Minimum Electric Bill

[meangoat]

Hello everyone and thank you in advance for your thoughts.

I am building a new rural home that requires extensive electrical investment.  The Electricity provider is building to me but I have a minimum usage rate of $350 per month for 60 months.  The current rate is $.119895/kWh which, after fees, comes to 2,735kWh per month.  I am paying for it whether I use the full amount or not.  I wont have any usage the first 8 months and then i'll use around 1,200kWh per month leaving a deficit of 1,535kWh unused.  To avoid this waste I am looking into mining BTC.

Sunk Electricity - 21k ($350/mo X 60/mo)
Miner cost ?
Internet Cost ($800 to begin 8 months earlier than planned)
Dedicated PC - $400

At the end of 60 months I would expect to have earned around .80 BTC so any price over $45k should be net positive.

Please point me in the right direction, poke holes in my plan and point out anything I am not thinking of.

Thank you in advance.

[Lucius]

I am not an expert in BTC mining, but I will tell you that if you want to mine seriously, you need to invest a large amount of money in mining devices. I also think that it is difficult to calculate in advance that you will earn 0.8 BTC, because you have to count on many factors - and also take into account possible device failures and interruptions in the supply of electricity.

There is a mining board, so I recommend that you look for the move button and move the topic there, or that you lock this topic and open a new one. Mining

[ABCbits]

leaving a deficit of 1,535kWh unused.

Using electricity calculator[1], you'll need ASIC that use around 2100 watt to use about 1.5K kWh per month. But looking at Bitcoin ASIC by most energy efficient[2], most of them have higher watt usage (Antminer and other bulky ASIC) or have poor price/hashrate ratio (Bitaxe).

Dedicated PC - $400

ASIC these days usually have it's own "computer". So you just need to connect the ASIC to network and use browser to open ASIC dashboard and configure it. So i think you could just bring your phone to do that one time.

[1] https://www.calculator.net/electricity-calculator.html
[2] https://www.asicminervalue.com/efficiency/sha-256

[FP91G]

1535 kWh per month is 2.13 kW/kilowatt per hour.
This is very little available power for Bitcoin mining. And if you pay extra for excess consumption at a price of 11 cents, you'll be mining at a loss. Perhaps I misunderstood your post; I'd like to see your calculations.