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RE: Mining Bitcoin at Home: Week 8 Update

in #mining7 years ago

Great question, @getonthetrain, thank you!

No ongoing expenses whatsoever. My electricity costs are included in the monthly rent, at a flat rate (that is, independent of the actual amount of electricity consumed). Thus, for the purpose of mining profitability calculations, earnings = profit. If it wasn’t for this particular circumstance – plus a bunch of other favourable factors, such as: the low price of the miner I found on eBay, no sales tax since the seller too was in the EU, no external PSU required, since the miner comes with two built-in ones, plus the cold Swedish winter that helps to keep the miner and the apartment cool – I probably wouldn’t have started mining at home in the first place.

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Interesting project and the "free" electricity is key to your success. Do you expect to be into profit in another 6 months?

@kus-knee (The Old Dog)

Yes, exactly. My rough calculations suggest that I should break even in the next 5–6 months. Or even earlier, if I decide to sell the miner before that.

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