Shameless repost for better visibility:

- PV-Mining Box Thread☀️⛏️ - Part #6:

I saved 16,87€ by PV mining last month with old and inefficient S9 miners. How the fuck is that possible!?

Let’s have a look at my mining rewards of the last month. February 2023. Numbers!

February’s weather was surprisingly nice. After all it’s a winter month, one of the 4 worst months for PV power production in the northern hemisphere.

Averages per month:

⚡️ 3,3TH/s hashrate

⚡️ 273W power consumption.

Averages per day:

⚡️ 6,5 kWh per day, which were used to heat my livingroom

⚡️1011 Sats per day (or 0,00001011 BTC)

Cost:

⚡️195 kWh Power consumption by 2xS9 miners

⚡️ „price“ of 1kWh of my own solar power is 0,067€ (as I could sell it for that price to the grid, if I wouldn't consume it myself) - that’s 13,13€ total.

⚡️0,00030317 BTC earned in total. ~6,60€ (at 22.000€ per BTC)

⚡️That‘s a loss of 13,13€ - 6,60€ = 6,53€ right?

WRONG! Because I also had to buy 195 kWh of natural gas LESS to heat my living room!

⚡️gas price is 0,12€ per kWh atm (german issues…). So I saved 23,40€ in heating cost while mining.

🧮 SO IN TOTAL, mining saved me 23,40€ - 6,53€ = 16,87€ in February 2023.

And that’s so fucking cool… ⚡️💜🧡🔥

And as a side effect I also:

🧡 helped securing the finality of BTC transactions and

🧡 stole some rewards from C02 emitting miners and

🧡 raised the percentage of green mining. It's around 53% atm! Have a look at #[0] 's latest notes…

Next part of this thread will be about beneficial mining pool pay-out rules for PV mining.

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Discussion

So cool. We’re going to need a way to represent emissions reduced through displacing fossil fuel heating sources with electric heating sources.

My model doesn’t factor that in currently so will be under-representing emission abatement.

Woah, you're totally right. I completely forgot to think about the CO2 emission that did not happen because of the miners heating my room instead of gas. 🤯