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Can it also cover the electricity used in mining?


Sure: http://www.alloscomp.com/bitcoin/calculator

The problem for miners is paying off their mining equipment from the daily profit before that equipment is obsolete and can no longer make a daily profit given the cost of electricity.


One thing to note about those calculations is that, if you're using electric heating, the energy you used to mine would of being used to heat your home. So it's not so much of a cost.


Product idea: electric heater that generates heat by mining bitcoins.




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