Still buying Hardware?

[seriouscoin]

... home miners with electricity rates below $0.05/kwh will easily turn a profit. (unless ultra cheap ~0.1w/gh hardware comes out within the next few months)
Home mining is not dead, it's only dead for people with uncompetitive electricity rates.

PLEASE!!!  Tell me where on Earth you can get residential service for a nickel a KWh? I have my miners packed..

The fees on my electric bill are 0.03/KWh on top of the 0.08/KWh for the juice.

Have you tried looking in Washington?

Um Yes Yes I have, building a 25KW farm there as I write AND AGAIN I say WHERE??

http://www.eia.gov/electricity/monthly/epm_table_grapher.cfm?t=epmt_5_6_a

Maybe he meant INDUSTRIAL energy price, which takes a MASSIVE LOAD to get pricing there, with monthly minimums that would fry a cat. Reading the AM report on trying to save their ship would NOT include RESIDENTIAL rates.

Jimmothy is a shill no doubt and a LIAR to boot. Dude why do you open your mouth so much when it is obvious you do not have 1 clue about mining, why not just go shill the Prism or Tube, the adults are trying to speak...

http://www.douglaspud.org/pages/2013-rates-january-1-2013.aspx

http://www.chelanpud.org/rates.html

http://www.grantpud.org/customer-service/payments-billing/rates-and-fees

So you expect all miners to be in one tiny county?

Fcking retard, we all know you care so much about your shares, but at least make better BS to support your agenda.

[1713855552]

1713855552

[1713855552]

1713855552

[jimmothy]

... home miners with electricity rates below $0.05/kwh will easily turn a profit. (unless ultra cheap ~0.1w/gh hardware comes out within the next few months)
Home mining is not dead, it's only dead for people with uncompetitive electricity rates.

PLEASE!!!  Tell me where on Earth you can get residential service for a nickel a KWh? I have my miners packed..

The fees on my electric bill are 0.03/KWh on top of the 0.08/KWh for the juice.

Have you tried looking in Washington?

Um Yes Yes I have, building a 25KW farm there as I write AND AGAIN I say WHERE??

http://www.eia.gov/electricity/monthly/epm_table_grapher.cfm?t=epmt_5_6_a

Maybe he meant INDUSTRIAL energy price, which takes a MASSIVE LOAD to get pricing there, with monthly minimums that would fry a cat. Reading the AM report on trying to save their ship would NOT include RESIDENTIAL rates.

Jimmothy is a shill no doubt and a LIAR to boot. Dude why do you open your mouth so much when it is obvious you do not have 1 clue about mining, why not just go shill the Prism or Tube, the adults are trying to speak...

http://www.douglaspud.org/pages/2013-rates-january-1-2013.aspx

http://www.chelanpud.org/rates.html

http://www.grantpud.org/customer-service/payments-billing/rates-and-fees

So you expect all miners to be in one tiny county?

Fcking retard, we all know you care so much about your shares, but at least make better BS to support your agenda.

Can you not count? Clearly I listed 3 separate counties making up a large part of Washington.

Washington is not the only place in the world with cheap electricity. You can find ~$0.05/kwh electricity all over if you look hard enough and using miners as space heaters can effectively reduce the electricity rate for most people. But clearly you don't actually care about mining, you just have some strange addiction to calling people retards.

I'm not here to promote AM hardware, I'm here to debate over speculation like everyone else. I hold so few AM shares that even if I was responsible for the sale of 1000 AM Prismas I doubt I would earn an entire dollar.

[gallery2000]

... home miners with electricity rates below $0.05/kwh will easily turn a profit. (unless ultra cheap ~0.1w/gh hardware comes out within the next few months)
Home mining is not dead, it's only dead for people with uncompetitive electricity rates.

PLEASE!!!  Tell me where on Earth you can get residential service for a nickel a KWh? I have my miners packed..

The fees on my electric bill are 0.03/KWh on top of the 0.08/KWh for the juice.

Have you tried looking in Washington?

Um Yes Yes I have, building a 25KW farm there as I write AND AGAIN I say WHERE??

http://www.eia.gov/electricity/monthly/epm_table_grapher.cfm?t=epmt_5_6_a

Maybe he meant INDUSTRIAL energy price, which takes a MASSIVE LOAD to get pricing there, with monthly minimums that would fry a cat. Reading the AM report on trying to save their ship would NOT include RESIDENTIAL rates.

