Mining equihash @ 250 Watt ...steemCreated with Sketch.

in #mining9 years ago

I got the meter today and I can now measure my energy-intake from the wall.
It's more than i thought; 250 Watt is a lot ( I had estimated 200 ).

The rate keeps jumping up and down between 240 and 260.

I'm paying 0.28 Euro the kWh.

Mining 24 hours at 250 Watt -> 6 kWh.
That's 1,68 Euro/day in electricity.

The payout rate is constantly changing, but the last 4 hours I could watch it fall:

I'm now officially mining at a loss.

I will try some bios roms - I can still bring down the voltage.
I'm not sure if claymore miner will overwrite those settings, though.

The only other way to reduce costs would be better cooling.
I can still do a lot there and a 10 Watt fan could pay off.

I do need risers for that.

That's another 16 Euros a piece.

And I'm only making cents for profit at best ...
Since I'm mining into my Steem Power, I can still hope for a raise in value there.

Without blogging about it, this would be a failed experiment.
The experience is - of course - invaluable, but at this point, I can not recommend it.
The energy costs are just too high ( I expected that, though ).

When the risers arrive, I will put the whole rig into a custom case and try blogging about the process.

This could still be interesting for people, who have already written off their gaming hardware as a loss and want to just mine some coins without a need for high profitability.

If you have energy costs above $0.25/kWh then:

Don't try this at home

You will pay more than you gain :D

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Too many people like me have power included in rent, so we can sell our mined coins cheaper. Mining and paying for power would be rough.

If your electricty costs go up, will they not just raise your rent ?

lease... they need to notify 3 months in advance of a change in rent, and I can just say ummm nope prove it, then they have to take me to court and prove it... by then ive moved into a new place that pays for power.

I have 100% free electricity that's why I wanted to engage in bitcoin mining. I'm still on the process of acquiring knowledge base on which is which. I would appreciate any advice you have.

By the way, can I have the name of the store where you purchase the riser?

It's a german store, since I live in Germany.
I doubt it will be of any use for you :)

https://www.caseking.de/

I will take pictures and list my hardware properly soon.

@juvyjabian how is this possible - 100% free electricity? jumper?

No, part of company package.

@juvyjabian - I was like - woah
and you wrote it here - anyway, good luck

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