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They also revealed they’d made more than $100,000 mining cryptocurrency during that stay alone, so don’t feel bad for them being forced to pay the $1,500 bill.

https://www.tomshardware.com/tech-industry/cryptomining/cryptominers-made-100000-dollars-from-mining-at-an-airbnb-for-three-weeks


If Mining is that profitable then I don't know what to say. 

If mining is still profitable as I just read in the article why don't they do it in their own apartment. They said they didn't mind paying the electricity bill since they made a lot of money, they could have as well stayed in their own apartment, saved money on paying for Airbnb and just mined their crypto. I think the only cost they would incurred is the electricity cost. Well as it seems, after paying taxes on the $100,000, which I assume they would their real profit may be around $75k. It is an assumption unless they would pay no tax on it. 

I have few thoughts after reading the news.
1. It mention computer, so they probably mine altcoin rather than mining Bitcoin.
2. Ratio of electricity paid by the property owner and estimated income by the guest isn't realistic. With https://whattomine.com (https://whattomine.com) and setting electricity cost to $0.01/kWh, there's no coin which have profit/revenue ratio close to 0.985.
3. Rather than creating specific rule "no crypto-mining" and "no electric vehicle charging", the owner should've put limit of acceptable electricity usage.

most lay people see something that looks like it is electronic and assume it is a computer. they have no idea any further than that. so i wouldn't trust the person who said they saw "computers" to know exactly what kind of computing devices they were.

obviously it's not realistic. i wouldn't even expect if you spent $1500 on electricity that you could even make $1500 back. not in the usa with a small setup of just 10 "computers" over a short time period.

when your name is on the power bill, you're ultimately liable for paying that bill.

when mining eth was godlike a 3000 watts rig could make 100 a day.
that would be 72 kwatts so say 20 cents a kwatt means 14.40 usd spent earned 100

so
    14.40 gets      100
  144.00 gets   1,000
1440.00 gets 10,000

thus I  think the 1500 in power earned at best 10,000

maybe 20,000 if it was 10 cent power cost during the best month for mining eth

feb or march 2021

Fair point, the included tiktok video doesn't show any of the CCTV footage either.


Which makes this news feels weird.


That's true, but i'm talking about rule set by owner, not who's paying the electricity bill.

There are a few odd things about this article:

1. They can make $100k in less than a month, but they do this to save on electricity, that's weird.

Honestly, I doubt they can make that much money in such a short period of time, if it was that profitable, they wouldn't worry about paying a relatively small electricity fee.

2. If they bring 10 computers with them, I think any owner would have questions about what these guys want to do there, and it's obvious that there will be cameras installed in the yards of such properties, which is very bad for the privacy of these guys. They themselves should be worried about advertising their activities too much in this way.


With this kind of income, they could buy a small house in a few months and not worry about rent, but it seems obvious to me that this is not the truth about their income, or maybe they are not engaged in mining but in something else...

1,500 we divide by 20 cents and get 7,500 kilowatts of electricity
7,500 divided by 21, we get 351 kilowatts per day or 14 kilowatts per hour.
I will say that the house has very good wiring if the renters could get that kind of power from ordinary outlets. In my house I did separate wiring to the garage so I could consume that kind of power

From what I read through your link if it's true I think many people would have forgotten cryptocurrency investment especially Bitcoin and concentrate on mining, because if they can realise hundred thousand dollars [$100,000] within two weeks that means mining is a lucrative business despite its electricity consumption..I'm thinking that the link is something bloggers did and is not real, I don't think mining of cryptocurrency base on the specification of the coin people are venturing into it again...but if that's truth I don't think the charge of one five dollars [$1,500] they ask them to pay is high

indeed! maybe that's why they are renting certain airbnbs rather than buying their own house because the wiring setup might be expensive. 14 kilowatts per hour is about 118 amps. A household circuit here in the usa is only rated for 15 amps. So they would need at least 8 dedicated circuits to pull it off. And make sure to unplug the refrigerator. :o

It's the same in Russia. A 15 amp circuit breaker is usually used for 1 round of wiring.  Houses and flats use ordinary household sockets for 15A or 220*15=3300 watts.  And that for safety such sockets should be with ceramic base. Sockets with higher power have industrial application, different design and are not used for household purposes.

I don't think mining is that profitable. I also read the article, and as far as I understand, the guests tried to use free electricity to mine whatever crypto they wanted. Luckily, it worked for him at first, but later, he had to pay a $1500 electricity bill. I don't think the homeowner knows how the guest was mining crypto well.

He probably tried solo mining with an ASIC miner and hit a block. Or maybe he tried solo mining in altcoins. Without solo mining, I cannot think of mining 100K in just three weeks. It's just pure gambling, and people can hit a block within an hour of starting mining.