Jimmothy is a shill no doubt and a LIAR to boot. Dude why do you open your mouth so much when it is obvious you do not have 1 clue about mining, why not just go shill the Prism or Tube, the adults are trying to speak...

http://www.douglaspud.org/pages/2013-rates-january-1-2013.aspx

http://www.chelanpud.org/rates.html

http://www.grantpud.org/customer-service/payments-billing/rates-and-fees

So you expect all miners to be in one tiny county?

Fcking retard, we all know you care so much about your shares, but at least make better BS to support your agenda.

I don't appreciate you calling people retard.  The correct word is mentally-challenged.

[whonesta]

... home miners with electricity rates below $0.05/kwh will easily turn a profit. (unless ultra cheap ~0.1w/gh hardware comes out within the next few months)
Home mining is not dead, it's only dead for people with uncompetitive electricity rates.

PLEASE!!!  Tell me where on Earth you can get residential service for a nickel a KWh? I have my miners packed..

The fees on my electric bill are 0.03/KWh on top of the 0.08/KWh for the juice.

Have you tried looking in Washington?

Um Yes Yes I have, building a 25KW farm there as I write AND AGAIN I say WHERE??

http://www.eia.gov/electricity/monthly/epm_table_grapher.cfm?t=epmt_5_6_a

Maybe he meant INDUSTRIAL energy price, which takes a MASSIVE LOAD to get pricing there, with monthly minimums that would fry a cat. Reading the AM report on trying to save their ship would NOT include RESIDENTIAL rates.

Jimmothy is a shill no doubt and a LIAR to boot. Dude why do you open your mouth so much when it is obvious you do not have 1 clue about mining, why not just go shill the Prism or Tube, the adults are trying to speak...

http://www.douglaspud.org/pages/2013-rates-january-1-2013.aspx

http://www.chelanpud.org/rates.html

http://www.grantpud.org/customer-service/payments-billing/rates-and-fees

Ah nice 3 counties, Thanks now after I do the 3-4 hours of reading to collect ALL the facts and regs..  looks like 2 of them actually will deliver for under 0.05/KWh.. oh wait but then there are taxes, school levees, etc..  oh damn 0.08/KWH ugh.. why do you even respond?

I stand CORRECTED.. NOT!! and of course good luck finding a house there wired with 3 phase.. or grocery stores and forget about JOBS or a local ECONOMY.

ROFLMAO..  30PH a month huh, well hopefully you did not pay too much for those shares.

[jimmothy]

... home miners with electricity rates below $0.05/kwh will easily turn a profit. (unless ultra cheap ~0.1w/gh hardware comes out within the next few months)
Home mining is not dead, it's only dead for people with uncompetitive electricity rates.

PLEASE!!!  Tell me where on Earth you can get residential service for a nickel a KWh? I have my miners packed..

The fees on my electric bill are 0.03/KWh on top of the 0.08/KWh for the juice.

Have you tried looking in Washington?

Um Yes Yes I have, building a 25KW farm there as I write AND AGAIN I say WHERE??

http://www.eia.gov/electricity/monthly/epm_table_grapher.cfm?t=epmt_5_6_a

Maybe he meant INDUSTRIAL energy price, which takes a MASSIVE LOAD to get pricing there, with monthly minimums that would fry a cat. Reading the AM report on trying to save their ship would NOT include RESIDENTIAL rates.

Jimmothy is a shill no doubt and a LIAR to boot. Dude why do you open your mouth so much when it is obvious you do not have 1 clue about mining, why not just go shill the Prism or Tube, the adults are trying to speak...

http://www.douglaspud.org/pages/2013-rates-january-1-2013.aspx

http://www.chelanpud.org/rates.html

http://www.grantpud.org/customer-service/payments-billing/rates-and-fees

Ah nice 3 counties, Thanks now after I do the 3-4 hours of reading to collect ALL the facts and regs..  looks like 2 of them actually will deliver for under 0.05/KWh.. oh wait but then there are taxes, school levees, etc..  oh damn 0.08/KWH ugh.. why do you even respond?

