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Author Topic: Stolen Elecricity  (Read 673 times)
Monster Tent
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February 08, 2013, 09:25:15 AM
 #1

What percentage of the bitcoin network do you think comes from people siphoning off electricity ?

There has been quite a few people caught doing it here but I think its mainly related to the 40% rise in the cost of electricity due to the carbon tax.

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February 08, 2013, 09:39:56 AM
 #2

its mainly related to the 40% rise in the cost of electricity due to the carbon tax.

what  Huh
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February 08, 2013, 05:03:39 PM
 #3

its mainly related to the 40% rise in the cost of electricity due to the carbon tax.

what  Huh

Price rises, utility company is on the lookout for theft, they catch more people stealing power. Not that confusing.

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February 08, 2013, 05:58:15 PM
 #4

Invest in solar panels. That's free electricity. Why steal?
Luno
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February 08, 2013, 06:00:36 PM
 #5

Invest in solar panels. That's free electricity. Why steal?

Steal solar panels. Thats even freer!


 
 
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Parazyd
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February 08, 2013, 06:06:09 PM
 #6

One problem though... You can't mine at night  Grin
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February 08, 2013, 06:26:56 PM
 #7

One problem though... You can't mine at night  Grin

Though I joked about stealing solar panels, they won't work because of their payback time. When you have payed them off, in savings,  and start getting free electricity difficulty has risen and you have to invest in more mining gear and solar panels.

So instead of just having a payback time on your ASICS, you also have it on your power source, proportional power costs without money up front, from the wall, makes more sense!

So you have to steal solar panels to make them worth while.


 
 
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