a waste of your time and energy. Only the rich actually make money off mining, the rest just waste their time. You're a fking moron. No , You're a Fucking Moron. But feel free, spend a boatload of fiat on a inefficient heating setup that will never mine a single coin, be sure to post pics , and make false claims about how great PoW mining is for you. We look forward to your pics , and the final result of that stupid idea smacking you and your wallet around. Go ahead. :) FYI: Anyone actually serious about lowering electricity bills. Options 1: Modern Heat pump : https://www.uniqueheatingandcooling.com/blog/todays-heat-pumps-are-more-efficient-and-cost-effective-than-ever-before Quote even during a 32 degree- or technically freezing- day, pumps can produce enough heat to keep you very comfortable. Newer heat pump systems can take things a step further and pull warmth out of even sub-zero temperatures. No supplemental heating is required. Options 2: Solar Hot Water Heater: https://renewableenergysolar.net/solar-water-heaters-worth-investment/ Quote According to the U.S. Department of Energy, solar water heaters reduce monthly utility bills by 50 percent to 80 percent on average. Options 3: With savings like that, solar water heaters pay for themselves very quickly — usually within 5 to 10 years. LED Lighting https://www.energy.gov/energysaver/save-electricity-and-fuel/lighting-choices-save-you-money/led-lighting Quote Residential LEDs -- especially ENERGY STAR rated products -- use at least 75% less energy, and last 25 times longer, than incandescent lighting. Options 4: If you have access to wood on your propertyWood Stoves Options 5: Upgrade your Home's Insulation Quote The EPA estimates that the average homeowner can save 15% on heating and cooling costs (11% of total energy costs) by adding insulation in attics, crawl spaces, and basement rim joists. For most folks, that’s about $200 in savings per year. In colder parts of the country, like climate zones six and seven, savings increases up to 20%. Title: Re: Lowering the electricity bill by mining cryptocurrency Post by: ranochigo on March 03, 2021, 03:15:34 AM The heat pump's heater has to work to heat incoming air up to the thermostat setting, say 25 deg before it automatically cuts off The incoming cold air can be near zero deg. If you preheat it using GPU heat, it will save the pump's heater some initial work from zero to say 6-7 deg celsius. This happens all the time in Thermal power plants where waste gases from furnace are redirected to a Air Preheater for raising temperature of air going into the furnace. So I assume that somehow the GPU is more efficient than the heater at lower temperatures? If that is somehow the case, then it'll make more sense. The heater must be pretty bad given such a huge disparity can be offset by another supposedly less efficient device.To OP, This is not really a good example for off-setting Electricity consumption of Bitcoin Mining anyway. Most Bitcoin miners are huge farms and not really home-installed GPU rigs. Those are generally mining Ethereum. I doubt that the huge farms do anything with their heat output except vent it out using industrial fans and radiators. I'm 100% certain the miner isn't mining Bitcoin. I've seen quite a few of them mining using old Antminers though.Title: Re: Lowering the electricity bill by mining cryptocurrency Post by: semobo on March 03, 2021, 04:22:22 AM Its like double utilising the single energy source which is great idea but not much people out there to recognize this as saving, they consider this as expenses because they need to setup the rigs first and also need to make changes to utilise the heat produced from it.
Title: Re: Lowering the electricity bill by mining cryptocurrency Post by: famososMuertos on March 03, 2021, 05:07:52 AM Heat dissipation is easy for any user with basic knowledge, but thermal management it is something else and requires not only good intentions but investment.
There is a premise that says that if you are a good salesman, you can sell refrigerators to the Eskimos. This old saying wants to apply "reengineering" on the issue of mining. Title: Re: Lowering the electricity bill by mining cryptocurrency Post by: Sithara007 on March 03, 2021, 05:16:06 AM Despite technology advancing at such a fast pace, I am still not witnessing much progress in reducing the electricity consumption by the mining rigs. They still eat up a lot of electricity. For miners, in the long term electricity costs are more than their capital costs. Although electricity has become cheaper over the years, a lot of people take the electricity usage by Bitcoin mining rigs as an excuse to attack cryptocurrency.