Thanks for doing hours of research but you forget to include any links/references to these mystical taxes you worked so hard to find.

Don't forget that everyone in the northern hemisphere who pays <$0.08/kwh can effectively lower their rate by ~0.03/kwh by using the miners for space heating. (natural gas is $0.03-0.04/kwh most places)

Of course recycling heat will be of no use to your awkward scale mining operation but some people can take advantage of it.

I stand CORRECTED.. NOT!! and of course good luck finding a house there wired with 3 phase.. or grocery stores and forget about JOBS or a local ECONOMY.

That's really not my job. You asked where people pay less than $0.05/kwh not where you can have a 3 phase 220V pre-installed in an upscale neighborhood.

Here's a few more good non-Washington rates I found (disclaimer: I didn't do an extensive forensic analysis so there may be exorbitant fees I've missed)

http://www.rousespointny.com/the-village/electric-department.html

http://www.villageofarcade.org/departments/public-works/electric-department.html

http://www.cityofplattsburgh-ny.gov/Departments/MunicipalLighting

http://www.clatskaniepud.com/rate-schedules/

[whonesta]

Well Jimmy in Chelan County they still have customers who use rotary phones, so no wonders they do not have their local tax schedule online, but part of my research was to call the fine lady's @ the county building. 6% tax on energy for the Local City/County and 3.873% for WA State. Likewise they DO NOT provide 3-phase power to residential accts. Also the fine county has at least 20 residences available, although a JOB would require a bit of a commute.

TO BE SURE: if you are only using 120V single phase power YOU WILL NEED A JOB.

Anyway WA is a great location, but regardless of jimmy's pipe dream power will cost you roughly 0.08/KWh(tax, title, tags, etc) unless you can use enough to qualify as an industrial entity, like AM.

I would think you would be thankful jimmy because my awkward setup includes AM's awkward ULTRA-HOT mining Tubes, for now anyway more selling off each day, Thank GOD!!!


http://www.cityofplattsburgh-ny.gov/Departments/MunicipalLighting ---  FYI this is for Municipal Lighting IE you provide outdoor lighting USED by others in community..  UGH!!

Do you even OWN a miner Jimmy?

[jimmothy]

Well Jimmy in Chelan County they still have customers who use rotary phones, so no wonders they do not have their local tax schedule online, but part of my research was to call the fine lady's @ the county building. 6% tax on energy for the Local City/County and 3.873% for WA State. Likewise they DO NOT provide 3-phase power to residential accts. Also the fine county has at least 20 residences available, although a JOB would require a bit of a commute.

I'm not sure how a 10% tax can increase the cost from ~$0.04 to 0.08/kwh but I'll take your word for it.

TO BE SURE: if you are only using 120V single phase power YOU WILL NEED A JOB.

I really wouldn't suggest mining unless you already have a job and access to power.

I'd guess you would need at least 100TH/s now to survive on mining alone and that's being optimistic.

Anyway WA is a great location, but regardless of jimmy's pipe dream power will cost you roughly 0.08/KWh(tax, title, tags, etc) unless you can use enough to qualify as an industrial entity, like AM.

Is that including the ~$0.03/kwh savings from using the miners as heaters during winter?

I would think you would be thankful jimmy because my awkward setup includes AM's awkward ULTRA-HOT mining Tubes, for now anyway more selling off each day, Thank GOD!!!

I say it's awkwardly sized because it's too small to qualify for large scale industrial rates and it's too large to use for space heating.

Do you even OWN a miner Jimmy?

Unfortunately no. I started mining more than a year ago but had to sell the last of my miners recently because my electricity rate is not competitive. ($0.15/kwh)

[seriouscoin]

Jimmy, u're such a joker..... or a terrible shill. Did you sell all your AM shares yet?

[RoadStress]

Don't forget that everyone in the northern hemisphere who pays <$0.08/kwh can effectively lower their rate by ~0.03/kwh by using the miners for space heating. (natural gas is $0.03-0.04/kwh most places)

You and this nonsense again. Have you mined with more than 5 devices in your home? I would really like to see you using miners as space heating for a whole winter. It's easier said than done, but since you are not a miner you don't know this. And even if someone could use miners as space heaters. They can do this only one winter, because the next winter the equipment will be obsolete and since the profits are so small the miner will not have money to get new equipment so next winter he will freeze.


