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  3. Update: Mining crypto to heat my 1 bedroom flat

Update: Mining crypto to heat my 1 bedroom flat

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  • P [email protected]

    So a couple months ago i made this post

    I was downvoted pretty heavily by lemmy standards but there were a decent amount of constructive comments so i deduce that there is some interest in this topic, so thought i would update.

    I've gotten through the coldest months of the year here in the UK and i have been mining less and less as a result now that spring is springing.

    This isn't a professional set up at all, I have an AMD 3900x processor and a Radeon 6800X GPU. I decided to mine Raven on the GPU (seems to be a dead coin tbh) and Monero on the processor. I also have an old quad core intel media server that runs Folding@home in the same room, so generating heat, but not crypto income. As far as actual crypto earnings are concerned it didn't really yield a whole much; i am the proud owner of 546RVN (current market rate about $6.74USDT) and 0.033 XMR (approx $6.84USDT value). so not even going to bother selling it, will just hold it and hope it pops one day.

    The real return though is the reduction in electricity usage. The flat was kept not quite as warm as previous years but still warm enough to be comfortable so long as you wear socks and occasionally put on a jumper on the really cold days. With this experiment i was for the most part only heating a single room. As a result my power usage plummeted for the normally heaviest months.

    2024 peaked at around 1,100kWh in Jan normally heating my flat with its in built resistive element electric heaters (no gas here)

    2025 peaked at 800kWh in Jan

    Costs are generally averaged out over the course of the year here in the UK and my energy supplier has told me they're reducing my Direct Debit by -£30.48 a month, i'll assume this holds for the rest of the year.

    So with that in mind my net gain was (£30.48 * 12) + (13.58USDT converted to GBP at current rate of £0.77... £10.48)

    £376.24

    Admittedly there are other variables i'm not really controlling for, the cost of power peaked in 2023ish and have been reducing since for instance.

    i had fun though, will try again next year

    A This user is from outside of this forum
    A This user is from outside of this forum
    [email protected]
    wrote on last edited by
    #23

    In theory, the only difference between an electric heater and your computer, as far as actual heat goes, is the dispersal pattern. They will generate exactly the same heat: 1W of heat per 1W of electricity used. That's thermodynamics for you!

    You said:

    The flat was kept not quite as warm as previous years

    So I don't think it makes sense to assign any of the savings to using your PC vs your usual electric heaters. It's because you kept your place a little cooler, which makes an absolutely huge difference. When heating in winter, every additional degree of air temperature is more costly than the last, since heat loss is relative to the temperature differential between indoors and outdoors (i.e. a warmer room will lose more heat to the outdoors than a cooler room, so you need to generate more heat to maintain it).

    This sounds to me a lot like dieting. Most of the time, the success of a diet has less to do with the actual diet and more to do with the fact that dieting has made you more mindful and changed your behavior in other ways.

    The two biggest things you can do to save money on heating in winter are:

    1. Keep your place cooler. Wear warm socks, long sleeves, etc. instead.
    2. Improve insulation. Plastic window insulation kits are cheap and easy to install/remove. For doorways, you can get adhesive insulating foam to fill side gaps and a slide-on door sweep to cover any bottom gaps.
    I 1 Reply Last reply
    0
    • E [email protected]

      See? I don't mind what you say or what you may ask, so I simply choose to ignore you.

      S This user is from outside of this forum
      S This user is from outside of this forum
      [email protected]
      wrote on last edited by
      #24

      That's not ignoring though. You typed more words than them!

      E 1 Reply Last reply
      0
      • A [email protected]

        In theory, the only difference between an electric heater and your computer, as far as actual heat goes, is the dispersal pattern. They will generate exactly the same heat: 1W of heat per 1W of electricity used. That's thermodynamics for you!

        You said:

        The flat was kept not quite as warm as previous years

        So I don't think it makes sense to assign any of the savings to using your PC vs your usual electric heaters. It's because you kept your place a little cooler, which makes an absolutely huge difference. When heating in winter, every additional degree of air temperature is more costly than the last, since heat loss is relative to the temperature differential between indoors and outdoors (i.e. a warmer room will lose more heat to the outdoors than a cooler room, so you need to generate more heat to maintain it).

        This sounds to me a lot like dieting. Most of the time, the success of a diet has less to do with the actual diet and more to do with the fact that dieting has made you more mindful and changed your behavior in other ways.