Title: Re: Lowering the electricity bill by mining cryptocurrency Post by: Lorence.xD on March 03, 2021, 05:24:19 AM It could work if I want to get a mining rig but I am living in a tropical country where there is only two seasons: Sunny Season and Rainy Season. Sunny Season is when the everyone is out in the beach and the electricity spike is high and fires are prevalent so I wouldn't take chances. Rainy Seasons will be the time when floods will be devastating houses or if not floods, the rig might be destroyed because roof leaks will be a problem too and strong winds can pick up roofs.
Title: Re: Lowering the electricity bill by mining cryptocurrency Post by: panganib999 on March 03, 2021, 07:45:38 AM It could work if I want to get a mining rig but I am living in a tropical country where there is only two seasons: Sunny Season and Rainy Season. Sunny Season is when the everyone is out in the beach and the electricity spike is high and fires are prevalent so I wouldn't take chances. Rainy Seasons will be the time when floods will be devastating houses or if not floods, the rig might be destroyed because roof leaks will be a problem too and strong winds can pick up roofs. This was a good analysis of mining crypto yet I don't think that this would affect a more thing about our electricity. Mining bitcoind are required a lot of time and effort. We are living in a new century so most of the things are online or by using internets and electricity. I think mining bitcoin can't affect the electricity bill yet in the other hand, you can use cryptocurrency in order to pay for your electricity bills and as well as other bills in your households. Bitcoin is a big thing today, many people are mined it and starting also, I guess it is not too late to mine but you must put a lot of effort and time in order to earn good. Title: Re: Lowering the electricity bill by mining cryptocurrency Post by: zanezane on March 03, 2021, 09:43:27 AM This was a good analysis of mining crypto yet I don't think that this would affect a more thing about our electricity. Mining bitcoind are required a lot of time and effort. We are living in a new century so most of the things are online or by using internets and electricity. I think mining bitcoin can't affect the electricity bill yet in the other hand, you can use cryptocurrency in order to pay for your electricity bills and as well as other bills in your households. Bitcoin is a big thing today, many people are mined it and starting also, I guess it is not too late to mine but you must put a lot of effort and time in order to earn good. Electricity is expensive if your country uses coal and fossil fuels as a general source of electricity, the time and effort is exactly the reason why bitcoin consumes large amounts of electricity. The current rate of bitcoin mined in proportion to how much you are going to pay for your electricity is currently not enough AFAIK, and if you can pay the bill but you still have other expenses such as food and daily necessities and some fun money if you want to keep your social circle, putting a lot of effort and time in mining just to do good is an expensive endeavor.Title: Re: Lowering the electricity bill by mining cryptocurrency Post by: matjas on March 03, 2021, 11:41:57 AM It could work if I want to get a mining rig but I am living in a tropical country where there is only two seasons: Sunny Season and Rainy Season. Sunny Season is when the everyone is out in the beach and the electricity spike is high and fires are prevalent so I wouldn't take chances. Rainy Seasons will be the time when floods will be devastating houses or if not floods, the rig might be destroyed because roof leaks will be a problem too and strong winds can pick up roofs. This is a great solution for medium-small rigs. Bigger mining facilities could send the exccess heat back to the grid trough district heating to support water or space heating. Even if you live in tropical climate, you still need hot water. Title: Re: Lowering the electricity bill by mining cryptocurrency Post by: davis196 on March 03, 2021, 12:01:41 PM This is a great solution for medium-small rigs. Bigger mining facilities could send the exccess heat back to the grid trough district heating to support water or space heating. Even if you live in tropical climate, you still need hot water. Really?Are there any water heating facilities in countries,that have a tropical climate? ;D I don't think that mining rigs produce that much excess heat,so they could efficiently redistribute the heat for water and space heating.In theory,this sounds like a good idea,but in reality,the efficiency is really questionable. Title: Re: Lowering the electricity bill by mining cryptocurrency Post by: lifeforcepools on March 03, 2021, 01:46:47 PM This is unlikely to affect the price of electricity, at least in the US.
