Wait a minute, do you actually make money from setting up your PC to mine cryptocurrency?
I mean, all this cryptocurrency crap is a massive scam, but if part of the scam involves just running your PC to run mathematical equations without actually spending any of my own money other than on the equipment and power, I’d love to try that!
Maybe. I talked to a guy at our local computer shop about it. They had a rig set up to mine cryptocurrency (can't recall which). I asked how much they made, and he stated about $50 on that rig, then I asked how much extra the electrify cost them, he said about $45. I'm not sure if he was joking or serious. But it takes a lot of electricity to mine the stuff. Yeah, this guy may be making $800/month in crypto, but how much is he spending for the power to do so?
I mean, all this cryptocurrency crap is a massive scam…
Yeah because printing paper with dead presidents faces seem to be gaining more and more in value everyday!
you will mine less than the electricity cost to mine it.
Bullshit income numbers from Crypto mining on the 10 to 12 processors that could Cryptomine on the Teslas Entertainment, Drive, Safty systems would produce about 9 bucks a day at best.
There is something to buying or taking free electricity at EV/Tesla Rates and dumping the power into 100k of ASIC miners overnight in lue of powering your mineing operation at light industristrial or consumer rates. Mining operations work great in public housing or in a fraudulent situation where power is unmetered and goverment protected the utility with a credit to cover a fixed cost loss. Positions where cooling just drawing in large amounts of dry air from the outside and venting it a profit could be had in the price spikes. Perhaps just enough income to Lease 2 low end Teslas a free/discount electricity wheelbarrows. We sort of ignore how many of these schemes are putting non odometer wear and tear on the primary wear item of the Tesla battery packs.
You have to be clueless to use 35k of capital to make only 10 bucks a day while slowly destroying all the value of the 35k capital. The effort I guess is lower than lawn care business and you could sell off that worn battery pack on wheels to the next sucker.
No matter how I see the numbers, I still get the feeling that even a Tesla pack has 1000 deep discharges from 90% - 30% it is ready for another purpose were weight vs capacity no longer matters.
Some might get away with 2500 (Ten Years) with 90% - 60% dischareds. 85 kWh x 30 % = 25 kWH... or about 19.39¢ * 25 = 5 bucks a day if you pick up the power for free. Ten dollars a day on deeper cycle or moving the car twice a day. The use of the car is free for a few dozen hours a month, if it is the states and the bank capitol this might work for some people.
Stress the batteries past the natural deapration of a very low milage per day Model S and your just stealing unreported wear on future battery/car sale....a near fraud, but we are talking EVs were most of what you know is near fraud. The elecric household roof “free” solar lease, plus the Tesla lease with the insane residual values of today works for the mythical 200 mile a week driver.
At some point someone is going to build a 8 ton electric pickup truck with 500-1000 kWh of capacity and the fraud will be clear to all but the ultimate green supporters wanting to offer free electric charging. I can see a line of 8 ton trucks at the free chargers now.
The hackers will have 2000kWH shipping containers full of used Tesla Batteries ready to suck off the tit of Goverment or Utility driven Free.
Anything but electric town cars and fixed route vehicle would better by hydrogen powered solutions. Mass electric storage will be giving up on the batteries soon enough, with demand the battery raw inputs will be to expensive for all but the transport scooters of people with to much wealth.
Yes indeed. Coins like BitCoin are much harder to get into due to the number of "coins" already mined, but lesser coins like Ethereum, DogeCoin, LiteCoin, etc. are still ripe for the picking. If you mine enough and the price jumps, you could be sitting on a fortune.
I’ve been mining since January 2018. I’ve invested $33k in equipment and another 13K in electric. I took $50k out over several months in late 2021. With the down market I’m down to $176,000 in crypto currencies. I spent another $5,500 on 10 bobcat helium miners and awaiting their shipment from China (lead times of 12-24 weeks). I purchased another 9 video cards Chrismas week for less than $5k, and those prices are now back up 25%. So I’m running 39 cards. I get free electric on 16 of them. It takes me 45 days and $500 in electric to mine one Etherum - today’s price is $3,100 plus. It should go back to 5k soon.