Post
Topic
Board Mining speculation
Re: To those who say mining is unprofitable:
by
cloverme
on 05/08/2014, 00:41:20 UTC
The best post I've read in ages!

99% of the  people who say, "I have free electricity" are in dorm rooms or apartments. And they have no idea just how much electricity it takes to earn significant BTC income. AND they have no idea just how much heat and noise mining will generate.

A standard dorm room's electricity will be capable of earning about $4.00 per day. An apartment, maybe 3 times that... before the landlord comes-a-knockin' and starts asking if you have a grow-farm in your apartment.

Heh or until they plug in that new miner and all the power goes out on the floor as someone tripped the 20A breaker.