how much do you pay for electricity?

[catfishftw]

Hello guys, I live in Africa, and I pay like 2$ stable electricity bills every month *Maybe not so legal but it is permanent since the measurement tool is dead*
so I wanted to know if i used that to mine BTC will it be like more profitable or it will be useless since electricity aint a big deal?

[philipma1957]

Hello guys, I live in Africa, and I pay like 2$ stable electricity bills every month *Maybe not so legal but it is permanent since the measurement tool is dead*
so I wanted to know if i used that to mine BTC will it be like more profitable or it will be useless since electricity aint a big deal?

if you can run 1 s9  it earns 60 usd a month with free power

[Artemis3]

Hello guys, I live in Africa, and I pay like 2$ stable electricity bills every month *Maybe not so legal but it is permanent since the measurement tool is dead*
so I wanted to know if i used that to mine BTC will it be like more profitable or it will be useless since electricity aint a big deal?

Make a big enough a load and they will come for you. Sure 1 miner or 2 probably won't catch attention (unless your neighbors complain for noise if you don't put it inside a sound insulating box or such), but start getting greedy and they'll go there, meter or not.

We pay about the same amount here with a miner running (its cents without it), and its not illegal at all. And yet, some people got in trouble... That was before becoming unstable due to non-technical reasons (leave a national grid unattended long enough and things tend to go pop).

Try to get the newest model you can, a single S17 would consume the same as an S9, yet would make 4 times more money.

[catfishftw]

It is 100% unwatched, I got 2ACs , 3 TVs and so and i still pay the same per month for 3 years 😁
So for now what I am thinking of is taking a loan or making someone use that perk of paying no electricity and giving me an advantage.

[Artemis3]

It is 100% unwatched, I got 2ACs , 3 TVs and so and i still pay the same per month for 3 years 😁
So for now what I am thinking of is taking a loan or making someone use that perk of paying no electricity and giving me an advantage.

Consider each Asic miner like an extra AC so you will now have 4, 5, 6 ACs... You know, that will eventually trip something down the line assuming your wiring inside can take the load and the transformer on the street, did you check that? You should, as that gives you a max capacity. You mustn't use more than 80% of that transformer. Specially critical if you happen to be "sharing" it with others.

Just because its "free", does not mean you are magically immune to physics. My country has the cheapest electricity in the world, i know and have seen nasty things done to the electricity poles and transformers, thousands steal it. Yes, this ultra subsidized cheap electricity is stolen by many poor neighborhoods. And yes, i have seen transformers blow up, specially lately with the blackouts. Its pretty awesome to look at night, but not so pretty spending days in darkness right after that.

[Huxley23]

Consider each Asic miner like an extra AC so you will now have 4, 5, 6 ACs... You know, that will eventually trip something down the line assuming your wiring inside can take the load and the transformer on the street, did you check that? You should, as that gives you a max capacity. You mustn't use more than 80% of that transformer. Specially critical if you happen to be "sharing" it with others.

Just because its "free", does not mean you are magically immune to physics. My country has the cheapest electricity in the world, i know and have seen nasty things done to the electricity poles and transformers, thousands steal it. Yes, this ultra subsidized cheap electricity is stolen by many poor neighborhoods. And yes, i have seen transformers blow up, specially lately with the blackouts. Its pretty awesome to look at night, but not so pretty spending days in darkness right after that.

If I may ask, where are you from?

[Sundance_]

why not start by enjoying the situation for a bit and build up incrementally if you insist.. it sounds like starting with 1 or 2 mines is a good idea, see if you get caught, then its not so hard to sell.. these things are on 24/7 which i assume even your AC is not on more than 12 hours a day..?

[catfishftw]

Guys, I am not stealing from the streets, it is just that my electricity measurement tool is dead so i can control it and they never can tell me to change it because it has a warranty and the gov itself never changes it so I am sure.
So basically I got a stable 2$-3$ bill.
What im saying is how can I maximum get benefits from that + I sill have another apartment with nearly dump tool, so I am good but I need to get yhe miners tho

[Artemis3]

Guys, I am not stealing from the streets, it is just that my electricity measurement tool is dead so i can control it and they never can tell me to change it because it has a warranty and the gov itself never changes it so I am sure.
So basically I got a stable 2$-3$ bill.
What im saying is how can I maximum get benefits from that + I sill have another apartment with nearly dump tool, so I am good but I need to get yhe miners tho

Even so you still have a limit, you have to inspect the transformers and stay below 80%. If it blows up not only will you get attention (and stay a long period without service) you might even get imprisoned. I remember here people would add magnets and such to manipulate these old analogic meters (which are still widely in use), even tho the rate is the cheapest worldwide. But a lot of people are simply unmetered. Water is the same situation.

Yours might be broken, but they might notice anyway if you over do it. Take advice and find out whats your max rated capacity by looking at your transformer, and look how much amps you are currently using with all your ACs and appliances on, such as clothes dryer, laundry machine at the rinse (spinning) cycle, etc. More so if this is a multi home setup.

"Maximum" benefit is simply buy the latest miner. Bitmain announced S17, MicroBT announced M20, and Cannan announced A10. You can wait for the forum reviewers to show the actual numbers.

