Topic: MINING WITH FREE ELECTRICITY!! (Read 2896 times)

I dont want any money to send me. Dont you see the post that i say if you want to work eith me send me any minimg machine

Digitalord I am sorry but i havent seen your post.if you want to come,come and i will help you.read the comments! I have said that i am from albania.im not stealing peoples money. So fat i have send my valiubla info such as ID,PASSPORT,driver licence to two people but they weeent interested only wanted my info. So please dont judge me without knowing my intensions. If you really are interested PM and we will figur out how to deal

No one did any deal with OP yet. I think OP just want to steal peoples money.. I was really interested and I asked OP that I want to come there and we'll work together to make our mining workshop. but seems OP just ignored my Posts. and answering other users posts.. he's probably looking for some one who send him direct money. I don't think he'll buy any mining rig or something. and I don't even thing that he's have free electricity.

 I thought it was clear OP is Albanian.

Does anyone did a deal with OP? Is he legit or just want to steal peoples money? and where are you from Europe? Europe is very big with lots of countries. at least point out the country name if you can't share your exist area.

Double-checked the recheck and the math checks out. 

Yes, checked. Your math is right, but I had not the starting parameter 1000W (1KW) set like you changed it.
It was "One Ant S7" as base and so I am right. (was really afraid of typing something wrong in a hurry)

Antminer S7 has between 1300-1500wattage @wall (average is 1400 => thumb rule!)

(1400*24*30,5)/1000 = 1024,8 ~~> 1000 (thumb rule!)  
(wattage*dayhours*daysmonth) ... and /1000 to get kw and not w.

Please re-re-check if you think my re-check is wrong


Btw my average calculation has 732 hours / month. (24*30,5)
With 720 hours it would be 720*1400/1000 = 1008 ~~> 1000 kw/month --- anyways with thumb rule  

And 24,8 * 5cent or 8 * 5cent are nuts seen on a month
Even with 1450 TDP (average wattage) - I would use the same thumb rule as limit - but they dont reach 1450W if you drive an Ant @4,73 (or with recommended frequency and settings is better to say)

Check your math. There are ~720hrs in a month.
@.o5 / kWh * 720 = 36.0

Well. Sweden had a nice price drop, but not so much.
Industrial prices in 2014 were @ 6,7cent (EUR) per 1000wh (1kwh) for big player

Source ==> http://ec.europa.eu/eurostat/statistics-explained/images/6/6e/Half-yearly_electricity_and_gas_prices%2C_second_half_of_year%2C_2012%E2%80%9314_%28EUR_per_kWh%29_YB15.png

One Ant will eat you ~1000 kw/month (easy to calc - see by rule of thumb)
@5 cent it is EUR 50,-
@6 cent it is EUR 60,-
.
.
.
@9 cent it is EUR 90,-

If it is really "free" because of too much own production - perfect - but keep this in mind    

Anyways can you give some new informations for 2015 or the NOW (2016) about the industrial min. price? @Sweden ofc  

Yup, basement, but its not state rented so i dont want to burn the rentor, ill start with one for now and then if he is okay with it i think i have some places to do it.

Sweden, Norway in the past and Iceland sometimes have the power fee within the house rental, but they are most time limited.
One S7 is supposed to run on a 10A fuse (@220/230V).
In fact you can let run 2x S7 on a 16A fuse, but it has to be a fuse with special starting current. (sluggish is maybe the word; didnt know Tech. word for it - I just know how the power curve has to look while turning on the power - not a normal house fuse!)
If you use a normal 16A fuse and your power maybe went down for maintaince (can happen anywhere in the world) and the power will come back after 1 minute ... BOOM! ... dark
Maybe if you can do a delay of 30s between them it will be fine, too. (SSH / Telnet => Linux => possible without hardware costs)

1) How many dedicated power you have free?
2) You want to stay living there? Think on the daily peaks in the morning or afternoon you will need for a normal day (without mining). Either you do a shutdown if you need more power for yourself and an automated power on if you free the power again --- or you have to calculate fix with the peaks!  

But ofc if you have free 10A / 16A / 32A --- use it for 1x, 2x or 4x Antminer S7.
Even if it gets more and more unprofitable -> without any power costs you cannot loose.
And at the end it can warm up your house a bit on winter days (if you connect it smart).
You cannot LIVE next to those miners. Your ears will start to bleed
You need a special room / downstairs or a container in your garden

Hory shet, so there is people that actually do this? I dont pay electricity either but just because its included in rent, i would love to do this too,im also willing to be completly transparent, i live in sweden.

Well that's funny, you want people from here to invest on a supposed energy stealing scheme? Good luck.

HashNest already withdrew S5 from market because as they wrote: "AntMinerS5’s electricity fee is greater than 100% of mining revenues". They offer shipment for physical rigs. You can ask in their official thread if someone want give it to you. Maybe with free electricity it still can be profitable.

As long its free and you get a real job or a space to let it out i dont see it as a problem but as i reward,but sure the noise if you have small space how you wanna someone to became your partner with no space to let the miner running?Anyway to that work out would be need security and thats is something you said you havent ,but good luck anyway.

unprofitable i mean he mined only 70000 satoshis a day,it didnt worth to hear his noise all day for only 70000 satoshis

Meaning that you wanna a partner to make the investment and take the huge risk that somebody steal the equipment or even the polive corrupted can make it happen,soo besides that i dont see any advantages,and why your miner became unprofitable as you dont pay nothing for it?

you said it! It is only a big show in tv but we who live here we know that hte place will never go in order,we dont trust in police because almost all police is corrupted.if you want to tell something bad that you know for someone or if you have problems with someone we dont go to police but solve problems ourselvs

 No I didn't know that but they made a big show of the burning in the media.  It was on the BBC even.
So it really was to make European Union believe Albania is serious about joining the EU.

 Good thing you aren't drinking with any Macedonians.  They wouldn't like that kind of discussion
One of these days I'm going to have to slip across the border to visit Bulgaria.  I hear it is beautiful and warm by the Black sea even in October.
I think it would be nice to go to Beglik Tash for a beer but my wife wants to go to Nisipurile de Aur (Злaтни пяcъци)... maybe when I retire