[Cialug] Bitcoin mining

[Dave Hala]

I had considered burning junk mail. Given the amount I already get, it
would be fairly easy to get even more delivered to my house for free.

:) Dave

On Thu, Dec 11, 2014 at 11:29 AM, Matthew Nuzum <newz at bearfruit.org> wrote:
>
>> On Dec 11, 2014, at 11:14 AM, Lee Henderson <leemhenderson at gmail.com> wrote:
>>
>> As I haven't purchased or researched new miners in months (that might as
>> well be years in the Bitocin world) I won't give any recommendations on
>> what to buy.Though even a 1 TH/s miner would yield little profitability
>> under current conditions. The difficulty is simply too high, the BTC price
>> is too low and power costs catch up quick.
>>
>> Here is the most realistic calculator I've personally used.
>> https://tradeblock.com/mining/
>>
>
> Yet another case where time-travel would be awesome. :-)
>
> Though your comment about free electricity makes me think of an idea I've been working on where house-hold waste could be used to power an electrical generator. (no, not a Mr. Fusion) However, my idea involves creating ethanol which, as it turns out, is heavily regulated for some crazy reason.
> --
> Matthew Nuzum
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>
>
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>
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