P.S. It's funny how you are trying to raise legitimate issue and people accuse you of shilling for AM. It's EXACTLY how it happened to me in the AM thread when I was trying to raise questions about the costs of deploying of 60PH/s of chips and all shareholders were complaining that I'm shilling for SP-Tech. I will call this instant karma. Enjoy it!

[jimmothy]

Don't forget that everyone in the northern hemisphere who pays <$0.08/kwh can effectively lower their rate by ~0.03/kwh by using the miners for space heating. (natural gas is $0.03-0.04/kwh most places)

You and this nonsense again. Have you mined with more than 5 devices in your home? I would really like to see you using miners as space heating for a whole winter.  It's easier said than done, but since you are not a miner you don't know this.

I'm not the one who thought of the idea. I didn't even know it was debatable until now.

What exactly do you find difficult about using a miner as a space heater?

And even if someone could use miners as space heaters. They can do this only one winter, because the next winter the equipment will be obsolete

Is there a reason it needs to be used for more than one winter?

and since the profits are so small the miner will not have money to get new equipment so next winter he will freeze.

So your magic crystal ball is telling you that the AM Prisma will make small profits yet you are still trying to sell hardware twice as expensive?

[philipma1957]

I heated my home with gpus's winter 2012-2013   well lowered my gas heating from 200 a month to 100 a month

I heated my home with gpu's winter of 2013-2014 well lowered my gas heating from 200 a month to 100 a month.  I mined scrypt.

I am going to run 6 s-3's and lower my heating from 200 to 150 this winter. 

I can say very simply mining at home is shrinking to less for many of us.

I will use only 1400 watts this winter.

Last 2 winters  I ran 3000 watts.

The idea of buying a ton of gear vs buying BTC for this winter  is not flying well.  So I am more with BTC then gear.

[GigaBit]

Of course I still buy hardware but I am smarter than most miners... I come from Gold Mining, my secret advantage

Right now, someone who owes me a lot of cash that cannot pay me back in one shot, mines for me until debt is paid... Hint Hint?!?!

I did the same in Gold Mining...  put those deadbeats to work for free.

In the meantime, I buy mining hardware and solar on a 1:1 ratio; meaning I buy 1 Watt of Power per 1 GH/s.

I don't sell coin under $500, period, don't need to.

By the time the debt is paid, I'll have a solar plant able to run my mine for a few days without sun.

Most first world countries have government programs for businesses/companies to increase power efficiency or get a portion of it paid back.

You can also claim power as business expense and should!!

I mean, if you're too lazy to do your homework, learn some history then don't mine for profit, mining is a privilege, an opportunity, not a right.

Today, 99% of new miners will fail at profitable Bitcoin mining; your best bet is to mine an AltCoin and hope it gains 100x its Bitcoin value.

This way you mien for nothing but at least you know and have a chance at the "Overnight Superstar Altcoin" and make tones of cash from it.

Bitcoin mining seems to have a knack at luring lazy clueless people who just want money and do nothing for it; go read asic builder pages lol

On the other hand, we're in the the Great Bitcoin Rush, that in itself is humbling enough to want to mine at a loss no?

Price would have to go down to $100 for me to stop mining, when it gets too low, I put my chance on another coin and hold it.

I'll buy hardware until manufacturers are fed up of selling to me.  Right now, nothing of real value to buy with Bitcoin.

[seriouscoin]

Of course I still buy hardware but I am smarter than most miners... I come from Gold Mining, my secret advantage

Right now, someone who owes me a lot of cash that cannot pay me back in one shot, mines for me until debt is paid... Hint Hint?!?!

I did the same in Gold Mining...  put those deadbeats to work for free.

In the meantime, I buy mining hardware and solar on a 1:1 ratio; meaning I buy 1 Watt of Power per 1 GH/s.

I don't sell coin under $500, period, don't need to.

By the time the debt is paid, I'll have a solar plant able to run my mine for a few days without sun.

Most first world countries have government programs for businesses/companies to increase power efficiency or get a portion of it paid back.

You can also claim power as business expense and should!!

I mean, if you're too lazy to do your homework, learn some history then don't mine for profit, mining is a privilege, an opportunity, not a right.

