Bitcoin Forum
September 27, 2024, 12:21:24 PM *
News: Latest Bitcoin Core release: 27.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Aren't miners living in cold climate mining for free?  (Read 117 times)
KoinManiac (OP)
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile
December 20, 2017, 12:49:50 PM
 #1

Hi folks,

I am about to start doing some mining with a few GPUs. Watched a bunch of youtube videos and I see miners plugging in the electricity cost in their little calculator and saying how much it eats their profit.

Now if you live in a cold climate (I live in New York), and you heat your house/apt with electricity, regulated by a thermostat, aren't you mining for free during the cold months? I mean, consider this:

- heat is the only form the energy spent by your mining rig can end up (don't think there is a chemical reaction anywhere)
- you have to heat your house/apt anyway
- unless your mining operation is very big, the generated heat is less than what you need to heat you house/apt

how come none of the miners are mentioning this?
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!