Its winter in Australia, Sydney. And I have a choice, run a heater to warm the room, or run something that produces/does something and has heat as a Waste Product.
Welcome to bitcoin mining. The heater of the Internet.
Sadly the average person can’t mine anymore. The equipment is expensive and the return on investment low, however the average person can heat their home and play Bitcoin lottery with the cheap mining equipment on eBay.
Below is my new Rig, I mean heater:
This will soon be moved into our bubs room to provide lite background noise and heat, removing the need for the oil heater currently in the room and the noise from an old iPhone.
Maintaining your 3 hour hashrate average, this will take at least another 14 months, 2 days, 7 hours and 26 minutes at current network difficulty of 196,061,423,939.65 to get 0.04192960 BTC. $30 for 14 months work and a very expensive electricity bill.
Yet if I only turn this on when I would normally turn on a Heater, technically i’m in front. As this heater will pay money back AND heat the home.