Title: Re: Lowering the electricity bill by mining cryptocurrency Post by: coolcoinz on March 03, 2021, 08:21:48 PM But feel free, spend a boatload of fiat on a inefficient heating setup that will never mine a single coin, be sure to post pics , and make false claims about how great PoW mining is for you. We look forward to your pics , and the final result of that stupid idea smacking you and your wallet around. Go ahead. :) FYI the purpose of the heat pump is not to mine coins but to heat your home and your water. I'll give you a nice example of how this could come in handy from my own recent experience. My friend has a house in one country, but moved to another before the pandemic and had trouble coming back for winter, so he decided to stay at his girlfriend's place for a few months. I got a call from him a few days back to check on the house and it appears he had a flood because it got so cold in there the pipes froze and burst (the temperatures went down to -20 this winter which is pretty rare. Last winter we maybe had -5 outside tops and his house was fine). So if he had a mining rig in there he'd be able to get some coins for free and keep the house warm. Title: Re: Lowering the electricity bill by mining cryptocurrency Post by: Lauren Smith on March 03, 2021, 11:43:49 PM But feel free, spend a boatload of fiat on a inefficient heating setup that will never mine a single coin, be sure to post pics , and make false claims about how great PoW mining is for you. We look forward to your pics , and the final result of that stupid idea smacking you and your wallet around. Go ahead. :) FYI the purpose of the heat pump is not to mine coins but to heat your home and your water. I'll give you a nice example of how this could come in handy from my own recent experience. My friend has a house in one country, but moved to another before the pandemic and had trouble coming back for winter, so he decided to stay at his girlfriend's place for a few months. I got a call from him a few days back to check on the house and it appears he had a flood because it got so cold in there the pipes froze and burst (the temperatures went down to -20 this winter which is pretty rare. Last winter we maybe had -5 outside tops and his house was fine). So if he had a mining rig in there he'd be able to get some coins for free and keep the house warm. He's a moron and has already been told so by 3 separate people. He clearly doesn't understand how wattage works. Anything that uses a lot of wattage will get hot it doesn't matter what it is. Lol he says you won't mine a single coin. Dude, Heat Pumps or even those little heaters are more efficient at heating you home than the nonsense above. Don't waste your time with crypto mining, it is a waste of your time and energy. Only the rich actually make money off mining, the rest just waste their time. You're a fking moron. No , You're a Fucking Moron. But feel free, spend a boatload of fiat on a inefficient heating setup that will never mine a single coin, be sure to post pics , and make false claims about how great PoW mining is for you. We look forward to your pics , and the final result of that stupid idea smacking you and your wallet around. Go ahead. :) FYI: Anyone actually serious about lowering electricity bills. Options 1: Modern Heat pump : https://www.uniqueheatingandcooling.com/blog/todays-heat-pumps-are-more-efficient-and-cost-effective-than-ever-before Quote even during a 32 degree- or technically freezing- day, pumps can produce enough heat to keep you very comfortable. Newer heat pump systems can take things a step further and pull warmth out of even sub-zero temperatures. No supplemental heating is required. Options 2: Solar Hot Water Heater: https://renewableenergysolar.net/solar-water-heaters-worth-investment/ Quote According to the U.S. Department of Energy, solar water heaters reduce monthly utility bills by 50 percent to 80 percent on average. Options 3: With savings like that, solar water heaters pay for themselves very quickly — usually within 5 to 10 years. LED Lighting https://www.energy.gov/energysaver/save-electricity-and-fuel/lighting-choices-save-you-money/led-lighting Quote Residential LEDs -- especially ENERGY STAR rated products -- use at least 75% less energy, and last 25 times longer, than incandescent lighting. Options 4: If you have access to wood on your propertyWood Stoves Options 5: Upgrade your Home's Insulation Quote The EPA estimates that the average homeowner can save 15% on heating and cooling costs (11% of total energy costs) by adding insulation in attics, crawl spaces, and basement rim joists. For most folks, that’s about $200 in savings per year. In colder parts of the country, like climate zones six and seven, savings increases up to 20%. You pretty much are though.... *grabs popcorn* "never mine a single coin" :D ;D Indeed never in a million years. Why do you want pics? You can see how much a miner makes looking at the pools. Apparently, according to you, they are not mining a single coin. Modern Heat pump - This doesn't