Has anyone attempted to pay people in cold places to install a compact ASIC like the Spondolies SP20 to heat up their homes?
This is how I see it can work.
1. Load the ASIC up with firmware that locks out the mining pool config from being changed.
2. Provide the "heater" (ASIC) for free, and pay for 50% of the electricity running costs.
3. Effectively mine bitcoins at 50% of the normal electricity costs, with no warehousing costs.
4. During spring, have the residents return the miners and ship them to another region that is now winter.
LOL This forum never cease to amaze me with stupidity. Why does mining attract all the stupid of the world?
50% of normal electricity rate is still 200% higher than the rates industrial mining farms pay
miners are depreciated faster then a season, a shipping and cost of time wasted will be negate any 50% electrical cost that you "save"
loan valuable good to "low income".....
You sir just took a high risk business venture and multiple the risk........ You're officially on my list of idiots (ignore list)
Hmm my response never made it, I disagree with you and you need to be way less rude. First of all where are you getting your rates from electric industrial farms because they don't save much more than standard, yes they are put in an economically viable area but the real reason this wouldn't work has nothing to do with electricity. It has to do with internet and shipping cost lets take a lost income home that can't even heat itself well and you want to use an asic that's fine but what makes you think they can have internet up 24/7 running it? That and the price of shipping the miner will instantly destroy and chance at a profit via the 50% electric cut.