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I am working with a friend to set up a bitcoin mining rig our university. I'm a business major, but my friend is in engineering and has unlimited free access to a 220v power supply. Would it be worth buying 100 AntMiner S9's on eBay and making our own rig? The math breaks down as follows according to https://www.cryptocompare.com/mining/calculatobtc?HashingPower=1350&HashingUnit=TH%2Fs&PowerConsumption=137500&CostPerkWh=0&MiningPoolFee=1 1350 TH/s hashrate (with 100 S9s at 13.5 TH/s for each unit) Electricity cost is zero. Predicted payout is $3,390/month. Am I missing something? It seems too good to be true, making 4k/month with only 10k up front. EDIT: Assume the rig was well hidden and not discovered for a few years.
03-14 22:25 - 'Recent got free electricity, what’s the best way to start mining bitcoin or other crypto’s?' (self.Bitcoin) by /u/aDGNw removed from /r/Bitcoin within 215-225min
''' So I recently moved into a new apartment where the electric bill is included and with it being spring break and school canceled for 2 weeks I was thinking about mining some crypto just for fun. I know mining it on your CPU isn’t consider profitable anymore but with electricity not being a problem that cancels out the issue so what’s the best way to just mine it from my computer. I’d like to get a ASIC but need to wait until I start my new job in a couple weeks to get one but if anyone had recommendation for a affordable one please let me know. Just looking for best way to mine crypto on CPU at the moment, thanks. ''' Recent got free electricity, what’s the best way to start mining bitcoin or other crypto’s? Go1dfish undelete link unreddit undelete link Author: aDGNw
Hello everyone, I have started my own mining farm, since I live in a developing country and have access to free electricity. I have around 22 Antminer S9's and 8 Avalon 741 miners, but that is all I can have. I have spent all my budget and for the moment I can't expend more. Is any one else here in interested in joining me?
Is bitcoin mining profitable if electricity was free?
I've got an included electricity plan in my apartment, would buying a rig actually pay off well in this case? I could probably have 2 1500watt rigs without someone investigating why my electricity is so high!
I get free electricity at my college what would be the best bitcoin miner I could get for a good ROI as electricity efficiency doesn’t matter to me. I’m looking for a miner that has high hash power. I’m also a newbie to mining.
Im an over the road trucker. Any reason why I cant install a 2500 watt power inverter, install a rig on the top bunk in my sleeper and use my 50 gigs of tethering from my (Sprint) IPhone to start mining? Im thinking free electricity.. /r/Bitcoin
Is Bitcoin Mining Profitable Nowadays? As with every investment, Bitcoin mining is made for profit. The fact that it can be done anywhere with the Internet, electricity and processing power also creates different profit margins in different parts of the world. The difficulty in Bitcoin mining at market value determines whether it is profit or Bitcoin Mining Gets Popular on College Campuses for Its Free Electricity. Alex Gilarde, a senior at Fairleigh Dickison University, started mining cryptocurrencies in 2012, when it was still relatively easy to profit from the activity. Bitcoin was cheaper than $5 when he and his friends decided to venture into mining. Free Bitcoin Mining is a smart blockchain based Free Mining Pool for free cloud mining. We established in 2017. And we provides FGPA Mining, GPU mining & CPU mining possibility on the web. Hashing Power of active computer on the internet start processing the hashes and start mining free bitcoin without any investments on complex mining hardware. Free Bitcoin Mining Guide. Bitcoin Mining or Free Bitcoin Mining is the most important part of the bitcoin protocol. Without bitcoin mining, it is not possible to circulate new bitcoin in the market. In the beginning, you required a simple computer, but lots of things are changed in less than 10 years. How to Source Free Electricity for Bitcoin Mining. Nowadays with the heightened interest and the math problems in mining growing exceedingly difficult, outfits with more computing power have come to dominate this activity. It’s gotten to the point where mining centers have become the majority of the network. These are locations around the
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