If it was bitcoin, the profit would be much bigger, because the average reward for 1 block of bitcoin is 180000 dollars and more, which depends on commissions.
If it is a block of lightcoin, there is a reward of 400-500 dollars.
They needed to mine a lot of altcoins blocks in solo mining.

Make sense. Probably the miner did not tell the actual profit amount. Probably he mined a Bitcoin block and profited more than 180k but did not tell the exact amount. As you know, Bitcoin is not the most profitable coin to mine. So, it's also possible that the miner tried some new asics to mine Kaspa or ALPH which is profitable at this moment. But I don't know if these tokens can be mined through solo mining and what is the block reward. Nobody knows the exact story because the miner did not shared. The news portal should try to verify and collect more information. But it is what it is.

If we go back to the calculations and remember that about 7,500 kilowatts of electricity were used, you won't find altcoin asics with that kind of profit.
Solo mining for altcoins is not so profitable because of the low reward per block.

Choose any solo pools, but if you calculate the possible profit from the statistics of other miners, you will realise that the profit depends very much on luck.
https://miningpoolstats.stream/kaspa
https://miningpoolstats.stream/alephium

If so, then I cannot think of anything else where a miner can profit $100K from a short period without starting mining with many ASICs. I am not a miner, and I don't think I would be able to predict just how a miner could predict the possible scenario. So, I started to assume either the miner did not share the true story or the homeowner lied to the media.

I heard some hobby miners stopped mining since the halving because it's not profitable anymore. The only way to continue mining is if someone wants to hold their block reward for a while to sell it at a better price. I don't think everyone can do that.

I am a miner, and I will tell you that I would not rent someone else's house for the purpose of mining cryptocurrencies on asics.
I don't know what kind of wiring is there and it could end up in a fire and big losses for everyone.
In the beginning the miner does the wiring and protection and with many asics it is very difficult to be in the same house because of the noise and it is dangerous to leave the house. The socket can be of poor quality and can catch fire from overheat.

This is just a bluff no proof that they mine in 10 computers and earn $100k in 3 weeks seems Ashley recorded a TikTok video she doesn't seem to know about crypto.
Unless the 10 computers they talking about are the new ASIC unit called AL1 ALPH Miner that just released last July because that's the only ASIC miner nearly that can reach that profit and consumes $1500 power for around 0.08 cents Electricity rate.

This unit still makes a huge profit until now even though the profitability slowly dropped but the coins it mines keep rising. What do you think?

i didn't know there was something like that that could make that much profit but it seems doable. but the power requirement would be 35 kilowatts. i doubt that lady's house could handle that type of situation. so that's out of the picture.

it is simply not true.

10 pc's with 2x 3090 ti 's  could earn 400 a day at peak eth.

it says 10 pc's

400 a day for 21 days = 8400

they would burn 3528 kwatts in 3 weeks at 40 cent cost California  you would get to you 1500 buck bill, but earn just 8400.


The best mining possible I can think of was mining doge with L3's  in summer 2020 doge was 2/10 of a cent

10 L3 units would earn a good amount of doge in 21 days then hodl the doge til it went to 70 cents and you may have done it.


but it was really the held doge that went from 0.002 to 0.700 not the mining

The unit that I mentioned according to ASICminerValue that's the new miner coming from Bitmain and the coins that they mine are gradually rising while the difficulty increases but still, it's profitable and you can't imagine it is more profitable than Kaspa you can check the unit from the link below I'm sure the 10pc's they mention are this miner.

- https://www.asicminervalue.com/miners/bitmain/antminer-al1-156th

$30,000 is alot to pay for a miner. and it doesn't even mine bitcoin. i wonder how long it will stay "profitable". probably not very long at all once people start getting their hands on that miner. break even is about 3 months at best but i doubt it would ever break even. it either stops working before break even or the difficulty goes up so high that it becomes uneconomical to run anymore.

$30,000 is an insane price to pay to mine an altcoin. don't you think?  

I call b.s on this one, it is plain simple if they made a 100k profit in 3 weeks for a $1500 bill + rent which won't be anything near 5k but say the total cost was 10k so 90k profit or 30k per week, they would have rented that house for year, who would leave?

The lady is lying.

i paid 51k for 3 antminer L7 miners they made over 100k after power cost and are still making decent money

i would say you're very fortunate because if i paid that much for something i would be worried that it would stop working before i could even break even  :o i'm not sure what type of lifespan these type of hardware has but i guess how you treat it can affect that.

but paying $30k for a miner that can only mine 2 coins (blake3) is different i guess than what you did because your's mines using scrypt which alot of coins work with that. so you have more choices.

