i am literally thinking about renting a cheaper apt to continue mining

[NobodyIsHome]

I had to move my rigs out of my home into a warehouse because of the heat and electricity.  Trying to pull 20kW of juice from a residential area will likely trigger some red flags.

Commercial rates are better (where I'm located at least) at the high end as you may get discounted rates for consistent draw... I think my calculated rate is around 0.08 USD/kWh.

I don't understand why a mining operation would care about triggering red flags based on energy usage.  You aren't doing anything illegal, unless you're trying to get away with tax evasion, which you should not be doing.

I've read stories of people being harassed by their utility companies for excessive use of a service line.  I don't know if that's something that happens where I live, and I do not wish to test this theory.

[1715195073]

1715195073

[ggbtctalk000]

I had to move my rigs out of my home into a warehouse because of the heat and electricity.  Trying to pull 20kW of juice from a residential area will likely trigger some red flags.

Commercial rates are better (where I'm located at least) at the high end as you may get discounted rates for consistent draw... I think my calculated rate is around 0.08 USD/kWh.

I don't understand why a mining operation would care about triggering red flags based on energy usage.  You aren't doing anything illegal, unless you're trying to get away with tax evasion, which you should not be doing.

I've read stories of people being harassed by their utility companies for excessive use of a service line.  I don't know if that's something that happens where I live, and I do not wish to test this theory.

the question is where and which utility.

[coins4commies]

I'm considering moving to Detroit to buy old houses at~20k USD on a first home mortgage, mine in an unfinished room while upgrading the rest of the home, then sell and move everything to the next.  It seems like the best way to take advantage of the current markets and Michigan already has cold winters with high heating costs so mining as a form of heat is a plus. 

[gotminer]

I'm considering moving to Detroit to buy old houses at~20k USD on a first home mortgage, mine in an unfinished room while upgrading the rest of the home, then sell and move everything to the next.  It seems like the best way to take advantage of the current markets and Michigan already has cold winters with high heating costs so mining as a form of heat is a plus. 

Make sure you install steel bars on all of the windows of those old houses in Detroit. 

[philipma1957]

I'm considering moving to Detroit to buy old houses at~20k USD on a first home mortgage, mine in an unfinished room while upgrading the rest of the home, then sell and move everything to the next.  It seems like the best way to take advantage of the current markets and Michigan already has cold winters with high heating costs so mining as a form of heat is a plus. 

What would power cost in Detroit?

12 - 14 cents?

[ggbtctalk000]

that might be a plausible plan, detroit is a dilapidated city with people fleeing, city official should expect the new ventures with open arm. Saying that, wonder which part of the detroit is relatively safe that thieves wont break into house and steal everything.  I'd consider to do that too. But if you have to account into the fact how good the internet service out there. 

[ggbtctalk000]

i am also considering seattle where there are rarely a sun (except few months during summer) but it is expensive there. There is no state sales tax.

[ggbtctalk000]

another good venture to join force (fund and share risk) would be multiple miner renting the warehouse together. During my investigation 15-20k$ warehouses are what called class C in a run down neighborhood, would not want to put a several thousands of dollars worth of miners in that type of places. Decent class B/C places will skyrocket to 30-40k$ and even more at upwards of 50k$ year. In that situation, there should be some joint effort. Now with sharing space with strangers, foul play comes into play, in the case, the warehosue can be modified (or find existing) with several rooms with standard unit size where participants will put their equipment and lock the room. If any participant wants more space, he/she can simply rent add'l std size room.

[blockchange88]

get that cheaper apt, and HASH AWAY. its your ticket to the moon!

[gotminer]

get that cheaper apt, and HASH AWAY. its your ticket to the moon!

Lol ... What will he do on the moon?  To my knowledge, there isn't anyone else living there full time.  Although, I have been looking at realestate up there.

[ggbtctalk000]

I'm considering moving to Detroit to buy old houses at~20k USD on a first home mortgage, mine in an unfinished room while upgrading the rest of the home, then sell and move everything to the next.  It seems like the best way to take advantage of the current markets and Michigan already has cold winters with high heating costs so mining as a form of heat is a plus. 

i am thinking about that too. But on a cash basis, it looks like many of the homes on low end are asking for cash only. Mortgages by the big stupid banks has become unbearable painful. I am  also doing some research on detroit (which area is good and bad etc.,) since I never lived there.

[VyprBTC]

I'm considering moving to Detroit to buy old houses at~20k USD on a first home mortgage, mine in an unfinished room while upgrading the rest of the home, then sell and move everything to the next.  It seems like the best way to take advantage of the current markets and Michigan already has cold winters with high heating costs so mining as a form of heat is a plus. 

i am thinking about that too. But on a cash basis, it looks like many of the homes on low end are asking for cash only. Mortgages by the big stupid banks has become unbearable painful. I am  also doing some research on detroit (which area is good and bad etc.,) since I never lived there.

Get a place on 7 mile. I'm sure you'll be super happy

[gotminer]

I'm considering moving to Detroit to buy old houses at~20k USD on a first home mortgage, mine in an unfinished room while upgrading the rest of the home, then sell and move everything to the next.  It seems like the best way to take advantage of the current markets and Michigan already has cold winters with high heating costs so mining as a form of heat is a plus. 

i am thinking about that too. But on a cash basis, it looks like many of the homes on low end are asking for cash only. Mortgages by the big stupid banks has become unbearable painful. I am  also doing some research on detroit (which area is good and bad etc.,) since I never lived there.

Get a place on 7 mile. I'm sure you'll be super happy

Maybe he'll run into Eminem.

[coins4commies]

thats when you your house with a 0% cc check as the mortgage and pay it off with your miners

[dmatthewstewart]

You literally gave zero details. How is anyone supposed to reply to this?

"YES GO FOR IT" ?

That is the correct response

[ggbtctalk000]

I'm considering moving to Detroit to buy old houses at~20k USD on a first home mortgage, mine in an unfinished room while upgrading the rest of the home, then sell and move everything to the next.  It seems like the best way to take advantage of the current markets and Michigan already has cold winters with high heating costs so mining as a form of heat is a plus. 

i am thinking about that too. But on a cash basis, it looks like many of the homes on low end are asking for cash only. Mortgages by the big stupid banks has become unbearable painful. I am  also doing some research on detroit (which area is good and bad etc.,) since I never lived there.

Get a place on 7 mile. I'm sure you'll be super happy

before i get this, i need to watch the movie from beg to end.

[ggbtctalk000]

there are literally houses that can be bough under 10,000$. There is one as little as 1500$ but its roof appears to be missing. So I think I will set the search range to somewhere between 5-20k$ and see what is coming up.

Oh yeah, thinking it is probably good idea to rent a armored vehicle before entering the city just in case.

[coins4commies]

the missing roof should aid in cooling your miners.

[gotminer]

the missing roof should aid in cooling your miners.

Lol.

[Vann]

I'm considering moving to Detroit to buy old houses at~20k USD on a first home mortgage, mine in an unfinished room while upgrading the rest of the home, then sell and move everything to the next.  It seems like the best way to take advantage of the current markets and Michigan already has cold winters with high heating costs so mining as a form of heat is a plus. 

i am thinking about that too. But on a cash basis, it looks like many of the homes on low end are asking for cash only. Mortgages by the big stupid banks has become unbearable painful. I am  also doing some research on detroit (which area is good and bad etc.,) since I never lived there.

Send this guy on Youtube a message. He's originally from Detroit and can tell you were you should be looking.

https://www.youtube.com/user/DEMCAD