        The two biggest things you can do to save money on heating in winter are:

        1. Keep your place cooler. Wear warm socks, long sleeves, etc. instead.
        2. Improve insulation. Plastic window insulation kits are cheap and easy to install/remove. For doorways, you can get adhesive insulating foam to fill side gaps and a slide-on door sweep to cover any bottom gaps.
        I This user is from outside of this forum
        I This user is from outside of this forum
        [email protected]
        wrote on last edited by
        #25
        1. Upgrade to more efficient heating methods, such as heat pump system instead of resistive heating.
        A P 2 Replies Last reply
        0
        • P [email protected]

          So a couple months ago i made this post

          I was downvoted pretty heavily by lemmy standards but there were a decent amount of constructive comments so i deduce that there is some interest in this topic, so thought i would update.

          I've gotten through the coldest months of the year here in the UK and i have been mining less and less as a result now that spring is springing.

          This isn't a professional set up at all, I have an AMD 3900x processor and a Radeon 6800X GPU. I decided to mine Raven on the GPU (seems to be a dead coin tbh) and Monero on the processor. I also have an old quad core intel media server that runs Folding@home in the same room, so generating heat, but not crypto income. As far as actual crypto earnings are concerned it didn't really yield a whole much; i am the proud owner of 546RVN (current market rate about $6.74USDT) and 0.033 XMR (approx $6.84USDT value). so not even going to bother selling it, will just hold it and hope it pops one day.

          The real return though is the reduction in electricity usage. The flat was kept not quite as warm as previous years but still warm enough to be comfortable so long as you wear socks and occasionally put on a jumper on the really cold days. With this experiment i was for the most part only heating a single room. As a result my power usage plummeted for the normally heaviest months.

          2024 peaked at around 1,100kWh in Jan normally heating my flat with its in built resistive element electric heaters (no gas here)

          2025 peaked at 800kWh in Jan

          Costs are generally averaged out over the course of the year here in the UK and my energy supplier has told me they're reducing my Direct Debit by -£30.48 a month, i'll assume this holds for the rest of the year.

          So with that in mind my net gain was (£30.48 * 12) + (13.58USDT converted to GBP at current rate of £0.77... £10.48)

          £376.24

          Admittedly there are other variables i'm not really controlling for, the cost of power peaked in 2023ish and have been reducing since for instance.

          i had fun though, will try again next year

          chaoscruiser@futurology.todayC This user is from outside of this forum
          chaoscruiser@futurology.todayC This user is from outside of this forum
          [email protected]
          wrote on last edited by
          #26

          That is so awesome! I’ve been thinking of the exact same thing for years. I already have a cheap source of heat, so there’s no need for a project like this. However, if I did live in a house with electric heating, mining crypto is exactly what I would do.

          I would probably make a dedicated server room, blow the warm air to other rooms through pipes etc. it’s a bit of a gamble though, because mining hardware costs something, and I don’t know if the coins would really be worth it. As long as it costs less than traditional electric heating, it should be worth it.

          M 1 Reply Last reply
          0
          • I [email protected]
            1. Upgrade to more efficient heating methods, such as heat pump system instead of resistive heating.
            A This user is from outside of this forum
            A This user is from outside of this forum
            [email protected]
            wrote on last edited by
            #27

            Yes, absolutely! I'm in a renter's mindset so I didn't even think of that.

            1 Reply Last reply
            0
            • R [email protected]

              If the primary benefit was reduced electricity usage, then that's not a function of crypto mining, that's just less heating. You would get the exact same results with an electric heater maintaining the same temperatures. You have demonstrated that turning the heat down by a few degrees can save a noticeable amount of money.

              You got some crypto out of it, about $13.50 worth, at the cost of whatever wear and tear and reduction in life your computer systems may have suffered, but in the end all you did was just put in a whole lot of effort to turn down the thermostat.

              P This user is from outside of this forum
              P This user is from outside of this forum
              [email protected]
              wrote on last edited by
              #28

              was fun tho. and if those coins do pop in future then i stand to make a decent amount of money.

              I've spend more on the lottery for worse odds

              E T 2 Replies Last reply
              0
              • I [email protected]
                1. Upgrade to more efficient heating methods, such as heat pump system instead of resistive heating.
                P This user is from outside of this forum
                P This user is from outside of this forum
                [email protected]
                wrote on last edited by
                #29

                Not possible where i am. i live in an apartment above a shop in a busy UK town. Attaching anything to the outside of my property requires expensive permission from the freeholder.

                Plus i want to move in the next year or so, so economically it wouldn't make a lot of sense for me to do it

                R 1 Reply Last reply
                0
                • R [email protected]

                  If the primary benefit was reduced electricity usage, then that's not a function of crypto mining, that's just less heating. You would get the exact same results with an electric heater maintaining the same temperatures. You have demonstrated that turning the heat down by a few degrees can save a noticeable amount of money.

