<div dir="ltr"><div style="font-family:tahoma,sans-serif" class="gmail_default">Yeah, it is all about hash rates and electricity rates.<br></div></div><div class="gmail_extra"><br clear="all"><div><div class="gmail_signature" data-smartmail="gmail_signature">Thanks,<br><br>Ron Singh<br>"in transit, via mobile comm device"</div></div>
<br><div class="gmail_quote">On Tue, Oct 10, 2017 at 3:44 PM, CrankyOldBugger <span dir="ltr"><<a href="mailto:crankyoldbugger@gmail.com" target="_blank">crankyoldbugger@gmail.com</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="ltr">I saw a similar argument regarding solar panels from a guy in Alberta who stated "if I lived in Ontario, these panels would have paid for themselves by now".<div><br></div><div>So what I understand from you, Ron, is that bitcoin mining is profitable if you don't have to pay Ontario electricity rates..</div><div><br></div><div><br></div></div><br><div class="gmail_quote"><div dir="ltr">On Tue, 10 Oct 2017 at 15:41 Ron Singh <<a href="mailto:ronsingh149@gmail.com" target="_blank">ronsingh149@gmail.com</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="ltr"><div class="gmail_default" style="font-family:tahoma,sans-serif">I have a friend in Calgary(flat rate of sub.$05/kwh) making $240 with 5 of the RX580 video cards. He is happy with the warming of his house due to the 780w draw of his rig. Mind you, he had 2800 tied up in hardware for his rig. It will take him about a year to recoup his capital costs and perhaps even more time if anything dies right after the 1 year warranty is over on his vid cards. I check my figures for 120v juice and I came up with an average of 17.7 cents/kwh over a 24 hour period in Waterloo with TOU and Hydro One's "Global Adjustment" extortion factored in.<br><br></div><div class="gmail_default" style="font-family:tahoma,sans-serif">I just don't see any payback doing mining in Ontario, especially with the proof of work demanding more gpu cycles as time goes on.<br><br></div><div class="gmail_default" style="font-family:tahoma,sans-serif">A mining farm in Alberta would be the ticket<br></div></div><div class="gmail_extra"><br clear="all"><div><div class="m_-10406319957572096m_4799956526310284887gmail_signature" data-smartmail="gmail_signature">Thanks,<br><br>Ron Singh<br>"in transit, via mobile comm device"</div></div></div><div class="gmail_extra">
<br><div class="gmail_quote">On Tue, Oct 10, 2017 at 3:19 PM, CrankyOldBugger <span dir="ltr"><<a href="mailto:crankyoldbugger@gmail.com" target="_blank">crankyoldbugger@gmail.com</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="ltr">While I'm very curious about bitcoin and related ecurrencies, I have to ask... is anyone here making any money off of this?<div><br></div></div><br><div class="gmail_quote"><div dir="ltr">On Tue, 10 Oct 2017 at 14:23 <a href="mailto:bob%2Bkwlug@softscape.ca" target="_blank">bob+kwlug@softscape.ca</a> <<a href="mailto:bob%2Bkwlug@softscape.ca" target="_blank">bob+kwlug@softscape.ca</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">I am not affiliated and saddened that simply buying the books does not load them into my brain, but if anyone is interested:<br>
<br>
<a href="https://www.humblebundle.com/books/bitcoin-cryptocurrency-books" rel="noreferrer" target="_blank">https://www.humblebundle.com/<wbr>books/bitcoin-cryptocurrency-<wbr>books</a><br>
<br>
<br>
Bob.<br>
<br>
<br>
<br>
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