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Author Topic: Growing weed vs. Mining for BTC  (Read 2945 times)
momagic
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March 25, 2013, 02:12:47 PM
 #1

Which is better for energy consumption vs profit?

All these guys growing weeds for sale of the Blackmarket should just mine, no?

One is legal the other not.

Grow lights, pots+plants, plant food costs a lot probably the same as a diy mining rig.
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grantbdev
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March 25, 2013, 03:02:52 PM
 #2

Which is better for energy consumption vs profit?

All these guys growing weeds for sale of the Blackmarket should just mine, no?

One is legal the other not.

Grow lights, pots+plants, plant food costs a lot probably the same as a diy mining rig.

It would be funny to see which would end up getting you more BTC: selling weed on Silk Road vs. mining Bitcoins.

Don't use BIPS!
joulesbeef
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March 25, 2013, 03:06:58 PM
 #3

but you cant smoke bitcoin

mooo for rent
herzmeister
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March 25, 2013, 03:33:05 PM
 #4

can't we do both at once? we need glowing miners.  Smiley

https://localbitcoins.com/?ch=80k | BTC: 1LJvmd1iLi199eY7EVKtNQRW3LqZi8ZmmB
matt608
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March 25, 2013, 05:08:41 PM
 #5

but you cant smoke bitcoin

You could always set fire to your computer and inhale the fumes.

 Cheesy
GambitBTC
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March 25, 2013, 05:22:31 PM
 #6

Ya, growing weed is way more profitable if done properly lol.

Illegal? Yes, but indeed wayyyy more profitable.
momagic
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March 25, 2013, 07:06:15 PM
 #7

True say, but the risks are well, too risky. lol.
MysteryMiner
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March 25, 2013, 07:10:51 PM
 #8

Quote
Grow lights, pots+plants, plant food costs a lot probably the same as a diy mining rig.
In some areas you just need to plant the hemp, it will grow naturally.
Quote
It would be funny to see which would end up getting you more BTC: selling weed on Silk Road vs. mining Bitcoins.
Without weed Bitcoins would not be worth anything at all.
Quote
but you cant smoke bitcoin
Yes, You can smoke Bitcoin. My friends only got interested in bitcoins after I told that they can buy ganja with bitcoins. Before that they did not get the point of yet another internet payment system.
Quote
Ya, growing weed is way more profitable if done properly lol
If the Bitcoin price rises quicker than weed can be grown, the end result might be that mined bitcoins are worth more than grown and sold weed.

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farlack
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March 25, 2013, 09:00:26 PM
 #9

20 plants 1st harvest = $10k
Total year profit =  $30k

Considering you have the setup, and solar panels.

 
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GambitBTC
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March 25, 2013, 10:45:16 PM
 #10

If the Bitcoin price rises quicker than weed can be grown, the end result might be that mined bitcoins are worth more than grown and sold weed.
[/quote]

If your one of the first ASIC miners maybe.
tkbx
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March 26, 2013, 12:43:34 AM
 #11

Which is better for energy consumption vs profit?

All these guys growing weeds for sale of the Blackmarket should just mine, no?

One is legal the other not.

Grow lights, pots+plants, plant food costs a lot probably the same as a diy mining rig.

A plant can bring in anywhere from $500 to $4,000, depending on the species, quality, and size, according to various sources. A very lucky, expensive rig can bring in $7,000/year with the current difficulty. Add the power costs of Bitcoin mining being almost double that of an indoor grow op, and the evil, baby-murdering nature of the pot trade still brings a better profit than hashing data (as long as you've got at least two plants). It's practically a law of physics, if it's illegal (or immoral, in some cases), it's bound to bring in more money.
grue
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March 26, 2013, 12:46:49 AM
 #12

but you cant smoke bitcoin

You could always set fire to your computer and inhale the fumes.

 Cheesy
inhale those private keys

It is pitch black. You are likely to be eaten by a grue.

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01BTC10
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March 26, 2013, 12:47:37 AM
 #13

No doubt that growing weed is more profitable in most jurisdiction. Then you can sell the crop for BTC and hold.  Cool
Phinnaeus Gage
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March 26, 2013, 12:57:58 AM
 #14

Depends on the hash rate.

Pre-order today from Bogart Fatty Leaf, Inc., to be in queue for the next harvest.
01BTC10
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March 26, 2013, 01:18:49 AM
 #15

I don't want to do the complete math but I can tell you this :

Average indoor yield is between 0.5g to 1.5g per watt of lightning every 60 days depending on genetic, technique and experience. Usual lamp are 1000W high pressure sodium light.

Calculate initial investment cost, maintenance cost and market value. Highly profitable but comes with high stress level.

momagic
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March 26, 2013, 01:22:41 AM
 #16

I don't want to do the complete math but I can tell you this :

Average indoor yield is between 0.5g to 1.5g per watt of lightning every 60 days depending on genetic, technique and experience. Usual lamp are 1000W high pressure sodium light.

Calculate initial investment cost, maintenance cost and market value. Highly profitable but comes with high stress level.



bolded for truth
Phinnaeus Gage
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March 26, 2013, 01:26:24 AM
 #17

I don't want to do the complete math but I can tell you this :

Average indoor yield is between 0.5g to 1.5g per watt of lightning every 60 days depending on genetic, technique and experience. Usual lamp are 1000W high pressure sodium light.

Calculate initial investment cost, maintenance cost and market value. Highly profitable but comes with high stress level.


bolded for truth


How stressful is it for cultivating shrooms?
momagic
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March 26, 2013, 01:48:32 AM
 #18

I don't want to do the complete math but I can tell you this :

Average indoor yield is between 0.5g to 1.5g per watt of lightning every 60 days depending on genetic, technique and experience. Usual lamp are 1000W high pressure sodium light.

Calculate initial investment cost, maintenance cost and market value. Highly profitable but comes with high stress level.


bolded for truth


How stressful is it for cultivating shrooms?

I've never had the opportunity to actually have one even tough it was legal in the UK
GambitBTC
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March 26, 2013, 01:51:07 AM
 #19

I don't want to do the complete math but I can tell you this :

Average indoor yield is between 0.5g to 1.5g per watt of lightning every 60 days depending on genetic, technique and experience. Usual lamp are 1000W high pressure sodium light.

Calculate initial investment cost, maintenance cost and market value. Highly profitable but comes with high stress level.


bolded for truth


How stressful is it for cultivating shrooms?

I've never had the opportunity to actually have one even tough it was legal in the UK

Cultivating mush is harder, but faster.
MysteryMiner
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March 26, 2013, 10:04:48 AM
 #20

I have not checked hemp seed prices recently. Where I can get decent and cheap outdoor seeds, except darknet shops? I used the seeds from ganja purchased locally, but now the local market have shifted to synthetic cannabis like Spice that obviously have no seeds. It is very hard to find weed that have live seeds in it.

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