                  You got some crypto out of it, about $13.50 worth, at the cost of whatever wear and tear and reduction in life your computer systems may have suffered, but in the end all you did was just put in a whole lot of effort to turn down the thermostat.

                  S This user is from outside of this forum
                  S This user is from outside of this forum
                  [email protected]
                  wrote on last edited by
                  #30

                  I keep space heaters in every room (except kitchen and bathrooms). Why heat the whole place when I'm just one person in one spot? (She bundles under blankets because the space heaters dry her skin, but similar end result.)

                  H 1 Reply Last reply
                  0
                  • P [email protected]

                    So a couple months ago i made this post

                    I was downvoted pretty heavily by lemmy standards but there were a decent amount of constructive comments so i deduce that there is some interest in this topic, so thought i would update.

                    I've gotten through the coldest months of the year here in the UK and i have been mining less and less as a result now that spring is springing.

                    This isn't a professional set up at all, I have an AMD 3900x processor and a Radeon 6800X GPU. I decided to mine Raven on the GPU (seems to be a dead coin tbh) and Monero on the processor. I also have an old quad core intel media server that runs Folding@home in the same room, so generating heat, but not crypto income. As far as actual crypto earnings are concerned it didn't really yield a whole much; i am the proud owner of 546RVN (current market rate about $6.74USDT) and 0.033 XMR (approx $6.84USDT value). so not even going to bother selling it, will just hold it and hope it pops one day.

                    The real return though is the reduction in electricity usage. The flat was kept not quite as warm as previous years but still warm enough to be comfortable so long as you wear socks and occasionally put on a jumper on the really cold days. With this experiment i was for the most part only heating a single room. As a result my power usage plummeted for the normally heaviest months.

                    2024 peaked at around 1,100kWh in Jan normally heating my flat with its in built resistive element electric heaters (no gas here)

                    2025 peaked at 800kWh in Jan

                    Costs are generally averaged out over the course of the year here in the UK and my energy supplier has told me they're reducing my Direct Debit by -£30.48 a month, i'll assume this holds for the rest of the year.

                    So with that in mind my net gain was (£30.48 * 12) + (13.58USDT converted to GBP at current rate of £0.77... £10.48)

                    £376.24

                    Admittedly there are other variables i'm not really controlling for, the cost of power peaked in 2023ish and have been reducing since for instance.

                    i had fun though, will try again next year

                    kbal@fedia.ioK This user is from outside of this forum
                    kbal@fedia.ioK This user is from outside of this forum
                    [email protected]
                    wrote on last edited by
                    #31

                    approx $6.84USD

                    Huh. So definitely not worth it then. Just buy a space heater instead. When I did it a few years ago I got $500 out of it, but it cost me a $350 video card which died soon after.

                    P 1 Reply Last reply
                    0
                    • L [email protected]

                      Then why are you here?

                      explodicle@sh.itjust.worksE This user is from outside of this forum
                      explodicle@sh.itjust.worksE This user is from outside of this forum
                      [email protected]
                      wrote on last edited by
                      #32

                      Because the votes are just for fun. Anybody could just make multiple accounts anyways.

                      1 Reply Last reply
                      0
                      • kbal@fedia.ioK [email protected]

                        approx $6.84USD

                        Huh. So definitely not worth it then. Just buy a space heater instead. When I did it a few years ago I got $500 out of it, but it cost me a $350 video card which died soon after.

                        P This user is from outside of this forum
                        P This user is from outside of this forum
                        [email protected]
                        wrote on last edited by
                        #33

                        could have bought yourself a £500 gpu after and mined even more then

                        1 Reply Last reply
                        0
                        • S [email protected]

                          That's not ignoring though. You typed more words than them!

                          E This user is from outside of this forum
                          E This user is from outside of this forum
                          [email protected]
                          wrote on last edited by
                          #34

                          I was feeling indulgent.

                          L 1 Reply Last reply
                          0
                          • P [email protected]

                            So a couple months ago i made this post

                            I was downvoted pretty heavily by lemmy standards but there were a decent amount of constructive comments so i deduce that there is some interest in this topic, so thought i would update.

                            I've gotten through the coldest months of the year here in the UK and i have been mining less and less as a result now that spring is springing.

                            This isn't a professional set up at all, I have an AMD 3900x processor and a Radeon 6800X GPU. I decided to mine Raven on the GPU (seems to be a dead coin tbh) and Monero on the processor. I also have an old quad core intel media server that runs Folding@home in the same room, so generating heat, but not crypto income. As far as actual crypto earnings are concerned it didn't really yield a whole much; i am the proud owner of 546RVN (current market rate about $6.74USDT) and 0.033 XMR (approx $6.84USDT value). so not even going to bother selling it, will just hold it and hope it pops one day.

