Anyone mining Ethereum from home?

Snarkhund · Jun 25, 2021

.30 per kwh is probably UK.

They pay about twice what California pays for power. Unbelievable.

jharmon · Jun 25, 2021

Even at $0.14/kWh it's still over a year until breakeven.

terr · Jun 25, 2021

zdreg said:
He does not ive in the US or in New York City.The 21.4 cents per kWh New York area households paid for electricity in May 2021 was 52.9 percent more than the national average of 14.0 cents per kWh.
London 17.20p

Wow. My $0.09/kw is a bargain.

terr · Jun 25, 2021

jharmon said:
2.8kWh is a daily figure

If you are paying $0.30 per kWh then 2.8 kWh costs you $0.84, reducing your daily profit to $2.16. So 462 days until break even!

2.8kWh (as in kilo-watt per hour) is an hourly figure. So it is 0.3*2.8*24=$20.

Ed48 · Jun 25, 2021

terr said:
Wow you pay $0.3 per kwh? Where do you live?

UK. Mains gas is only $0.06 per kWh, and oil is just slightly more expensive than gas.

https://nottenergy.com/resources/energy-cost-comparison

And the Government want everyone to stop burning fossil fuels, and switch to electric heating. Yeah right.

traider · Jun 25, 2021

I heard hard disk mining is in vogue now

RedDuke · Jun 25, 2021

traider said:
I heard hard disk mining is in vogue now

yep, chia coin

Tradex · Jun 25, 2021

A few years ago I saw a movie where a geek mined bitcoins using electricity from wind turbines and solar panels (illegally of course).

Can't remember the name of the movie.

jharmon · Jun 25, 2021

terr said:
2.8kWh (as in kilo-watt per hour) is an hourly figure. So it is 0.3*2.8*24=$20.

TIme to go back to school. It's not PER hour.

Something consuming 116W constantly over a 24 hour period consumes 2.8kWh of electricity. So Electricity costs are $0.84 or around 28% of your mining income in this example.

Ed48 · Jun 26, 2021

jharmon said:
TIme to go back to school. It's not PER hour.

Something consuming 116W constantly over a 24 hour period consumes 2.8kWh of electricity. So Electricity costs are $0.84 or around 28% of your mining income in this example.

The unit of kWh is kW per hour. An appliance, like a kettle, rated at 3kWh draws 3kW in an hour.

In the case of your mining rig, it would be rated at 0.116kWh.