Edit: Looks like matheusmoreira below doesn’t understand a 500w electric heater and a 500w crypto miner produce the same amount of heat and use the same amount of electricity.
- They're much more expensive than normal heaters, and the returns on mining don't make it cost effective.
- If you've spent that much money on heaters/miners, you're going to want to max them out 24/7 before they become obsolete rather than just switch them on when its cold, which defeats the point.
- They'll also need to be upgraded every 6-12 months to keep up with the mining arms race, and no-one wants to have to replace their super-expensive heating system that often.
Not to mention how much precious time cryptocurrency shills waste, and dangerous greenhouse gasses they produce from all the hot air of their rancid breath, by droning on and on and on about cryptocurrency all the time, parroting all the lies they heard in youtube get-rich-quick pyramid scheme videos.
Another shill in this thread just mindlessly repeated the same old lie they parrot all the time:
>Crypto helps accelerate the growth, demand, and build-out of renewable energy.
That's like saying using more Cocaine helps you quit using Cocaine faster.
"Cocaine makes me feel like a new man. And he wants some too!"
In an unfortunate and unintended way, it's true...
And the absurd idea of using a crypto rig as a space heater has already been completely debunked in this thread. Go back and read it.
If it's such a great idea, then why doesn't everybody already have one or a hundred of them, huh?
matheusmoreira: Do you really believe in get-rich-quick schemes and perpetual motion devices and miracle cures, even when you can't seem to find any for sale that actually work? Then you must not believe in the free market, either. Is it easier to believe there's a huge well organized conspiracy suppressing these technologies, instead of simply the laws of physics and economics?
Go back and read astoor's comment again, which trixie_'s fancifully wishful reply simply doesn't refute. But of course you can't argue facts with a true believer.
https://news.ycombinator.com/item?id=29095560
>Theoretically if every space heater right now was also a crypto miner, it would make any dedicated mining operation completely unprofitable.
If your grandmother had wheels, then she'd be a bicycle.
https://www.urbandictionary.com/define.php?term=If%20my%20gr...
>Sir, this is a casino. Please direct your anger towards Wall Street.
POS = Proof of Shock:
Sir, this is a casino. Please direct your anger towards Wall Street.
Theoretically if every space heater right now was also a crypto miner, it would make any dedicated mining operation completely unprofitable.
> More like Proof-Of-Waste, both of precious electricity, and of precious rare earth elements and other materials.
Is it really a waste if the heat produced is useful?
> idea of using a crypto rig as a space heater has already been completely debunked
Where? I've read detailed posts describing that it probably wouldn't be as efficient as other heat transfer methods. Doesn't mean it is "debunked". I'm convinced it could work in certain circumstances, such as availability of free energy in the form of solar power.
> If it's such a great idea, then why doesn't everybody already have one or a hundred of them, huh?
I don't know. I've been wondering for a while. That's why I started a discussion. Maybe the idea is too new or there aren't consumer products in the market that make it easy for people to do it.