dsbatten on Nostr: S9 miners just hit $69 That means you could in theory use one as a home heater and ...
S9 miners just hit $69
That means you could in theory use one as a home heater and it’ll pay itself off in just over a year.
Here’s how
As S9 is basically a 1300W resistance heater that mines bitcoin on the side.
Amount of bitcoin available to be mined this year: 328500 (6.25 every 10 mins)
S9 Hashrate: 13 Th/s
Current network hashrate: 358.6 Eh/s = 358,000,000 Th/s (168hr moving avg)
So assuming the S9 belongs to a pool if it were switched on all year it will mine around
(13x328500)/358,000,000 BTC = 0.0119 BTC =$325 (just under a dollar a day)
Assuming you use the heater 20% of the year for heating as the primary purpose (BTC mining a side benefit) then that’s $65 a year, so it’ll almost pay itself off.
A one year ROI.
Of course it will be a bit noisy 🤣🤣
That means you could in theory use one as a home heater and it’ll pay itself off in just over a year.
Here’s how
As S9 is basically a 1300W resistance heater that mines bitcoin on the side.
Amount of bitcoin available to be mined this year: 328500 (6.25 every 10 mins)
S9 Hashrate: 13 Th/s
Current network hashrate: 358.6 Eh/s = 358,000,000 Th/s (168hr moving avg)
So assuming the S9 belongs to a pool if it were switched on all year it will mine around
(13x328500)/358,000,000 BTC = 0.0119 BTC =$325 (just under a dollar a day)
Assuming you use the heater 20% of the year for heating as the primary purpose (BTC mining a side benefit) then that’s $65 a year, so it’ll almost pay itself off.
A one year ROI.
Of course it will be a bit noisy 🤣🤣