If you use $200 worth of electricity from the electric company, and only pay them $3, you're stealing. Period.
It's impossible to justify that.
Do you know who you're stealing from? Everyone else in your area who pays for electricity (which is everyone else).
The electric company doesn't have a huge margin. They don't get their electricity free from magic Tesla boxes or something. In fact, they usually charge you their wholesale cost, plus a percentaqe for "delivery" which -- guess what? -- goes to pay for their very real, very legitimate expenses in keeping the electric grid operational.
Some electric companies might make a BIT of "profit" (maybe 10%?) -- others are co-operatives which means they don't aim to make a profit per se -- they keep any "extra money" in the company to be used for the benefit of the members. Either way, to take electricity without paying even the wholesale cost of it is stealing, just like breaking into a building and taking something that doesn't belong to you.
Topic: I have Free Electricity and think about mining - page 2. (Read 7871 times)
You ought to be ashamed of yourself.
If the landlord left his house unlocked, would you take advantage of that as well? Maybe help yourself to some valuables, maybe a bite to eat?
If the landlord left his house unlocked, would you take advantage of that as well? Maybe help yourself to some valuables, maybe a bite to eat?
How is that situation analogous in any way? Is talking a lot on a phone when you've paid for an "unlimited" plan the same thing as paying your bill with a stolen credit card? (It's not.)
I find that 5970s will be much better and the going prices are getting cheap.
6790's are pretty cheap, and the $/mhash ratio is one of the better ones too...
You ought to be ashamed of yourself.
If the landlord left his house unlocked, would you take advantage of that as well? Maybe help yourself to some valuables, maybe a bite to eat?
People like you make the world a worse place to live.
If the landlord left his house unlocked, would you take advantage of that as well? Maybe help yourself to some valuables, maybe a bite to eat?
People like you make the world a worse place to live.
I talked with the Landlore and he told me he has no intention to inform the Electricity provider about that. It's his responsibility and not mine. The bill is issued with his name.
With the price of BTC you'd be better off growing some nice skunky buds and selling them by the ounce.
With the current US labor market you would be better off running a kidnapping ring.
Breaking news at 11. Illegal activity tends to have higher profit margins.
With the price of BTC you'd be better off growing some nice skunky buds and selling them by the ounce.
With free electricity your goal should be the lowest price in $ per MH/s.
If it were me it would be entry level AMD board w/ 3 triple spaces PCIex16 slots, an AMD sempron, 2GB of cheapo ram, usb thumb drive running linux. I would grab 3 used cards from ebay. 5870s or 5970s. Pretty much nothing has a lower cost per MH.
Even still your are looking at 9 months payback for hardware so your need to be in it for the longhaul. If your goal is simply to make easy fast money and not care about bitcoin those days are gone.
If it were me it would be entry level AMD board w/ 3 triple spaces PCIex16 slots, an AMD sempron, 2GB of cheapo ram, usb thumb drive running linux. I would grab 3 used cards from ebay. 5870s or 5970s. Pretty much nothing has a lower cost per MH.
Even still your are looking at 9 months payback for hardware so your need to be in it for the longhaul. If your goal is simply to make easy fast money and not care about bitcoin those days are gone.
You ought to be ashamed of yourself.
If the landlord left his house unlocked, would you take advantage of that as well? Maybe help yourself to some valuables, maybe a bite to eat?
People like you make the world a worse place to live.
If the landlord left his house unlocked, would you take advantage of that as well? Maybe help yourself to some valuables, maybe a bite to eat?
People like you make the world a worse place to live.
I rented a new flat, and the other day the owner told me that there is something with the Electricity watch that whatever power the old renter consumed he always get $2-$3/month bills. So I have been thinking about mining since I have an almost free electricity.
I want to know what kind of hardware I need and how much it'll cost. I'll be glad to mine if I could make $50 (pays my Internet bill) but trying (http://bitcoinx.com/profit/index.php) it seems like HardWare costs will not pay off any quickly.
Any suggestions that I can profit from this situation?
I want to know what kind of hardware I need and how much it'll cost. I'll be glad to mine if I could make $50 (pays my Internet bill) but trying (http://bitcoinx.com/profit/index.php) it seems like HardWare costs will not pay off any quickly.
Any suggestions that I can profit from this situation?
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