[Cialug] Bitcoin mining

[Lee Henderson]

I love it! A junk mail fueled alternative energy powered Bitcoin mining
data center.

Jeffrey, there are some examples of solar and wind powered mining
operations. However they are generally small in scale and the initial
investment would wipe out any profits. Those who are generating profit had
existing sources in place.

On Thu, Dec 11, 2014 at 11:42 AM, David Champion <dchamp1337 at gmail.com>
wrote:

> You can make biomass bricks from scrap paper, junk mail, etc. I'm guessing
> it doesn't smell very good.
> Example:
>
> https://www.youtube.com/watch?v=2aLZ88_DZz8
>
> -dc
>
> On Thu, Dec 11, 2014 at 11:38 AM, Dave Hala <dave at 58ghz.net> wrote:
>
> > 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
> > > newz2000 on freenode, skype, linkedin and twitter
> > >
> > >
> > > ♫ You're never fully dressed without a smile! ♫
> > >
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