A non-tech student wins a BTC miner and is already making a profit thanks to his university's electricity policy.
“I just looked up online, like, how to noise cancel S9, and this picture of a cooler on Pinterest popped up. Me and my Dad were like, ‘Let's build it. Why not?’ So we bought a $5 cooler on Facebook Marketplace and we had the tubes in our attic and we spent about two hours drilling holes and it ended up working.”
“So the miner is about 900 watts an hour, a mini fridge is about 60 to 100 watts a day. So it’s pulling a decent amount of electricity there. I looked up all the rules and it didn’t say anywhere you couldn’t mine a Bitcoin or use a Bitcoin miner. So if they say you can’t do this, I’d be like, okay, you didn’t say I couldn’t.”
The ASIC S9 now whirrs away, generating roughly 0.000001 BTC or 100 satoshis — the smallest amount of a Bitcoin — per Bitcoin block, which occurs on average every 10 minutes. It translates to “about a dollar a day” in fiat-money terms. It’s a paltry amount but not to be sniffed at as a student. “So I'll have to figure out something, maybe put it in a box of ice cubes and then something like that. I don't know yet.”
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