Bitcoin mining fire hazard
Learn from my mistakes and don't burn down your house. A new mining device arrived in market. Bitcellminer Is that genuine? I love the idea using solar panels. Here in Holland the electricity is quit high about 0,20 euro ct. If its possible i want to have solar too. But this is a complete other thing to install and we probably need some professional help but i love to see how you do it.
I also believe that we would need to have a lot of solar panels to keep our rigs running. Because only one would not be enough.
Keep up the good work. I know it is more about the dangers due to improper wiring. But what do you think about immersive cooling in so called less flamable fluids to reduce fire hazard. Those have other great benefits, such as preserving electronics from oxidation, improved cooling, reduced coling costs etc. I came accross a good and safe solution - a specific brand of transformer oil with a high flash point and high fire point C and C OR F and F. Provided the wiring is done properly, with the flash point and fire point provided are there actually still any risk of fire hasard what do you hink?
Those modern transformer oils even self extinguish when the source of a fire is removed what is important. Using 10 gauge extension cords are fine. I've worried about this; The little shit-rig I have is fairly low power and watt but extinguisher might be a good idea. I trust fuses more than breakers in those regards Yep a fire extinguisher is recommended to have in hand when having more than a few video cards going.
I saw another video a guy is mining using instead of I highly suggest that. H's running everything on 1 circuit. Glad you followed up on my comment. I didn't want you to put your house and family at risk. If you still want to run Antminers in the garage, get an electrician to upgrade the electrical system there. Also there is POS coming So you will never return your investment and will end up with less ether than you thought you will have.
And don't dream that something will happen and you will have more That's the maximum, you could end up with less than that. So at the today prices you can buy directly the same amount of Ether and wait 1 Year for the price to go up! Other problems are that if you have working Rig at home that means a lot of heat in the summer, noise and safety problem when you go in a vacation or somewhere for the weekend you need to ask somebody to be close to your house, in the event your Rig Freeze and you don't know if there is a fire or what is the problem..
Conclusion make for yourself, i just posted something which is real world calculations Post edited by verjic on March It may not seem profitable based on todays numbers but what you forget is that value could increase 10 fold and what you mined would in turn be profitable.
Yes if you invested the money instead you could be further ahead but Like KeKe says, it's fun: Based off my trading history on polo my equipment has already been paid for. March edited March In one month that mines 0. There are so many coins out now, Some of them have to be profitable at some stage of their existence, Oh look there's "23" that are profitable today, Lets shut down our miners lol, Even if a coin is just below the profit margin, It's more than likely still worth mining, Because you'd pay more in fees buying the coin, Than the cost of mining it.
Diff rising, POS incoming What I said is that if you buy and sell later you will make at least the same amount of money in 1 Year or even more, than if you start mining! All other coins are profitable now because prices rise!. Do what you think is correct for you, I just showed you that buying is simple, fast and will give you bigger revenue in 1 Year for Ether, than mining. There was a long topic here with the same content almost one year ago. I started then, and made ROI, have a big stack of ether and many euros from selling.
And there are and will be many other pow coins, where you could later use your hashpower. Another use case will be the Golem network, and you can also crack passwords with the equipment. I did not say you will not ROI, I said there is a big probability, but I said that with the same money you invested in your RIG's, you can buy the same amount of Ether that you will produce in 1 year.
And how much you produced??? I am saying that to buy now is much better option, than start mining Mining will end soon, so I don't care at this moment about difficulty. Difficulty already is high So it's your choice I just rdp into my miner to fix any problems and have automatic startup scripts in case of power outage.. I feel way better mining the ETH instead of buying ETH directly, since my investment went towards my actual mining hardware, not into ETH which has the ability to crash at any time, my mining rig on the other hand can be resold granted for a lot less than what I bought it and also used to mine other cryptocurrencies I have 5 rigs in my guest bedroom.
Post edited by ethfan on March People have been saying this for years and years about GPU minings. It's apparently always too late. Yet somehow, litecoin wasn't the last profitable coin for GPUs to mine People said not to get into it last year..
Look now, super profitable.. So, you did not read what I said! If 1 year ago I would buy Ethers with money I invested in equipment and electricity, now I would have more Ethers than I mined! This is what I am saying! You do your own calculations! Point is that I was the same as you. I was a beginner and did not know how it works.
That's why I invested in Equipment. I did not know where the price will be But Ether at this moment proofed that it is a big Crypto and very popular. So the price will go high. I don't care what you will do The difficulty is high already, So if there will come 's of new computers, it will not make big difference in income.
But for you guys it will make difference, you can make big money easy and fast couple of years or months, depends of ETH price , or you can make some money in very long term