Topic: i am literally thinking about renting a cheaper apt to continue mining (Read 809 times)
February 01, 2018, 10:43:34 AM
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.
February 01, 2018, 09:38:44 AM
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
February 01, 2018, 09:32:20 AM
the missing roof should aid in cooling your miners.
Lol.
February 01, 2018, 04:07:13 AM
the missing roof should aid in cooling your miners.
January 31, 2018, 07:17:02 PM
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.
Oh yeah, thinking it is probably good idea to rent a armored vehicle before entering the city just in case.
January 31, 2018, 07:15:14 PM
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
before i get this, i need to watch the movie from beg to end.
January 31, 2018, 06:52:08 PM
You literally gave zero details. How is anyone supposed to reply to this?
"YES GO FOR IT" ?
"YES GO FOR IT" ?
That is the correct response
January 31, 2018, 06:32:56 PM
thats when you your house with a 0% cc check as the mortgage and pay it off with your miners
January 31, 2018, 06:29:01 PM
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
Maybe he'll run into Eminem.
January 31, 2018, 06:24:18 PM
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
January 31, 2018, 05:34:20 PM
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.
January 27, 2018, 11:28:35 PM
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.
January 27, 2018, 10:52:04 PM
get that cheaper apt, and HASH AWAY. its your ticket to the moon!
January 27, 2018, 10:21:59 PM
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.
January 27, 2018, 10:18:35 PM
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.
January 27, 2018, 10:17:52 PM
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.
January 27, 2018, 08:36:01 PM
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?
January 27, 2018, 07:25:37 PM
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.
January 26, 2018, 10:41:49 PM
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.
January 26, 2018, 10:37:24 PM
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.
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.
January 26, 2018, 10:14:26 PM
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.
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.
January 26, 2018, 08:45:40 PM
I operate lower than 80% capacity, but I consider 80% my max for continuous usage. Any electrician in the United States is going to tell you not to operate at more than 80% capacity of your circuit continuously.
January 26, 2018, 08:35:48 PM
My condo unit is all amped up and more than I am concerned about blowing the circuitry. Based on calculation, if I rent low end 1bdrom or studio, I can put a several miners and still comes out with gain albeit less. Whatchu think? 
You shouldn't be concerned about tripping breakers. You should be operating at 80% of your capacity, so you don't have to worry about those things.
You didn't provide any numbers, whatsoever. How could anyone tell you if what you're thinking is a good idea or a bad idea with 0 as the number?
0=GREAT IDEA ... 0=HORRIBLE IDEA ... Without the variables, no one can calculate and provide an opinion.
80% is below the max but still sounds scary, considering this factors:
- It is older building, you dont know what is behind the wall whether wires get frayed or part of it get rubbed and or disconnected which will bring the strain and heat onto remaining.
- Currently no knowledge of how electrical system is built.
- It is running 24hrs and away from home for several days frequently so if anything heats up for any reason, it is huge risk: wires moved and caused GPU or CPU fan to get tangled causing overheat. Overheated wires that are unattended. Earthquake (yes common as hell in where I live) that can shake things around and tip over miner. Althought this can be a meditated somehow by running crontasks to reboot and interrupt and delay mining so that anything that overheat has a chance of cool down.
- Any flame or wire that is resultant can take few minutes to spread and damage is irreversible and life-altering.
I would go far below the limit since I am away from home from time to time and no body is around the home.
January 26, 2018, 08:20:05 PM
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.
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.
Normally I would not, and I think it depends on which geographical area. If the area's energy grid is overused or strained which I think tends to be in bay area, they might take some action, or perhaps not. I dont know.
In some places like they are trying to sell the excess energy where power plant is operating only fraction of percentage, thye probably not even going to care or even encourage. That seems to be the case with certain Canadian hydro power regions.
I do see your point. In CA for instance, you're already paying an astronomical rate per kwh compared to most other areas of North America. Someone posted on here in the past few days that was in CA and their high usage rate is over 0.30 kwh. I think it was 0.36. And what they considered high usage really didn't seem that high to me.
January 26, 2018, 08:07:04 PM
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.
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.
Normally I would not, and I think it depends on which geographical area. If the area's energy grid is overused or strained which I think tends to be in bay area, they might take some action, or perhaps not. I dont know.
In some places like they are trying to sell the excess energy where power plant is operating only fraction of percentage, thye probably not even going to care or even encourage. That seems to be the case with certain Canadian hydro power regions.
January 26, 2018, 07:36:31 PM
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.
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.
January 26, 2018, 03:03:45 AM
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.
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 am also putting each GPU in low power mode to maximize the efficiency so one miner with 4x gpu pulls out half KW so total of 16 GPU is about 2KW draw at this time. Considering 120V, I am assuming it is amperage is about 2KW/220v = 16.6A 24 hrs.
