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Question: What's a better use of Electric?
Mining Bitcoins! - 7 (33.3%)
Growing Weed! - 1 (4.8%)
Both! - 13 (61.9%)
Total Voters: 21

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Author Topic: What's a better use of Electric?  (Read 1206 times)
snoopytime
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June 08, 2011, 08:37:12 AM
 #1

They are both strikingly similar, even though they sound totally different. In essence you burning electric and generating heat to produce a commodity, you never have to leave the house, and one way or another down the line you are involved with some kind of shady\grey area at the very least.

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MrGaSp
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June 08, 2011, 08:38:07 AM
 #2

Growing weed isn't a gray area... oO

snoopytime
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June 08, 2011, 08:39:41 AM
 #3

well by weed I mean medical mari-hu-ha of course Wink

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MCWey8
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June 08, 2011, 08:41:55 AM
 #4

With a licence to grow medical the profit margin on marijuana is WAY higher.

With the cost of growing and price of selling pretty much locked in the past 10 years you don't really have much risk.

Well unless its legalized Tongue
snoopytime
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June 08, 2011, 08:48:02 AM
 #5

True man, *but* . . if you hoard the BTC and sit on them and they go realll high, it could beat ganja imo

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bcpokey
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June 08, 2011, 08:48:35 AM
 #6

Marijuana is still a federally controlled substance regardless of state law. And federal pound me in the ass prisons are not fun places to go either Sad
d.james
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June 08, 2011, 08:49:08 AM
 #7

F@H

You can not roll a BitCoin, but you can rollback some. Cheesy
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snoopytime
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June 08, 2011, 08:52:01 AM
 #8

Marijuana is still a federally controlled substance regardless of state law. And federal pound me in the ass prisons are not fun places to go either Sad

Troo Pokes, *but* they don't prosecute on 99 plants or less. They are mostly hitting dispensaries for the last year plus.  Since you can grow 2 to 4 ound plants, you can harvest a pretty good pile off of a single digit number of plants. You just gotta sit on your indoor from like haloween til st. patricks day til the outdoor flood subsides.

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bcpokey
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June 08, 2011, 08:58:12 AM
 #9

Marijuana is still a federally controlled substance regardless of state law. And federal pound me in the ass prisons are not fun places to go either Sad

Troo Pokes, *but* they don't prosecute on 99 plants or less. They are mostly hitting dispensaries for the last year plus.  Since you can grow 2 to 4 ound plants, you can harvest a pretty good pile off of a single digit number of plants. You just gotta sit on your indoor from like haloween til st. patricks day til the outdoor flood subsides.

I'm a bit lacking on weed-math, so perhaps you'll bare with me. You're saying you can grow 99 x 3 pound (split the diff) marijuana plants? Is that 3 pounds per month? week? year?

If so, even per year that's not too shabby. Combine the two hobbies, bitcoin and the sticky stuff and you can make yourself a tidy little profit.
snoopytime
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June 08, 2011, 09:07:10 AM
 #10

Yeah theoretically you could grow 99 3pound (dry bud) plants every 2 months. You would need something in the order of 120 x 1,000 watt lights with ballasts and hood, a frikkin huge ass chiller, giant reservoirs, and some serious help at harvest time for trimming. But there are people rockin big grows, usually collectives that also own dispensaries. I know a guy rockin 36,000 watts, and I know a hydro shop guy round these parts that sold 160,000 watts of lighting and 220,000 watts of lighting to 2 dispensary grows.  In 2006, its estimated conservatively that California grew 8.6 MILLION pounds of weed. 2006 was like the probably January 2011 of BTC.

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snoopytime
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June 08, 2011, 09:11:37 AM
 #11

so in other words, 99x 3 = 297 pounds x $2k a pound = $594,000 x 6 grows a year = $3564000 a year = 3.5x more than allegedly Tycho is making at the moment, but he doesnt have to trim lol, and he doesnt have to steal electric

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Tukotih
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June 08, 2011, 10:50:09 AM
 #12

Well, I will start growing weed soon.
Just to be able to relax and 'chill while my lovely GPU's find blocks and BTC rates explode Wink

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Goldenmaw
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June 08, 2011, 11:11:19 AM
 #13

No doubt weed is far more cost efficiency if you can keep it moving, but mining has that wonderful perk of being something you could potentially explain to the confused sergeant who kicks down you door expecting a massive weed farm in your tiny apartment.

Unless they criminalize Bitcoins, of course. 
snoopytime
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June 08, 2011, 06:06:18 PM
 #14

Haha thats right u guys, have a good day!

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