Heating your home for free

terr said:
If you run it alone (no one other than big miner factories do that) then if/when you hit one, you get (currently) 6.25 BTC. If you don't (and when you are running one miner it is very unlikely you will) you get nothing.

Most people with less than let's say 2000 miners join a pool. In a pool, when someone in the pool hits, everyone in the pool gets paid proportional to the amount of work they put in during that period.
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Sounds like you could rack up a lot of expense in computers and electricity and never make any money...
 
terr said:
If you run it alone (no one other than big miner factories do that) then if/when you hit one, you get (currently) 6.25 BTC. If you don't (and when you are running one miner it is very unlikely you will) you get nothing.

Most people with less than let's say 2000 miners join a pool. In a pool, when someone in the pool hits, everyone in the pool gets paid proportional to the amount of work they put in during that period.
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So much for my idea of cheap heating. Doh!

Presumably there are other coins which are easier to mine? Where you could earn regular rewards with a single rig?
 
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Arnie said:
Most efficient way is to use solar, geothermal or hydro.
Years ago a guy around here put a small hydro on a creek. The utility had to buy any excess power from him.

https://www.washingtonpost.com/arch...to-life/1f5b5792-28bb-42a8-aedd-83d9be493ec6/
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If the utility is buying power from you then your system is "grid tied" meaning that in a power outage your local generation from solar, wind or hydro is *unavailable" to you.

Grid-tied systems are a huge scam. If something doesn't provide backup power just forget about it.
 
Was thinking about exactly this the other day as I live pretty north and it may get as low as -22F some days and -4F for multiple weeks. If one could rent/lease miners for the seven months needed. My issue was how to deal with the noise. The miners are pretty noisy and not something you want in your living room.

If you got an closed room in the basement you can keep the miners there and pipe the hot air out up into the house. But I don't got any basement in my house.
 
bln said:
My issue was how to deal with the noise. The miners are pretty noisy and not something you want in your living room.
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Yep, I was thinking about this too. I could put it in the hall, or on the upstairs landing, but if they sound like a mini jet engine that could get real annoying.
 
SunTrader said:
Heat schmeet. Get back to me if you find a way to run rig in reverse and cool my house here in South Florida.
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Do you have a swimming pool? Do you heat it at all?

Heating swimming pools wouldn't be a bad use for the waste heat from mining.
 
Do you all live in in very tiny houses or have a aquarium serving as swimming pool?

You cannot heat any of them conveniently with the heat of your trading rig. Unless you live in a tropical area, or desert.
 
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