[kwlug-disc] Another Humble Bundle: Cryptocurrency

[CrankyOldBugger]

I was wondering if a little Raspberry Pi could do the job, while only
consuming a wee bit of hydro.  I realize it won't make millions overnight,
but it'd be fun to see a few bucks here and there...


On Tue, 10 Oct 2017 at 15:54 Ron Singh <ronsingh149 at gmail.com> wrote:

> ​Yeah, it is all about hash rates and electricity rates.
>
> Thanks,
>
> Ron Singh
> "in transit, via mobile comm device"
>
> On Tue, Oct 10, 2017 at 3:44 PM, CrankyOldBugger <
> crankyoldbugger at gmail.com> wrote:
>
>> 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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