[kwlug-disc] Another Humble Bundle: Cryptocurrency

[Ron Singh]

I am actually seriously considering a rig with 5 of the Nvidia 1070 card
which will eat up about 800w and running them from 7PM to 7AM for the
lowest cost electrical rates. I am thinking of starting in late November
when my house can benefit from the heat generated by the cards. Eth and
Monero to start. A play thing really, to learn. Doing it in the basement
will be helpful as heat rises(great for the winter) and it will be noisy,
so out of sight, out of earshot, and since basements are cool anyway during
the summer, a little extra heat should not be a real big deal.

A low-cost Raspberry Pi sounds a lot healthier on the pocketbook though:-)
Worth checking to see which cryptos make sense on that platform.

Thanks,

Ron Singh
"in transit, via mobile comm device"

On Tue, Oct 10, 2017 at 3:55 PM, CrankyOldBugger <crankyoldbugger at gmail.com>
wrote:

> 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.
>>>>>>
>>>>>>
>>>>>>
>>>>>> _______________________________________________
>>>>>> kwlug-disc mailing list
>>>>>> kwlug-disc at kwlug.org
>>>>>> http://kwlug.org/mailman/listinfo/kwlug-disc_kwlug.org
>>>>>>
>>>>>
>>>>> _______________________________________________
>>>>> kwlug-disc mailing list
>>>>> kwlug-disc at kwlug.org
>>>>> http://kwlug.org/mailman/listinfo/kwlug-disc_kwlug.org
>>>>>
>>>>>
>>>> _______________________________________________
>>>> kwlug-disc mailing list
>>>> kwlug-disc at kwlug.org
>>>> http://kwlug.org/mailman/listinfo/kwlug-disc_kwlug.org
>>>>
>>>
>>> _______________________________________________
>>> kwlug-disc mailing list
>>> kwlug-disc at kwlug.org
>>> http://kwlug.org/mailman/listinfo/kwlug-disc_kwlug.org
>>>
>>>
>> _______________________________________________
>> kwlug-disc mailing list
>> kwlug-disc at kwlug.org
>> http://kwlug.org/mailman/listinfo/kwlug-disc_kwlug.org
>>
>
> _______________________________________________
> kwlug-disc mailing list
> kwlug-disc at kwlug.org
> http://kwlug.org/mailman/listinfo/kwlug-disc_kwlug.org
>
>
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://kwlug.org/pipermail/kwlug-disc_kwlug.org/attachments/20171010/468af3bb/attachment.htm>