mine coins or give any returns at all. Sorry, can't count it. You are missing the point completely. Solar Hot Water Heater - ROI is like 7 years. Try again. LED Lighting - They are way more effective than 75% try 400% or so, perhaps even more. It's also clean white light not yellow. This has nothing to do with mining you are way off track. ADD much? If you have access to wood on your property - Now you just being stupid. Do you know how much wood costs? Upgrade your Home's Insulation - This should be done to all houses anyway. Nothing that you have said means anything try again. Title: Re: Lowering the electricity bill by mining cryptocurrency Post by: Khaos77 on March 04, 2021, 03:27:03 AM But feel free, spend a boatload of fiat on a inefficient heating setup that will never mine a single coin, be sure to post pics , and make false claims about how great PoW mining is for you. We look forward to your pics , and the final result of that stupid idea smacking you and your wallet around. Go ahead. :) FYI the purpose of the heat pump is not to mine coins but to heat your home and your water. I'll give you a nice example of how this could come in handy from my own recent experience. My friend has a house in one country, but moved to another before the pandemic and had trouble coming back for winter, so he decided to stay at his girlfriend's place for a few months. I got a call from him a few days back to check on the house and it appears he had a flood because it got so cold in there the pipes froze and burst (the temperatures went down to -20 this winter which is pretty rare. Last winter we maybe had -5 outside tops and his house was fine). So if he had a mining rig in there he'd be able to get some coins for free and keep the house warm. Have you ever mined, I did in 2013. Even then , I made more money selling the mining equipment than I did from mining. So I can tell you from personal experience , you won't mine a single coin. But feel free and waste your money if you like, it just a shame that so many of you promote things that are just going to waste other people time and money. "never mine a single coin" :D ;D Indeed never in a million years. Why do you want pics? You can see how much a miner makes looking at the pools. Apparently, according to you, they are not mining a single coin. Modern Heat pump - This doesn't mine coins or give any returns at all. Sorry, can't count it. You are missing the point completely. Solar Hot Water Heater - ROI is like 7 years. Try again. LED Lighting - They are way more effective than 75% try 400% or so, perhaps even more. It's also clean white light not yellow. This has nothing to do with mining you are way off track. ADD much? If you have access to wood on your property - Now you just being stupid. Do you know how much wood costs? Upgrade your Home's Insulation - This should be done to all houses anyway. Nothing that you have said means anything try again. No Dumbo, You are missing the point, a Heat Pump is over 300% efficient as it not only burns electricity but also moves heat, your mining setup won't come close , and you won't mine a single coin. But hey, waste your money and do it yourself instead of tricking others into wasting their money. Dumbo, people with wood on their property can cut their own wood for FREE, https://www.youtube.com/watch?v=ercU5i6zVfk were you just hatched yesterday? * Side Note, people with property can plant Black Locust, which grow incredibly fast, is a nitrogen fixer, and is one of the best firewoods with a high BTU.* You're stupid, so of course nothing I said , makes sense to you, you don't have the mental abilities to understand reason. Keep telling people to waste money mining, do you sell the PoW mining crap is that why you want to trick people so badly. * Note : Anyone want to actually mine and earn a profit, if you can't afford a warehouse full of ASICS, you're wasting your time.* Which the majority of people can't. FYI: Anyone dumb enough to believe Lauren Smith, please post pics of your mining setup and how much fiat you wastes buying mining equipment, because that puts you in the debt hole , before the game even starts. * Note the trick to New ASICS , is the difficulty increases at such a rate within 1 year, they are nothing more than boat anchors.* * It is cheaper to just buy the coins, than it is to mine them. Part of the PoW scam. * But feel free if you just like wasting your fiat. FYI2: @Lauren Smith, Has anyone else realized that you were formally Lauda yet? ;) Title: Re: Lowering the electricity bill by mining cryptocurrency Post by: zanezane on March 04, 2021, 04:56:31 AM I don't think that mining rigs produce that much excess heat,so they could efficiently redistribute the heat for water and space heating.In theory,this sounds like a good idea,but in reality,the efficiency is really questionable. The excess heat from mining could be enough to heat up a small room, I remember there was a post about someone mining bitcoin in his room and he almost died because of heatstroke and had himself get a permanent