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Old 01-08-2021, 07:46 PM   #1 (permalink)
redpoint5
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Cryptocurrency Mining

I dislike Bitcoin because it's fundamentally flawed and wastes enormous amounts of electricity, but I do like blockchain and distributed ledger...

Hard to ignore the price of Bitcoin these days though. That got me to thinking (I'm pretty slow), I have powerful hardware laying around, I've banked excess electricity from solar, and this is the heating season...

I finally figured out how to find how much excess electricity I've banked. It's at the bottom of my $12 bill ($11 for the connection, and $1 taxes). 800 kWh.



I don't know how much electricity the mining rig would consume, but it has dual 1600 watt power supplies requiring 240v. If I pulled 1000 watts continuously, I could mine for a month using my banked solar credit. 2 months if it only pulls 500 watts.

As a bonus, I'd run the gas furnace less during the ~6 month heating season.

Here's a similar setup to what I've got to work with, only 1 GPU instead of 2. I think it can take up to 3.


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Last edited by redpoint5; 01-08-2021 at 11:29 PM..
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