[kwlug-disc] Another Humble Bundle: Cryptocurrency

[CrankyOldBugger]

I saw a similar argument regarding solar panels from a guy in Alberta who
stated "if I lived in Ontario, these panels would have paid for themselves
by now".

So what I understand from you, Ron, is that bitcoin mining is profitable if
you don't have to pay Ontario electricity rates..



On Tue, 10 Oct 2017 at 15:41 Ron Singh <ronsingh149 at gmail.com> wrote:

> I have a friend in Calgary(flat rate of sub.$05/kwh) making $240 with 5 of
> the RX580 video cards. He is happy  with the warming of his house due to
> the 780w draw of his rig. Mind you, he had 2800 tied up in hardware for his
> rig. It will take him about a year to recoup his capital costs and perhaps
> even more time if anything dies right after the 1 year warranty is over on
> his vid cards. I check my figures for 120v juice and I came up with an
> average of 17.7 cents/kwh over a 24 hour period in Waterloo with TOU and
> Hydro One's "Global Adjustment" extortion factored in.
>
> I just don't see any payback doing mining in Ontario, especially with the
> proof of work demanding more gpu cycles as time goes on.
>
> A mining farm in Alberta would be the ticket
>
> Thanks,
>
> Ron Singh
> "in transit, via mobile comm device"
>
> On Tue, Oct 10, 2017 at 3:19 PM, CrankyOldBugger <
> crankyoldbugger at gmail.com> wrote:
>
>> While I'm very curious about bitcoin and related ecurrencies, I have to
>> ask... is anyone here making any money off of this?
>>
>>
>> On Tue, 10 Oct 2017 at 14:23 bob+kwlug at softscape.ca <
>> bob+kwlug at softscape.ca> wrote:
>>
>>> I am not affiliated and saddened that simply buying the books does not
>>> load them into my brain, but if anyone is interested:
>>>
>>> https://www.humblebundle.com/books/bitcoin-cryptocurrency-books
>>>
>>>
>>> Bob.
>>>
>>>
>>>
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