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Topic: i am literally thinking about renting a cheaper apt to continue mining (Read 803 times)

sr. member
Activity: 518
Merit: 250
Seems excessive just to move for the worry of your breakers? Im an electritian, these things can get fixed. Depending on if you rent or if you own your apartment. If you own it urself its really easy and ALOT cheeper just to up the breakers/wires. I dont live in the US and ur electrical system is compeletly fucked up with ur 110v. But should not be to much of a technical difference on the changing of fuses and wires.
hero member
Activity: 1036
Merit: 606
I'm considering moving to Detroit to buy old houses at~20k USD on a first home mortgage, mine in an unfinished room while upgrading the rest of the home, then sell and move everything to the next.  It seems like the best way to take advantage of the current markets and Michigan already has cold winters with high heating costs so mining as a form of heat is a plus. 

i am thinking about that too. But on a cash basis, it looks like many of the homes on low end are asking for cash only. Mortgages by the big stupid banks has become unbearable painful. I am  also doing some research on detroit (which area is good and bad etc.,) since I never lived there.

Send this guy on Youtube a message. He's originally from Detroit and can tell you were you should be looking.

https://www.youtube.com/user/DEMCAD
member
Activity: 644
Merit: 24
the missing roof should aid in cooling your miners.

Lol.
full member
Activity: 952
Merit: 175
@cryptocommies
the missing roof should aid in cooling your miners.
full member
Activity: 394
Merit: 101
there are literally houses that can be bough under 10,000$. There is one as little as 1500$ but its roof appears to be missing. So I think I will set the search range to somewhere between 5-20k$ and see what is coming up.

Oh yeah, thinking it is probably good idea to rent a armored vehicle before entering the city just in case.
full member
Activity: 394
Merit: 101
I'm considering moving to Detroit to buy old houses at~20k USD on a first home mortgage, mine in an unfinished room while upgrading the rest of the home, then sell and move everything to the next.  It seems like the best way to take advantage of the current markets and Michigan already has cold winters with high heating costs so mining as a form of heat is a plus. 

i am thinking about that too. But on a cash basis, it looks like many of the homes on low end are asking for cash only. Mortgages by the big stupid banks has become unbearable painful. I am  also doing some research on detroit (which area is good and bad etc.,) since I never lived there.

Get a place on 7 mile. I'm sure you'll be super happy Smiley

before i get this, i need to watch the movie from beg to end.
sr. member
Activity: 439
Merit: 250
You literally gave zero details. How is anyone supposed to reply to this?

"YES GO FOR IT" ?

That is the correct response
full member
Activity: 952
Merit: 175
@cryptocommies
thats when you your house with a 0% cc check as the mortgage and pay it off with your miners
member
Activity: 644
Merit: 24
I'm considering moving to Detroit to buy old houses at~20k USD on a first home mortgage, mine in an unfinished room while upgrading the rest of the home, then sell and move everything to the next.  It seems like the best way to take advantage of the current markets and Michigan already has cold winters with high heating costs so mining as a form of heat is a plus. 

i am thinking about that too. But on a cash basis, it looks like many of the homes on low end are asking for cash only. Mortgages by the big stupid banks has become unbearable painful. I am  also doing some research on detroit (which area is good and bad etc.,) since I never lived there.

Get a place on 7 mile. I'm sure you'll be super happy Smiley

Maybe he'll run into Eminem.
full member
Activity: 350
Merit: 100
I'm considering moving to Detroit to buy old houses at~20k USD on a first home mortgage, mine in an unfinished room while upgrading the rest of the home, then sell and move everything to the next.  It seems like the best way to take advantage of the current markets and Michigan already has cold winters with high heating costs so mining as a form of heat is a plus. 

i am thinking about that too. But on a cash basis, it looks like many of the homes on low end are asking for cash only. Mortgages by the big stupid banks has become unbearable painful. I am  also doing some research on detroit (which area is good and bad etc.,) since I never lived there.

