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Author Topic: Home mining for non-KYC Bitcoin  (Read 320 times)
NeuroticFish
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August 09, 2021, 08:48:51 AM
 #21

I'm  mining  bitcoin at home till now  and it's still profitable for me. To cover the cost of electricity I'm utilizing  the heat produced by ASICs to to heat my house and to calorify the  water for every day needs. This way I have no needs to pay for municipal heating and hot water supply (yeah, in my country those are still the municipal duty) .  Sure home mining put some duty on me on  support of the whole system including mining equipment, noise isolation, proper ASIC cooling etc. but if everything is done wisely it doesn’t take much time.

Impressive! But I hope that you can agree that people like you is a minority. One need certain knowledge (to make good use of that heat) and certain (very good) price for electricity to do this.
I didn't say that's unprofitable everywhere. I am aware that (few) people like you do exist.

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stompix
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August 09, 2021, 10:00:28 AM
 #22

Home mining...if you have a house and an empty garage to host your miners...3 walls away from your bedroom.
I found it funny that even in the video with the "sound isolation" the noise is simply too much for a person to stand there let alone even work in those conditions, and that's one miner! I can hear mines through the wall of the room in which they are hosted and I wouldn't stay there for more than 10 minutes but deal with that noise constantly! 70+ is above vacuum cleaners, work with that 8 hours a day!!!

I see zero reasons to buy a miner unless it's profit, go through all that trouble, pay the bills, spend a long time maintaining it and let's not forget the possible breakdown just to get "clean" coins. You're far better of buying a sixpack of beer, getting a homeless guy to do the KYC for you at a Batm at gas station, and get those bitcoins, even with the 5-7% fee ATMs charge.

Really?  I have never heard that before.  Do you know which countries have laws against people using their electricity at home for "commercial purpose(s)"?  I'm assuming this isn't against the law in the US given how many American Youtubers make videos about mining at home, and I've certainly never heard that you can't do what you want with your electricity.  That sounds insane.

Basically all the EU, but there is a thing between laws banning it and laws applying.
Nobody is going to bother you for one miner, even though a 2500kwh monthly bill is clearly above any average house consumption but nobody will seriously inquire this. And yeah, by definition what you're doing there is running a business and normally you should have a different contract for your business for everything, from power to garbage disposal to consent from all the neighbors if you run it in a block of flats.

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