brain damage? I would not discount it as theory but I believe that it can be practiced but there needs to be a lot of step needed so that you prevent inefficiency and dangers.Title: Re: Lowering the electricity bill by mining cryptocurrency Post by: Nhazwrath on March 04, 2021, 03:58:06 PM But feel free, spend a boatload of fiat on a inefficient heating setup that will never mine a single coin, be sure to post pics , and make false claims about how great PoW mining is for you. We look forward to your pics , and the final result of that stupid idea smacking you and your wallet around. Go ahead. :) FYI the purpose of the heat pump is not to mine coins but to heat your home and your water. I'll give you a nice example of how this could come in handy from my own recent experience. My friend has a house in one country, but moved to another before the pandemic and had trouble coming back for winter, so he decided to stay at his girlfriend's place for a few months. I got a call from him a few days back to check on the house and it appears he had a flood because it got so cold in there the pipes froze and burst (the temperatures went down to -20 this winter which is pretty rare. Last winter we maybe had -5 outside tops and his house was fine). So if he had a mining rig in there he'd be able to get some coins for free and keep the house warm. Have you ever mined, I did in 2013. Even then , I made more money selling the mining equipment than I did from mining. So I can tell you from personal experience , you won't mine a single coin. But feel free and waste your money if you like, it just a shame that so many of you promote things that are just going to waste other people time and money. "never mine a single coin" :D ;D Indeed never in a million years. Why do you want pics? You can see how much a miner makes looking at the pools. Apparently, according to you, they are not mining a single coin. Modern Heat pump - This doesn't mine coins or give any returns at all. Sorry, can't count it. You are missing the point completely. Solar Hot Water Heater - ROI is like 7 years. Try again. LED Lighting - They are way more effective than 75% try 400% or so, perhaps even more. It's also clean white light not yellow. This has nothing to do with mining you are way off track. ADD much? If you have access to wood on your property - Now you just being stupid. Do you know how much wood costs? Upgrade your Home's Insulation - This should be done to all houses anyway. Nothing that you have said means anything try again. No Dumbo, You are missing the point, a Heat Pump is over 300% efficient as it not only burns electricity but also moves heat, your mining setup won't come close , and you won't mine a single coin. But hey, waste your money and do it yourself instead of tricking others into wasting their money. Dumbo, people with wood on their property can cut their own wood for FREE, https://www.youtube.com/watch?v=ercU5i6zVfk were you just hatched yesterday? * Side Note, people with property can plant Black Locust, which grow incredibly fast, is a nitrogen fixer, and is one of the best firewoods with a high BTU.* You're stupid, so of course nothing I said , makes sense to you, you don't have the mental abilities to understand reason. Keep telling people to waste money mining, do you sell the PoW mining crap is that why you want to trick people so badly. * Note : Anyone want to actually mine and earn a profit, if you can't afford a warehouse full of ASICS, you're wasting your time.* Which the majority of people can't. FYI: Anyone dumb enough to believe Lauren Smith, please post pics of your mining setup and how much fiat you wastes buying mining equipment, because that puts you in the debt hole , before the game even starts. * Note the trick to New ASICS , is the difficulty increases at such a rate within 1 year, they are nothing more than boat anchors.* * It is cheaper to just buy the coins, than it is to mine them. Part of the PoW scam. * But feel free if you just like wasting your fiat. FYI2: @Lauren Smith, Has anyone else realized that you were formally Lauda yet? ;) as I mine 2 things in 2 locations... I can totally guarantee #1 i have saved money in heating costs. #2 ive made at least 900 dollars mining etherium this winter with 125 megahash across 1 xfx rx580(never ending problem card but got it cheap) 1 1060 1 2080 and 1 vega 64( 2 cards i owned 2 i bought for very reasonable rates both cards have already paid for themselves and while i am not investing more fiat money I am reinvesting the ETH for more equipment. so I am using Value investing thinking in equipment as of right now. I have lost zero money, gained at least 900 which is to be reinvested. at least 1/3 of my heating costs have been covered Plus 100% of my electric bill. how am i not doing well? how is this foolish? how am i not making money? cashing out once a week at about 80 dollars. (varies) and I don't care in the slightest about the fees since its effectively free from my perspective. Thats not even the asic bitcoin miner im also using. its