Get a place on 7 mile. I'm sure you'll be super happy Smiley
full member
Activity: 394
Merit: 101
I'm considering moving to Detroit to buy old houses at~20k USD on a first home mortgage, mine in an unfinished room while upgrading the rest of the home, then sell and move everything to the next.  It seems like the best way to take advantage of the current markets and Michigan already has cold winters with high heating costs so mining as a form of heat is a plus. 

i am thinking about that too. But on a cash basis, it looks like many of the homes on low end are asking for cash only. Mortgages by the big stupid banks has become unbearable painful. I am  also doing some research on detroit (which area is good and bad etc.,) since I never lived there.
member
Activity: 644
Merit: 24
get that cheaper apt, and HASH AWAY. its your ticket to the moon!

Lol ... What will he do on the moon?  To my knowledge, there isn't anyone else living there full time.  Although, I have been looking at realestate up there.
jr. member
Activity: 141
Merit: 4
ethereum is a fork of ethereum classic.
get that cheaper apt, and HASH AWAY. its your ticket to the moon!
full member
Activity: 394
Merit: 101
another good venture to join force (fund and share risk) would be multiple miner renting the warehouse together. During my investigation 15-20k$ warehouses are what called class C in a run down neighborhood, would not want to put a several thousands of dollars worth of miners in that type of places. Decent class B/C places will skyrocket to 30-40k$ and even more at upwards of 50k$ year. In that situation, there should be some joint effort. Now with sharing space with strangers, foul play comes into play, in the case, the warehosue can be modified (or find existing) with several rooms with standard unit size where participants will put their equipment and lock the room. If any participant wants more space, he/she can simply rent add'l std size room.
full member
Activity: 394
Merit: 101
i am also considering seattle where there are rarely a sun (except few months during summer) but it is expensive there. There is no state sales tax.
full member
Activity: 394
Merit: 101
that might be a plausible plan, detroit is a dilapidated city with people fleeing, city official should expect the new ventures with open arm. Saying that, wonder which part of the detroit is relatively safe that thieves wont break into house and steal everything.  I'd consider to do that too. But if you have to account into the fact how good the internet service out there. 
legendary
Activity: 4326
Merit: 8950
'The right to privacy matters'
I'm considering moving to Detroit to buy old houses at~20k USD on a first home mortgage, mine in an unfinished room while upgrading the rest of the home, then sell and move everything to the next.  It seems like the best way to take advantage of the current markets and Michigan already has cold winters with high heating costs so mining as a form of heat is a plus. 

What would power cost in Detroit?

12 - 14 cents?
member
Activity: 644
Merit: 24
I'm considering moving to Detroit to buy old houses at~20k USD on a first home mortgage, mine in an unfinished room while upgrading the rest of the home, then sell and move everything to the next.  It seems like the best way to take advantage of the current markets and Michigan already has cold winters with high heating costs so mining as a form of heat is a plus. 

Make sure you install steel bars on all of the windows of those old houses in Detroit. 
full member
Activity: 952
Merit: 175
@cryptocommies
I'm considering moving to Detroit to buy old houses at~20k USD on a first home mortgage, mine in an unfinished room while upgrading the rest of the home, then sell and move everything to the next.  It seems like the best way to take advantage of the current markets and Michigan already has cold winters with high heating costs so mining as a form of heat is a plus. 
full member
Activity: 394
Merit: 101
I had to move my rigs out of my home into a warehouse because of the heat and electricity.  Trying to pull 20kW of juice from a residential area will likely trigger some red flags.

Commercial rates are better (where I'm located at least) at the high end as you may get discounted rates for consistent draw... I think my calculated rate is around 0.08 USD/kWh.

I don't understand why a mining operation would care about triggering red flags based on energy usage.  You aren't doing anything illegal, unless you're trying to get away with tax evasion, which you should not be doing.

I've read stories of people being harassed by their utility companies for excessive use of a service line.  I don't know if that's something that happens where I live, and I do not wish to test this theory.

the question is where and which utility.
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