                            The real return though is the reduction in electricity usage. The flat was kept not quite as warm as previous years but still warm enough to be comfortable so long as you wear socks and occasionally put on a jumper on the really cold days. With this experiment i was for the most part only heating a single room. As a result my power usage plummeted for the normally heaviest months.

                            2024 peaked at around 1,100kWh in Jan normally heating my flat with its in built resistive element electric heaters (no gas here)

                            2025 peaked at 800kWh in Jan

                            Costs are generally averaged out over the course of the year here in the UK and my energy supplier has told me they're reducing my Direct Debit by -£30.48 a month, i'll assume this holds for the rest of the year.

                            So with that in mind my net gain was (£30.48 * 12) + (13.58USDT converted to GBP at current rate of £0.77... £10.48)

                            £376.24

                            Admittedly there are other variables i'm not really controlling for, the cost of power peaked in 2023ish and have been reducing since for instance.

                            i had fun though, will try again next year

                            X This user is from outside of this forum
                            X This user is from outside of this forum
                            [email protected]
                            wrote on last edited by
                            #35

                            You're making just enough to cover the cost of the new GPU when they break due to being used as a heat source. 👍

                            1 Reply Last reply
                            0
                            • chaoscruiser@futurology.todayC [email protected]

                              That is so awesome! I’ve been thinking of the exact same thing for years. I already have a cheap source of heat, so there’s no need for a project like this. However, if I did live in a house with electric heating, mining crypto is exactly what I would do.

                              I would probably make a dedicated server room, blow the warm air to other rooms through pipes etc. it’s a bit of a gamble though, because mining hardware costs something, and I don’t know if the coins would really be worth it. As long as it costs less than traditional electric heating, it should be worth it.

                              M This user is from outside of this forum
                              M This user is from outside of this forum
                              [email protected]
                              wrote on last edited by
                              #36

                              As long as it costs less than traditional electric heating, it should be fine.

                              It would not. All work puts out an equal amount of heat for the amount of power drawn. A 1500 Watt electric heater will put out 1500 Watts of heat, and a 1500 Watt computer puts out 1500 Watts of heat, but only if it's putting in enough computing work.

                              That computing work might be worth something if you're lucky, which is where the actual savings are. OP ended up saving much more money from heating less than from earning any crypto.

                              chaoscruiser@futurology.todayC 1 Reply Last reply
                              0
                              • E [email protected]

                                I was downvoted pretty heavily by lemmy standards

                                You shouldn't really mind too much this echochamber, tbh.

                                N This user is from outside of this forum
                                N This user is from outside of this forum
                                [email protected]
                                wrote on last edited by
                                #37

                                People are, understandably, so tired of both blockchain, that posts on the topic will gather a lot of downvotes by the mere mention of it, even the few ones that are insightful and interesting, as opposed to the usuall techbro shill.

                                1 Reply Last reply
                                0
                                • P [email protected]

                                  So a couple months ago i made this post

                                  I was downvoted pretty heavily by lemmy standards but there were a decent amount of constructive comments so i deduce that there is some interest in this topic, so thought i would update.

                                  I've gotten through the coldest months of the year here in the UK and i have been mining less and less as a result now that spring is springing.

                                  This isn't a professional set up at all, I have an AMD 3900x processor and a Radeon 6800X GPU. I decided to mine Raven on the GPU (seems to be a dead coin tbh) and Monero on the processor. I also have an old quad core intel media server that runs Folding@home in the same room, so generating heat, but not crypto income. As far as actual crypto earnings are concerned it didn't really yield a whole much; i am the proud owner of 546RVN (current market rate about $6.74USDT) and 0.033 XMR (approx $6.84USDT value). so not even going to bother selling it, will just hold it and hope it pops one day.

                                  The real return though is the reduction in electricity usage. The flat was kept not quite as warm as previous years but still warm enough to be comfortable so long as you wear socks and occasionally put on a jumper on the really cold days. With this experiment i was for the most part only heating a single room. As a result my power usage plummeted for the normally heaviest months.

                                  2024 peaked at around 1,100kWh in Jan normally heating my flat with its in built resistive element electric heaters (no gas here)

                                  2025 peaked at 800kWh in Jan

                                  Costs are generally averaged out over the course of the year here in the UK and my energy supplier has told me they're reducing my Direct Debit by -£30.48 a month, i'll assume this holds for the rest of the year.