I distributed the load around the place by plugging only 1 miner per power outlet, however since I dont know how it is connected behind the wall (whether the two or multiple sockets are connected through same wire behind the wall). I might commission anohter miner totaling 2.5KW and I think I will call this a max at my place.
January 26, 2018, 02:29:49 AM
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.
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.
In norcal where pge owns and abuses the rate, 400% over baseline will trigger the whopping 40c/kw but even at that rate it is still pretty profitable.
Nigga you in NorCal home of the fucking Grow Op, do like everyone else and rent a space and don't grow weed, plant miners not clones and seeds.
*drops mic
January 26, 2018, 02:20:50 AM
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.
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.
In norcal where pge owns and abuses the rate, 400% over baseline will trigger the whopping 40c/kw but even at that rate it is still pretty profitable.
January 26, 2018, 12:03:07 AM
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.
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.
January 25, 2018, 11:48:25 PM
Ok i can not respond to every question here are the thing:
Yes i am considering to get a warehouse, or industrial but smaller space are harder to find and i am concerned there is a need to establish a business entity. Also prrof to pay the warehouse rental 3-5 years etc, it got bit too unyieldy, at home i have 16 gtx running to earn about 1500$ a month at a current rate. I sofor bought about 30 something Gtx1080 costing total of 25k meaning half of them are collecting dust doing nothing. But still i lucky took get most of them before current market almost doubled, 8 I cant just operate all of them because electric rate will go skyward and i am hearing reports public utilities get nosy around the usage.
Meantime i am considering to get 3-6 month of lease of additional studio at a rate of about 500ish and run the rest there.
Yes i am considering to get a warehouse, or industrial but smaller space are harder to find and i am concerned there is a need to establish a business entity. Also prrof to pay the warehouse rental 3-5 years etc, it got bit too unyieldy, at home i have 16 gtx running to earn about 1500$ a month at a current rate. I sofor bought about 30 something Gtx1080 costing total of 25k meaning half of them are collecting dust doing nothing. But still i lucky took get most of them before current market almost doubled, 8 I cant just operate all of them because electric rate will go skyward and i am hearing reports public utilities get nosy around the usage.
Meantime i am considering to get 3-6 month of lease of additional studio at a rate of about 500ish and run the rest there.
January 25, 2018, 10:36:50 PM
Good luck trying to get a rented residential space to upgrade.
January 25, 2018, 10:25:51 PM
Depending on where you live, it might be cheaper to get a small industrial space. Can even add more power to it from there if you expand. Would take a while to crunch the jumbers.
January 25, 2018, 10:00:44 PM
LOL, if you have such a big mining operation that you are afraid of tripping breakers or starting a fire, do you really think its plausible to live in a studio apartment with all of that equipment 20 feet from your bed?
He doesn't want to live in that studio apt does he? At least that's what I got out of his non sensical post. I thought that he wanted to rent the studio apt, just to host additional rigs that he can't host at his home, because he is maxed out in that location.
Who knows what he is thinking, i guess.
January 25, 2018, 09:54:43 PM
LOL, if you have such a big mining operation that you are afraid of tripping breakers or starting a fire, do you really think its plausible to live in a studio apartment with all of that equipment 20 feet from your bed?
January 25, 2018, 09:40:54 PM
Yes industrial space is great, but he said "several" miners ... WTF does several mean? I assume it means more than 1 and less than 50. There are no numbers involved. The fucking question cannot be answered without the numbers.
January 25, 2018, 09:28:14 PM
Maybe look into renting an industrial place with higher load service panel, find one that won't mind you living there.
January 25, 2018, 09:28:07 PM
Why not look into commercial space somewhere? You will get cheaper electric rates and if you have more rigs to put somewhere you should be able to make quite a bit more than stashing them in an apartment which may be limited on what it can hold.
January 25, 2018, 09:27:45 PM
My condo unit is all amped up and more than I am concerned about blowing the circuitry. Based on calculation, if I rent low end 1bdrom or studio, I can put a several miners and still comes out with gain albeit less. Whatchu think?
You shouldn't be concerned about tripping breakers. You should be operating at 80% of your capacity, so you don't have to worry about those things.
You didn't provide any numbers, whatsoever. How could anyone tell you if what you're thinking is a good idea or a bad idea with 0 as the number?
0=GREAT IDEA ... 0=HORRIBLE IDEA ... Without the variables, no one can calculate and provide an opinion.
January 25, 2018, 09:27:42 PM
You literally gave zero details. How is anyone supposed to reply to this?
"YES GO FOR IT" ?
"YES GO FOR IT" ?
January 25, 2018, 09:19:13 PM
My condo unit is all amped up and more than I am concerned about blowing the circuitry. Based on calculation, if I rent low end 1bdrom or studio, I can put a several miners and still comes out with gain albeit less. Whatchu think?
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