Bitcoin Forum
May 05, 2024, 09:24:56 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Alternate cryptocurrencies / Mining (Altcoins) / I live in a dorm so electricity is a flat fee. How can I take advantage of this? on: April 18, 2021, 09:22:03 AM
Hey y'all, I'm new to this forum so if I break any social norms, my bad. As it stands right now I have a RTX 3080 and a RX 470 (8gb) mining away on nicehash for me. Since I don't have to pay extra for electricity, I'm making $10- $12 a day right now.
Mining pays for everything I do, and up until some recent expenses, I literally have not had to worry about money or work since it is paying for all of my expenses.
I want to take this a bit further but I'm held back by a few things, any suggestions on how I can get around these issues or just other ways I can take advantage of my situation would be appreciated.

Issue #1 : Asics aren't an option. They're far to loud, and even when I get around the noise issues, they won't connect to my dorm's internet since I can't actually login to the dorm internet portal on them.

Issue #2: Hardware cost. As it stands right now, it will cost me a crazy high investment to get some good hardware. I was lucky to pick up 2 470s (one now broken) back in november before BTC started to really take off, however now getting a $150 gpu that can mine is out of the question.
It also doesn't help that the 3080 + 470 are pretty much maxing out my Power supply, so any GPU investment would also have to include some of that baseline hardware. These issues aren't as major though, I have some money so I can work around this if need be.

Issue #3: I move out in one year from dorms. Unless I start making crazy amounts of money, I intend on moving out in May 2022. This gives me roughly one year, before all the hardware has to be flipped.
So profits would have to be (money from mining + money from selling the hardware) - money spent on hardware. I can work around this a little bit, as I have friends who are staying in dorms till as far as 2024, who probably wouldn't mind having a mining rig in their living room, if I slid some money
their way.

Notes-
-Dorms here have a living room, + 4 bedrooms that are private. It's pretty spacious so Noise isn't an issue.
- Power consumption isn't an issue. I have spoken to housing about this, and essentially they've told me that until they don't have any offical policy about how much power I can use, so I'm free to do whatever I want.
- Since we have living rooms heat isn't an issue. I was flipping pc's for a little while and had 3 pc's running at 100% with no noticable heat difference.

Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!