                                  So with that in mind my net gain was (£30.48 * 12) + (13.58USDT converted to GBP at current rate of £0.77... £10.48)

                                  £376.24

                                  Admittedly there are other variables i'm not really controlling for, the cost of power peaked in 2023ish and have been reducing since for instance.

                                  i had fun though, will try again next year

                                  S This user is from outside of this forum
                                  S This user is from outside of this forum
                                  [email protected]
                                  wrote on last edited by
                                  #38

                                  i was for the most part only heating a single room

                                  Have you made sure that your other rooms are not getting moldy? Cold air can't carry as much moisture so your walls, furniture, etc. might be getting damper than they should be.

                                  merde@sh.itjust.worksM 1 Reply Last reply
                                  0
                                  • P [email protected]

                                    was fun tho. and if those coins do pop in future then i stand to make a decent amount of money.

                                    I've spend more on the lottery for worse odds

                                    E This user is from outside of this forum
                                    E This user is from outside of this forum
                                    [email protected]
                                    wrote on last edited by
                                    #39

                                    distraction/diversion are little pieces of heaven that make life worthwhile in this painful and difficult world if you're not born into wealth or lucky circumstances; keep doing it no matter what other people say if it works for you and doesn't cause harm or loss to others.

                                    i got downvoted heavily for creating my own home router based on linux; but it works well (most of the time) and it has given me a project to focus on when i've needed the distraction myself many times.

                                    P 1 Reply Last reply
                                    0
                                    • L [email protected]

                                      Then why are you here?

                                      gustavom@lemmy.worldG This user is from outside of this forum
                                      gustavom@lemmy.worldG This user is from outside of this forum
                                      [email protected]
                                      wrote on last edited by
                                      #40

                                      For the same reason you typed this post.

                                      L 1 Reply Last reply
                                      0
                                      • E [email protected]

                                        I was downvoted pretty heavily by lemmy standards

                                        You shouldn't really mind too much this echochamber, tbh.

                                        gustavom@lemmy.worldG This user is from outside of this forum
                                        gustavom@lemmy.worldG This user is from outside of this forum
                                        [email protected]
                                        wrote on last edited by
                                        #41

                                        Truth be told, most folks aren't interested in having a conversation with strangers on the internet -- but "use" em as a scapegoat for their personal/irl issues. With that said, the logic behind "downvote-happy" users is simply, "Have this downvote because I'm feeling like shiz and I must downvote you so I can feel a false sense of superiority/intelligence over you and feel less like shiz.".

                                        1 Reply Last reply
                                        0
                                        • P [email protected]

                                          So a couple months ago i made this post

                                          I was downvoted pretty heavily by lemmy standards but there were a decent amount of constructive comments so i deduce that there is some interest in this topic, so thought i would update.

                                          I've gotten through the coldest months of the year here in the UK and i have been mining less and less as a result now that spring is springing.

                                          This isn't a professional set up at all, I have an AMD 3900x processor and a Radeon 6800X GPU. I decided to mine Raven on the GPU (seems to be a dead coin tbh) and Monero on the processor. I also have an old quad core intel media server that runs Folding@home in the same room, so generating heat, but not crypto income. As far as actual crypto earnings are concerned it didn't really yield a whole much; i am the proud owner of 546RVN (current market rate about $6.74USDT) and 0.033 XMR (approx $6.84USDT value). so not even going to bother selling it, will just hold it and hope it pops one day.

                                          The real return though is the reduction in electricity usage. The flat was kept not quite as warm as previous years but still warm enough to be comfortable so long as you wear socks and occasionally put on a jumper on the really cold days. With this experiment i was for the most part only heating a single room. As a result my power usage plummeted for the normally heaviest months.

                                          2024 peaked at around 1,100kWh in Jan normally heating my flat with its in built resistive element electric heaters (no gas here)

                                          2025 peaked at 800kWh in Jan

                                          Costs are generally averaged out over the course of the year here in the UK and my energy supplier has told me they're reducing my Direct Debit by -£30.48 a month, i'll assume this holds for the rest of the year.

                                          So with that in mind my net gain was (£30.48 * 12) + (13.58USDT converted to GBP at current rate of £0.77... £10.48)

                                          £376.24

                                          Admittedly there are other variables i'm not really controlling for, the cost of power peaked in 2023ish and have been reducing since for instance.

                                          i had fun though, will try again next year

                                          ? Offline
                                          ? Offline
                                          Guest
                                          wrote on last edited by
                                          #42

                                          Fun little project. Sure it is probably impractical, but you decided to try out an idea you had.

                                          Honestly that's exactly what I come to the internet for, to see little personal projects. Who cares if they work or not.

                                          I am sure you were at least entertained through the cold, and that is something a heater would not of done.

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