But if you don't care, you can buy a cheap used S9 for like 150 USD and recover the costs in two or three months, only after that you will be earning, but consider by 3 months all those new efficient miners would have increased the worldwide hashrate lowering your income even more, so that's the drawback of buying old miners (aside from the previous owner abuse).

[Indamuck]

I would at least pick up 1 or 2 machines and mine away on btc.  Most people are hampered with electricity costs and if you can get away with it go for it.  I know people that have been successfully mining in Venezuela but they stay under the radar and don't get too greedy.

[Artemis3]

I would at least pick up 1 or 2 machines and mine away on btc.  Most people are hampered with electricity costs and if you can get away with it go for it.  I know people that have been successfully mining in Venezuela but they stay under the radar and don't get too greedy.

And i also know people getting busted for going over, and others getting extorted in spite of doing everything correctly, so yeah, not a good example country... I cringe when i see people insinuate bitcoin is "legal" here, but knowing the weight of the world "legal" in a country where law matters little, doesn't exactly matters. Besides, that "law" itself is not legal, but that would be a large and rather boring off-topic discussion.

[catfishftw]

Even so you still have a limit, you have to inspect the transformers and stay below 80%. If it blows up not only will you get attention (and stay a long period without service) you might even get imprisoned. I remember here people would add magnets and such to manipulate these old analogic meters (which are still widely in use), even tho the rate is the cheapest worldwide. But a lot of people are simply unmetered. Water is the same situation.

Yours might be broken, but they might notice anyway if you over do it. Take advice and find out whats your max rated capacity by looking at your transformer, and look how much amps you are currently using with all your ACs and appliances on, such as clothes dryer, laundry machine at the rinse (spinning) cycle, etc. More so if this is a multi home setup.

"Maximum" benefit is simply buy the latest miner. Bitmain announced S17, MicroBT announced M20, and Cannan announced A10. You can wait for the forum reviewers to show the actual numbers.

But if you don't care, you can buy a cheap used S9 for like 150 USD and recover the costs in two or three months, only after that you will be earning, but consider by 3 months all those new efficient miners would have increased the worldwide hashrate lowering your income even more, so that's the drawback of buying old miners (aside from the previous owner abuse).

I aint got no transformer I live in middle east, electricity is fair tho I got the whole cables splitter in my street so ....
it is amazing to get the latest mining tool, but I will take a loan for it.

[NotFuzzyWarm]

I aint got no transformer I live in middle east, electricity is fair tho I got the whole cables splitter in my street so ....
it is amazing to get the latest mining tool, but I will take a loan for it.

Yes you DO have a transformer. To put it more correctly, somewhere on the power lines feeding your house/business and others near you there are transformers that take grid voltages of several kVAC and step it down to what a house or business can use. Lines from those distribution transformers are what run to the several houses/businesses around it. THAT is the transformer that needs to be checked. ref https://en.m.wikipedia.org/wiki/Distribution_transformer.

[catfishftw]

Yes you DO have a transformer. To put it more correctly, somewhere on the power lines feeding your house/business and others near you there are transformers that take grid voltages of several kVAC and step it down to what a house or business can use. Lines from those distribution transformers are what run to the several houses/businesses around it. THAT is the transformer that needs to be checked. ref https://en.m.wikipedia.org/wiki/Distribution_transformer

Ohhh distribution trans. Ofcourse.

Okay so guys I think I will start with 2 L3+ or something I have a budget for them but I dont have enough cash to buy 1000$+ Miner so I think the best case is L3+.

[Artemis3]

... Okay so guys I think I will start with 2 L3+ or something I have a budget for them but I dont have enough cash to buy 1000$+ Miner so I think the best case is L3+.

You should avoid those and stick to Bitcoin miners, get old S9, or M3s which are being sold dirt chip (50USD). The L3+ is a dead end and is already obsolete (also i have a report of it being too sensitive to hot temps, by having 4 Asic boards airflow isn't that great).

Since new ones are coming the S11 and S15 should have lowered price, and the M10 which is an excellent miner.
Also check your ambient humidity, under 20% is dangerous.

[philipma1957]

Well this is the btc section.

I mine both coins. Op sounds like he is on a budget and the L3+ is a quieter miner  then the s9.  He could get an old s9 and put in the brainss software  which would allow for a 820 watt 10th s9 with slower fans.    it would earn about 50 in a month  and he could find the s9 for under 200 USD.

[fccs]

lol to people who always think unnoticed power = free power.  Start running 100 miners+... when you blow up the whole neighborhood and streets power they will find you. lol

[catfishftw]

Well this is the btc section.

I mine both coins. Op sounds like he is on a budget and the L3+ is a quieter miner  then the s9.  He could get an old s9 and put in the brainss software  which would allow for a 820 watt 10th s9 with slower fans.    it would earn about 50 in a month  and he could find the s9 for under 200 USD.

I wish it cost that much here it cost 600$ 😕 for a used s9.

[Artemis3]

Yes but they are ripping you off. Look at this pangolinminer shop screenshot:



$155 each S9... The M3 is a bit higher, now $75 (10) but was $50 in quantities of 5 a few weeks ago... I'm sure you can get even better prices if you dig more. S9s and M3s are ancient now and they are nearly sold for scraps.

[catfishftw]

I live in Egypt and there is taxes and duties on every device i buy... it weighs 10Kg or sth.