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I heat my home by mining crypto currencies

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Re: I heat my home by mining crypto currencies

#381

Earlier quoted context omitted.

True, but very misleading. When you add a marginal kWh of electricity usage, how is that extra 1 kWh generated? If France runs its nuclear power at nearly 100% utilisation, then if you add 1 kWh usage then that power comes from another source, which could be a high CO2 emitter. The same goes for hydroelectricity: if all the hydroelectric power is already being utilised (no spillway), then you cannot claim that your e…

This is an interesting topic - I agree with your interpretation, but to add another wrinkle, I live in the UK which has a decent but not amazing proportion of renewable energy now. I pay a little extra to my supplier to provide me with "100% renewable electricity" - meaning that for every customer on that tariff, they total up the power usage and buy at least that much renewable energy from the grid. I assume that th…

"100% renewable electricity" obviously doesn't change where the electricity you actually use comes from. We certainly don't want the lights to go out and our oven to stop working just because it's a cold still night and all the hydro was used up. You would need to check the supplier's fine print very carefully if you actually decide you care what this means. The consumer magazine "Which" have attempted that for you if you subscribe, but basically buy from "Ecotricity" or maybe "Good Energy".

The most cynical thing your supplier could do in the UK is buy REGOs (Renewable Energy Guarantee of Origin). At that point the 100% Renewable claim would be legal, without any other effort. If that's all your supplier does it isn't worth a penny, we'll get to why below, but if they charge extra for the tariff based on REGOs it's pure profit for them I assure you.

A better thing they could do is arrange to buy in bulk from a renewable generator or (more practical for larger outfits) just own the renewable generator. This means their interests would at least somewhat line up with yours - if their renewable energy generators are cheaper they get to keep more of your money while offering attractive prices.

But back to REGOs. So, when you make renewable electricity in the UK you get REGOs, and you're allowed to sell them. You could sell your electricity with the REGOs, here you go, 100% renewable electricity. Or, you could snip the REGOs off, sell those to anybody who wants them, and sell the electricity as just electricity, which people wanted anyway.

If "100% renewable" was in very high demand this wouldn't be a problem, a handful of more expensive suppliers would bid for the REGOs, and this would create pressure to deploy more renewable power.

But in the UK the vast majority of households use the incumbent supplier. What does "incumbent" mean here? Well, historically the UK had regional monopoly suppliers who both billed consumers and handled the last mile distribution infrastructure that actually means electricity works in your house. But the Conservative party believes strongly in Free Market principles, even where there's no evidence they would help. So, it privatised the industry, giving away national infrastructure for a song and creating dozens of private companies that notionally can compete to supply electricity. Except of course your actual supply is the same as ever, there is still a monopoly last mile supplier, it just doesn't deal with consumers. What had been the regional suppliers were now private companies that had "grandfathered in" millions of residential customers in their region, but were free to compete to "supply" customers anywhere.

All these companies immediately offered somewhat lower prices to anybody who'd switch, and began raising the prices for those who didn't switch. Switching is annoying (despite efforts to make it simpler it cannot be entirely painless) and so most people never switch. Sounds like you have, so immediately you're not the usual case. They also began aggressive (indeed sometimes outright illegal) campaigns to keep "their" customers and prevent defection to rivals.

So today the situation is that essentially every company advertising their prices to you offers 100% Renewable Energy, because they're buying REGOs for customers like you (and me). They can get REGOs very cheaply because they don't need very many because there are so few customers like us.

And the vast majority of households aren't on any of those supply contracts, they have a "legacy" contract that's more expensive. And so in practice when it's cold and dark the coal and gas power stations are cranked up exactly the same but on paper we can blame those millions of people not all of us with our cheaper 100% Renewable contracts...

The climate is not so easily fooled.

Re: I heat my home by mining crypto currencies

#382
post #311

Earlier quoted context omitted.

You will be pleased to know that the majority of heat pumps are installed in homes whose exteriors stay above 0 kelvin year round. Also, in what I assume is an efficiency feature, most heat pumps do not allow operation in a zero Kelvin environment. Also, to nit pick: Kelvins are not degrees and do not use a ° sign.

Damn, I've been looking for a zero Kelvin heat pump that works in a vacuum to heat my spherical cows.

Are you trying to liquify vacuum? It's challenging. Try to use a heat pump based on the Casemir effect, fluctuating virtual particles violate the energy conservation of the system for short periods.

Re: I heat my home by mining crypto currencies

#383
post #318

Earlier quoted context omitted.

Nicehash (the app) is a convenience tool to manage miner executables -- it's mostly those that are flagged by AVs. You can connect most miner executables to Nicehash (the service) or other pools directly, and some are open-source. For instance I GPU mine with https://github.com/ethereum-mining/ethminer and CPU mine with https://github.com/xmrig/xmrig , both built from source and I don't use Nicehash (the app). But I…

This is interesting, so I could run the NiceHash app (which doesn't require an AV exception) and have it mine using open source miners which I have built myself?

Not really - each miner (and versions of them) may have different command line arguments or monitoring APIs Nicehash wouldn't know about, so it's going to be more trouble than it's worth. I meant just starting them from the command line:

ethminer.exe -P stratum2+tcp://@daggerhashimoto.usa.nicehash.com:3353

Re: I heat my home by mining crypto currencies

#384
post #302
post #289

Earlier quoted context omitted.

Definition of efficiency (from Google): the ratio of the useful work performed by a machine or in a process to the total energy expended or heat taken in. Heat pumps are >100% efficient. Usually, we cannot convert all input energy into useful work, so efficiency is always 100% efficiency.

