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42 sats \ 1 reply \ @Ice9 OP 21 Oct 2024 \ parent \ on: Bitcoin heater 2024 edition bitcoin_Mining
I got it off ebay from seller "secondhandgpus". Sounded like it was from a mining operation in Quebec that folded, or was liquidating stock. $1,046 Canadian including shipping.
But yes, multi year cost recovery. I can run it as heat from Mid October - Mid April - so about 6 months. Call it $4.50 Canadian/day so make $800 or so for the 6 months at current BTC prices. Maybe we get a BTC price bump so MIGHT break even after two years.
However - we wanted to buy a heat pump or some other forced air style heating system anyway which is MUCH more expensive to set up. Easily 4 x more expensive if you go high end. Probably cheaper to run, but my thought was the extra cost savings which I keep in Bitcoin have a chance of appreciating over the next decade.
Tough to weigh all the options and potential outcomes.
All said, I'm confident this was the right choice from a long term financial view point. We might have been better off in 10 years just leaving the baseboards and keeping the $2000 in BTC - but it's quite amazing the difference forced air over radiant heat is making. It's worth whatever that ends up costing.
I've been thinking about setting something like this up also. Thanks for much for the detailed information.
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