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Sound good, if you "marketize" your project into showing how you can "earn more money" even though its specific to Bitcoin earning, you could get more attract to the project and also raise the awareness of Bitcoin. Sound great to me, 2 bird one stone. Or 3 bird if you count your personal gain in the story.
The easiest way to do this would be to get 2 1.91v S5 which may be an hassle, and then the easiest way to downvolt one would be to use a 11v or 10v PSU, since using a step down is more work... but could be cool if you use more engineering-y hardware.
Maybe slap some external sensors with LEDs for the cool factor among today's kids or something.
And hopefully your stuff won't be stolen/sabotaged.
Very much on the right track here, I like where we're going now. That was the generalization given to me by the professor, since he's not very well acquainted with Bitcoin (well, frankly, I've only been in it for three weeks now... bought a U3... thought it was cool, bought three more, running off 12V supplies than run nearly 24/7 anyway, and it kept going), so he left the particulars up to me, but yes, in all reality it's a PR stunt. Attract students to the possible future of the financial industry and how it's affected by technology (we can only hope, block size debate notwithstanding).
The room is dead secure, there's also a HAM station in there that never gets used and has never been jacked. Have my license, but never been on the air. Campus security/PD is also on top of things around there too. Besides, at a half a million people, there wouldn't be anywhere to practically unload a stolen miner around here anyway.