Today, 99% of new miners will fail at profitable Bitcoin mining; your best bet is to mine an AltCoin and hope it gains 100x its Bitcoin value.

This way you mien for nothing but at least you know and have a chance at the "Overnight Superstar Altcoin" and make tones of cash from it.

Bitcoin mining seems to have a knack at luring lazy clueless people who just want money and do nothing for it; go read asic builder pages lol

On the other hand, we're in the the Great Bitcoin Rush, that in itself is humbling enough to want to mine at a loss no?

Price would have to go down to $100 for me to stop mining, when it gets too low, I put my chance on another coin and hold it.

I'll buy hardware until manufacturers are fed up of selling to me.  Right now, nothing of real value to buy with Bitcoin.

Are you stupid? You sound like an idiot with fantasy about "mining secret". LOL what a joke.

[fr4nkthetank]

nan

[jonnybravo0311]

J'ai travaille en Montreal deux ans... it gets to -12 quite often in the winter

[eoakland]

not buying any hardware at the moment.  difficulty toppled with low btc price makes it easier to just buy the coin for the time being. 

[fr4nkthetank]

J'ai travaille en Montreal deux ans... it gets to -12 quite often in the winter

Oh yeah it does.  I love the cold though.  Anyways i forget the normal rate but i found this

http://www.hydroquebec.com/residentiel/comprendre-la-facture/tarification/prix-de-l-electr-ici-et-ailleurs/

[RoadStress]

I'm not the one who thought of the idea. I didn't even know it was debatable until now.

What exactly do you find difficult about using a miner as a space heater?

There are a lot of things that make it difficult. Lack of energy circuit power, kids, lack of physical space, pets, wife, loud noise etc. Miners have lots of cables and need a big power circuit because you don't want your breaker to trip when you plug in your stove or washing machine or iron. And I would really like to see a bedroom heated by miners. I wonder how will the wife sleep with your new toys.

Using miners as a space heater is only available for a few miners. For the majority of them this is simply not doable.

[jimmothy]

I'm not the one who thought of the idea. I didn't even know it was debatable until now.

What exactly do you find difficult about using a miner as a space heater?

There are a lot of things that make it difficult. Lack of energy circuit power, kids, lack of physical space, pets, wife, loud noise etc. Miners have lots of cables and need a big power circuit because you don't want your breaker to trip when you plug in your stove or washing machine or iron. And I would really like to see a bedroom heated by miners. I wonder how will the wife sleep with your new toys.

Using miners as a space heater is only available for a few miners. For the majority of them this is simply not doable.

There shouldn't be a need for a ton of power because you only need enough to heat your home(or supplement the heating). If you have a massive home that needs a massive amount of heating I would guess you already have plenty of power already built in to the house.

The noise problem is entirely dependent on the hardware. Sure anything from Spondooliestech will not work but a BTCGarden miner or something equally quiet would have no problem going inside the house.

Last winter I used my gpu rig (2 x AMD 270x) to heat my room and it worked quite well in my experience.

I am not in disagreement that home mining is dead for the majority of people, I just think that there is still an opportunity for the few with cheap or free electricity.

[fullzero]

I agree with everyone who is saying home mining (for profit) is basically either over or hibernating. 

This will not stop me from keeping a few miners to tinker around with: selling them as they get close to paper-weighting, which for me, is early (relative to everyone else) because I live in crazy 0.18 New England. I will use the proceeds to subsidize the miner that I; either have some strange fixation on, or looks like it will come closest to ROI.  Why, you ask?

I watched 'the rise and rise of Bitcoin' yesterday.  Overall it was well done and I think it is informative for the average person who has at best "heard" of Bitcoin; however other than a few shots and passing remarks, mining is only given cursory attention; the concept of 'a mining pool' is not even discussed.  Instead we get lots of footage toting individuals who never mined, but bought a lot of BTC after the first crash; these individuals act as if Bitcoin would not exist without them.  I can think of very few people who I can imagine, have been that central to Bitcoin; with one exception they have not been given proper credit in the film. 

To those who are of Merit; thank you for Bitcoin.

Everyone reading this continues to spend part of their life here on the forum.  If it was only about money I think you would have moved on by now.