> or heat taken in.

Ambient heat is not a "heat taken in", because you don't need to supply it. Usually, heat is taken out from the system and dissipate as ambient heat, so a heat pump can use the same heat again and again, without exhausting of ambient heat.

Re: I heat my home by mining crypto currencies

#385

Earlier quoted context omitted.

A signed binary won't help. Cryptominers fall into the "Potentially Unwanted Program" category, along with remote access software like a VNC server. They're not malware, but can be installed maliciously. If Windows Defender finds a cryptominer, it has no way to determine if it was deliberately installed, so it flags. Manually excepting the directory NiceHash installs the miners is the only way around it.

I wonder if other actual malware now actively looks for that directory to opportunistically install itself into if available?

Yes this would be my concern!

Re: I heat my home by mining crypto currencies

#386

Earlier quoted context omitted.

You will be pleased to know that the majority of heat pumps are installed in homes whose exteriors stay above 0 kelvin year round. Also, in what I assume is an efficiency feature, most heat pumps do not allow operation in a zero Kelvin environment. Also, to nit pick: Kelvins are not degrees and do not use a ° sign.

And, as a bonus efficiency feature, most heat pumps are installed with the condenser external to the home! Yes, if you draw an imaginary box around the home and the outdoor/underground condenser, they're exactly 100% efficient, but if you only consider the inside of the home and ignore that the condenser is taking in heat energy from the outside, they're more than 100% efficient.

Anecdotally, I have come across hotel bar fridges running in entirely enclosed cupboards. Even the power cord exited the box with a rubber seal.

Nice attention to detail in physical craftmanship though!

Re: I heat my home by mining crypto currencies

#387
post #316

Earlier quoted context omitted.

True, but very misleading. When you add a marginal kWh of electricity usage, how is that extra 1 kWh generated? If France runs its nuclear power at nearly 100% utilisation, then if you add 1 kWh usage then that power comes from another source, which could be a high CO2 emitter. The same goes for hydroelectricity: if all the hydroelectric power is already being utilised (no spillway), then you cannot claim that your e…

Your entire assumption is that France nuclear is at 100% utilization. While utilization%s aren't publicly available, from this graph on Wikipedia about TWh produced [1], you can see that Nuclear has upside capacity, and was probably never 100% utilized (it's the main baseload, thus the biggest buffer option). So the assumption that any marginal utilization is non-nuclear is flawed. [1] https://en.wikipedia.org/wiki/E…

Rather than an unrelated graph on Wikipedia, try looking at for example electricityMap::

https://www.electricitymap.org/zone/FR

What you'll see there is as you'd expect if you understand how fission power plants work and how economics works for electricity supply. The nuclear plants may not be running at what is notionally 100% nameplate power output but they are not in fact being used as a "buffer option" very much.

That big yellow-green splodge on the "Origin 24 hours" chart? That's nuclear power. Varying, maybe +/- 2GW , but nowhere close to enough to offset France's varying power requirements over the course of a day.

France's (much fewer) gas turbines are much more able to spin up and down quickly to benefit from transient utilization and so they, together with the interconnects possible due to France's relatively central location (the UK to the West, Germany to the East, Spain to the South) allow it to manage well on most days without tinkering with the power efficiency of the fission generators.

Re: I heat my home by mining crypto currencies

#388
post #289

1. At an individual/hobbyist level this is a fine thing to do, if one is already a cryptocurrency enthusiast. 2. At a social/planning level it is important to remember that opportunity costs matter, and this should not be recommended as public policy. One kWh of electricity could either be used for mining bitcoin (creating at most one kWh of indoor heat), or it could be used for running a heat pump[*], yielding multi…

Definition of efficiency (from Google): the ratio of the useful work performed by a machine or in a process to the total energy expended or heat taken in. Heat pumps are >100% efficient. Usually, we cannot convert all input energy into useful work, so efficiency is always 100% efficiency.

Totally agreed but I wonder is it applied to extremely cold situation. Possibly outside unit produce heat but not all heat supplied to room.

Re: I heat my home by mining crypto currencies

#389

I did this in an apartment I lived in years ago, and do it now in my house. My computer room in the house is the lowest point in the house, so naturally, it tends to be a couple degrees cooler than the upstairs. This means that if I set the thermostat so that the computer room is comfortable, the bedroom is too warm. If I run the house circulation fan constantly, it's not an issue, but that consumes a decent amount o…

I have a 3090 and cheap-ish electricity. Is it actually worth doing GPU mining again? I thought that died out long ago.

The 3090 runs super hot. You probably want to look into a heatsink/fan for your vram.

https://www.reddit.com/r/EtherMining/comments/loxagu/improve...

https://www.tomshardware.com/how-to/optimize-your-gpu-for-et...

Re: I heat my home by mining crypto currencies

#390

1. At an individual/hobbyist level this is a fine thing to do, if one is already a cryptocurrency enthusiast. 2. At a social/planning level it is important to remember that opportunity costs matter, and this should not be recommended as public policy. One kWh of electricity could either be used for mining bitcoin (creating at most one kWh of indoor heat), or it could be used for running a heat pump[*], yielding multi…

OP is in Austria where it often gets below freezing.

Air/air heat pumps and ventilation heat exchangers tend to freeze up when it gets too cold. So heat pumps often need to run in reverse (to melt the ice on the condenser) and heat exchangers need to pre-heat air with resistive heating to prevent ice build up.

If he can pre-heat the air with a crypto miner that would be better than either of the above.

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