pulled in over 600 dollars on a machine that was never intended to make money. it Also heats the area its in. Title: Re: Lowering the electricity bill by mining cryptocurrency Post by: coolcoinz on March 04, 2021, 06:49:02 PM Have you ever mined, I did in 2013. Even then , I made more money selling the mining equipment than I did from mining. So I can tell you from personal experience , you won't mine a single coin. But feel free and waste your money if you like, it just a shame that so many of you promote things that are just going to waste other people time and money. In this last post you've actually spoken for the idea of mining to heat your home, not against it. You said you made more money selling the equipment than mining, which means you made money mining and then again made money selling the equipment. Had you used some of the heat, you'd have made even more in the grand scheme of things. Holding mined coins would also make it even more profitable for you. Most miners made the mistake of selling right away to secure ROI. He's a moron and has already been told so by 3 separate people. He clearly doesn't understand how wattage works. Anything that uses a lot of wattage will get hot it doesn't matter what it is. Lol he says you won't mine a single coin. He sure is stubborn like a mule. :P Title: Re: Lowering the electricity bill by mining cryptocurrency Post by: Lucius on March 05, 2021, 11:53:01 AM Cold regions like iceland and russia are investing heavily in data centers using their cold climates to cool servers naturally without additional cost. Perhaps there is an opportunity for smaller miners in cold regions to do something similar via leveraging useful heat produced by mining rigs? People have been doing this for years, especially in Russia, which has very low winter temperatures and a far lower standard of living than, say, Iceland or Canada. Some have speculated that this type of mining and heating is not cost-effective on a personal level, but that it only makes sense on larger mining farms - but real-life examples show that this is not the case. It is quite logical that the thermal energy generated by the operation of such devices is used, and if the main source of energy that drives miners comes from renewable sources, then we have a win-win situation. Clean energy -> Mining profit -> Free thermal energy. You can see how it looks in practice at the following link -> Entire Russian Cottage Heated with Bitcoin Mining Machines (https://interestingengineering.com/entire-russian-cottage-heated-with-bitcoin-mining-machines) Title: Re: Lowering the electricity bill by mining cryptocurrency Post by: masterzino on March 05, 2021, 02:41:41 PM This is an interesting solution and heating energy usage, but I don't think it's applicable for small miners because of all the additional costs and work.
Still, if you own a rental building, you could do such a 'heating system' in the basement for fun and profit :D Title: Re: Lowering the electricity bill by mining cryptocurrency Post by: TangentC on March 05, 2021, 06:18:48 PM Lowering the electricity bill by mining cryptocurrency
Generating a % of heat using a miner instead of a heater should be an exactly equal amount on the bill. Using a 250 watt heater verses using 250 watts for mining should generate the exact same amount of heat. The only lowering comes in , if you earn a profit mining, and sell the coins. The real question is can a home PoW miner earn enough profit mining to cover the mining hardware purchase price or will buying mining equipment cause the person to lose money. So the person needs to calculate the cost of the miner hardware verses cost of the heater, for initial costs, and then calculate their profit margin from mining to see if it offsets their initial costs to see if it is worth it. If their are any home PoW miners here, they should post their mining equipment costs and electricity usage to help those on the fence decide. Also post what coins, they are mining, as IMO, if the top coins were still profitable to mine , more people would be doing it, no matter the season. Also is that mining hardware profitable for more than 1 season or will updated mining hardware be needed for the next season to be profitable. Title: Re: Lowering the electricity bill by mining cryptocurrency Post by: ene1980 on March 05, 2021, 08:24:37 PM Cold regions like iceland and russia are investing heavily in data centers using their cold climates to cool servers naturally without additional cost. Perhaps there is an opportunity for smaller miners in cold regions to do something similar via leveraging useful heat produced by mining rigs? This is not a new method the miners are using in cold climatic conditions as they are using the heat produced to warm the rooms and i have seen images about rigs that were heating the room and saving electricity during 2015 and i have even seen pictures of the rigs in this forum but i do not remember the thread and i have searched now and did not get them, if i find the thread i will post them here. |