If I had equipment that could be paid off in 85 days, and with the manufacturer's price maybe in 2 months, why would anyone sell such asics?
This is another money making scheme where the asics manufacturer pampers the price of a coin, then sells asics with high payback.

Yeaaaa as an individual who mines for a living - this is just crap journalism. If they can show me the profits - I’ll rethink this but I’m willing to bet that it’s just not possible in the given time frame with residential power limitations…. As you have all said, 15A breakers (even at 208-240V) aren’t going to power enough hardware to generate that amount of BTC. kHeavyHash and Blake3 altcoin miners are the most profitable regarding electricity OUT/coins IN (in USD values) and even so - the Blake3 machine that could potentially do this isn’t shipping yet and costs a whopping 32K USD (so in reality - let’s just entertain that for a moment…. That would mean they had to mine nearly $500K USD to ROI and claim 100K of profit).

I do not doubt that there are people out there attempting this sort of thing - utilizing airBNB/motels for free electricity but like some of you have mentioned - the labor involved coupled with the risk due to variance in solo mining (as a sort of turn-key portable mining op would require for actual profitability) would make anyone with half a brain see that this is NOT feasible lol.

Not sure why someone went ahead to publish this - either those who did it were trying to impress someone and grossly exaggerated everything, they themselves utilize airBNB to rent their own properties and someone did something like this - this they are trying to indirectly give miners a bad name, or the third option - attention-craving / boredom perhaps?

Anyway - if anyone sees this headline and thinks “what a fantastic idea!” - think again. Attempting this is a monumental waste of time.

the simple fact of the matter is, it can't be paid off in 2 months, not even 3. every single day the income is going down. like right now the projected break even point is now about 117 days. it will keep getting longer. because the income keeps going down.

well yeah i mean, just a few days ago it said the profit per day was like $340 now it's $260. before it even ships i bet its down to $100.  :o

I'm going to go with things that probably didn't happen for a dollar.

Where is the video footage of them bringing out the computers?

The more asics are involved in mining, the less profit a miner will have per day and this will greatly affect the payback. Therefore, such ‘shovels’ are profitable to sell and not to mine independently. For shovels to better buy miners, it is desirable to raise the price of coins for mining before selling to the manufacturer of asics.

just think of them as house heaters. and any income you make on them is just unexpected bonus. that's probably a better way to look at those particular $30,000 blake3 miners. i doubt they ever reach break even.

don't forget too. you can't just plug them into a normal power outlet. not at all. you will need a dedicated circuit that can deliver 3500 watts continuously. you have to buy some type of power supply too which will probably cost thousands as well.

people really do get screwed with expensive shovels. i don't know what they are thinking... :o

I would recommend you look into the noise figures, so such asics will be poor heaters.
https://www.talkimg.com/images/2024/08/29/9Rh4o.jpeg (https://www.talkimg.com/image/9Rh4o)
https://www.asicminervalue.com/

The name Icerivers AL0 suggests that AL1,AL2... AL5 models are coming soon. Everything as it was on the Кaspa coin.

It's definitely fake
If we take the 10cents per kwh, that means 15 000 kwh, 21 days for 3 weeks so 700kwh, 10 machines, since the two blake asics are not available at the time for the story, even with the Kaspa best gear they would make 1/3 of it.
Now, what miners go through an airbnb with $80 k worth of miner and stay for just that?


And from the above number subtract the charging, the AC, the usage, maybe she is at 20cents per kwh, no way!

At 5k a day for 100$ in electricity you would simply host in datacenter!

yeah i forgot about the noise issue. but some of them aren't so bad. 35dB is not very loud is it?

I think it depends a lot on the number of asics.
When you have 1 or 2 video cards in your computer it is not so noisy, but when you are in a room where 50-100 of them are mining, it is very noisy.

yeah but it's not like 35 decibels plus 35 decibels = 70 decibels is it? i don't think that's how decibel scale works but not sure how exactly. but i'll take your word for it that 100 of them is "very noisy"  :D

If this were true, every one of us would have a mining rig set up. 1.5k electricity + 30k rig is a nice investment to get 100k every x weeks?

The story is probably 1500 spent on electricity made 100,000 tokens, worth 10k us?

I haven't measured the noise level of my video cards, but I can tell you that it's uncomfortable to be there for a long time with so many video cards because of the noise. I can sleep when there are 1-2 mining farms with 10-12 video cards nearby, but when there are 2-3 times more video cards, I usually take the mining farm to another room for repair or maintenance. But I think this is individual, those who work with headphones on large mining farms with ASICs will have a different opinion.