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₿logging₿itcoin 1y ago

My AC busted.

The technician says I need a new AC and furnace.

He said the price was $16,000(27 million sats).

$208 per month for 15 years.

If I need a furnace too, I want it to mine bitcoin, but this dude said regulations blah, blah, blah.

I need a second opinion and my thinks I will burn down the house.

I also ran the numbers on heatbit heaters.

I can profit about 300,000 sats per month, ith 4 heatbit space heaters. Of course, I don't really plan to sell sats to pay my electricity bill, but 300k sats assumes I will.

My electricity cost would he about $150(257,000 sats)more than my gas, so I might only net 40k sats per month, but it's still profitable. I also think this is somewhat off set by the fact I don't actually plan to run it as much at night and my electricity is cheaper during the day because of solar.

Has anyone else run the numbers on heatbit heaters?

#asknostr

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Discussion

Dimi 1y ago

You can pick these s19s up for like $2-$3/th. https://video.nostr.build/8c12b094dab352e7d75b11f69ec157599ba9267e80a31bc7911c8bb50ce7efe7.mp4

₿logging₿itcoin 1y ago

So is this like your "furnace?"

Dimi 1y ago

Not mine, but yeah. 10kw

₿logging₿itcoin 1y ago

Thanks for showing me this. This is exactly what I want. I know Guy Swann has something like this. I just need to figure out how to get this installed.

Dimi 1y ago

I’d start by asking how much 3 20a breaker installation would be, located somewhere near the existing furnace.

₿logging₿itcoin 1y ago

Thanks.

Student of Life 1y ago

I ran the numbers a while back and it would at best break even, my other scenario is buying a cheaper regular space heater and saving the rest in BTC. With the current mining landscape you probably wouldn’t end up with any extra bitcoin. But it could be a fun learning opportunity, and contribute towards the decentralization of mining.

₿logging₿itcoin 1y ago

I also ran the numbers. I will only make a little and I'd the price drops, I will be in the red, but I would rather spend a $3,000 on a heater that pays me sats than $8,000 on a heater that pays no sats.

I either need to sell 13 million sats to buy a normie heater or finance it at 12.9% interest.

This option was less attractive when I could get 0% interest loans, but the tides have turned.

Student of Life 1y ago

If the Normie heater cost more then it’s a no brainer. Happy mining ⛏️

₿logging₿itcoin 1y ago

Thanks. The wife is less enthusiastic about this plan so we'll see. :)

Symbiolosopher 1y ago

I'm 8 years into running the old ac unit after being told by the technician that I need a new unit.

₿logging₿itcoin 1y ago

My AC was built in the same year Eric Hughes wrote A Cypherpunk's Manifesto. How much longer can it really last?