Looking for Cheap Mining Equipment

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hodlgangMember
Posts: 107 · Reputation: 110
#1Jan 9, 2017, 10:27 AM
I’m in a federal school and we have constant free electricity. Planning to mine Bitcoin with it. Anyone know where to score some used mining gear without breaking the bank? Also, what’s the expected cost for all the necessary stuff?
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Posts: 55 · Reputation: 19
#2Jan 9, 2017, 03:05 PM
Check out eBay or the marketplace here. Great deals for ASIC miners. @Philipma1957 has been at this for ages, might have some spare gear too. Cost depends on how much mining power you want.
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#3Jan 10, 2017, 08:35 AM
In Russia, using free power for mining can get you in trouble. Article 165 from the Criminal Code covers property damage through deceit. Be careful, your rig is gonna be loud and noticeable.
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hodlgangMember
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#4Jan 10, 2017, 09:49 AM
I get that, but I’m not tapping into school power. It’s all from my dad’s house. Just trying to make use of the electricity we already have. Is that really illegal?
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pr0to88Member
Posts: 1222 · Reputation: 235
#5Jan 10, 2017, 11:28 AM
Let’s keep it focused on Bitcoin mining. If you can handle 205-240 volts, an Antminer S15 is solid, doing 22 TH and using 1100 watts on the low end. With free power, it might earn around $1.32/day.
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sam420Newbie
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#6Jan 10, 2017, 03:17 PM
But be careful. Your circuit breakers probably won't handle too much. If you're pushing it, might want to reconsider how many miners you can run at once.
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#7Jan 10, 2017, 08:46 PM
I mean, if you’re not careful, you could end up in a legal mess. If they find out you’re mining, could be seen as theft, even without specific laws against it.
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GigaOmegaMember
Posts: 137 · Reputation: 227
#8Jan 12, 2017, 06:44 AM
Not saying it’s right, but if you’re generating extra power, they’re likely gonna notice. Your electricity usage will spike, and they’ll get suspicious.
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#9Jan 13, 2017, 05:25 PM
What even is a 'federal school environment'? You mentioned your dad’s place. Just a heads up, using government-funded electricity for personal profit is probably illegal.
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just_bearMember
Posts: 11 · Reputation: 186
#10Jan 13, 2017, 08:43 PM
Assuming you’ve got the legal side sorted, how much power can you actually use? That’ll determine what equipment to buy. Just buying the cheapest isn’t the way to go.
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jakecobraFull Member
Posts: 326 · Reputation: 622
#11Jan 14, 2017, 05:44 AM
You can hide the heat and noise with water cooling. Just be sure your wiring can handle the load, or you might end up with a serious fire hazard.
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#12Jan 14, 2017, 08:32 AM
It’s cool to see newcomers getting into mining, but seriously think this through. Free electricity? It’s probably not as free as you think. Prepare for some consequences.
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sat_2018Full Member
Posts: 40 · Reputation: 325
#13Jan 14, 2017, 09:48 AM
Having reliable power is great, but there are other issues to consider. Especially in a school setting, security might be a concern. Keep it on the down-low.
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tony23Newbie
Posts: 14 · Reputation: 18
#14Jan 14, 2017, 01:40 PM
Yeah, it could backfire if someone finds out. Especially if you’re in a place with a lot of kids around. They might get curious and cause problems.
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GigaOmegaMember
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#15Jan 14, 2017, 06:25 PM
People can get really nosy. If you’re making money off mining while others are struggling to pay bills, it could create resentment.
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#16Jan 14, 2017, 11:27 PM
Sounds like you’ve got some misconceptions about free power. If you’re running ASICs 24/7, it’s not gonna go unnoticed. Check what kind of metering they use.
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#17Jan 16, 2017, 11:16 AM
Modern meters can track your usage closely. Old meters might not be as reliable, but if you’re mining, you’ll likely hit limits.
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#18Jan 16, 2017, 12:02 PM
Lucky you if electricity is actually free there. Know the basics though: internet, power supply, mining rig, and a wallet address are essential.
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pr0to88Member
Posts: 1222 · Reputation: 235
#19Jan 16, 2017, 01:41 PM
There are platforms where you can find mining gear, but make sure you do your research first. Don't just go for anything that looks shiny.
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jak31337Senior Member
Posts: 5 · Reputation: 880
#20Jan 16, 2017, 07:12 PM
You should double-check if that school electricity is truly free for personal mining. If they catch you, could face serious penalties.
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