I'd add that the figures may be accurate today, but tomorrow they'll be different - the fiat value valuation of the sats earned, the electricity cost (okay, tomorrow is a bit dramatic but it will change), and the amount of sats you get, which will definitely reduce over time - that being said, it helps decentralise the mining, is more energy efficient in that you're getting more out of the energy you're using and kyc free sats could bag a premium in exchange for whatever.
Talked with my brother nostr:npub1ajv7m32k0cpgzha32qszsh304qusjvwwmavus0ttktzldms4xzusuftppj at least 100 times about this, lol.
The major difference in cost is entirely with whether you get the heat from electricity or something much cheaper like gas. But dryers are *always* electrical. Which means miners are the perfect match. The one drawback is upfront cost versus the amount of time they will be idle.
The best value would likely be in a laundromat or something similar where they will have a higher time in operation.
(Also would need one of the pools that pay out per hash, rather than per block found)
Discussion
Yeah that’a a “drawback” as such, that the KYC Free sats would be sold to cover the cost will fluctuate. Perhaps I could offer the parents a premium for the sats, which would entice even more saving.
TBF, if you're stacking and happy to pay a premium to your parents that might possibly be a really smart move - since the likelihood is the price will multiply over time there's plenty of room for you to find the sweet spot they'd be happy at.
Another thing to consider is where you'll mine - if you're only running it in bursts you'd want a large pool which finds blocks frequently, otherwise you'll be wasting hashes some days.
I think that’s what I’ll do, thanks Matt! Helpful always.
I need to look into a pools a bit more, I get the concept but need to find out about a few of them and do some more research