Using Crypto Mining to Pay for your Smarthome
TechBytes with Ron Nutter
Have you thought about Crypto Mining? Would you like to see how it can work in your smarthome? Want to know more about passive income? Stay tuned and I will show you how easy it is to mine crypto in your smarthome
⏱️TIMESTAMPS⏱️ 0:00 - Intro 1:28 - What we will be covering 2:00 - Smarthome Mining Blueprint 2:18 - Selecting a coin to mine 2:49 - Selecting exchange/wallet 3:52 - Selecting a mining pool 5:38 - Selecting the hardware to mine with 8:06 - Configuring the mining operating system
Platforms to Mine on • SmartPhone - slow, mostly for show • RPi - slow, limited to non gpu mining options • Compact PC - similar to RPi options • CPU - need something with a little beef • GPU - Gets a little pricey but you should get more rewards for the same work ○ You can leverage CPU mining gear in some cases and add GPU's to the mix • ASIC - dedicated to a specific crypto coin, may not be able to switch ○ GoldShell has small miners that can use ATX Power supplies § Can use either 110v or 220v
Expectations
- You wont get rich overnight
- Use what you have before buying anything
- 110v vs 220v
Process
- Identify coin to mine a. http://whattomine.com (one option)
- Create wallet (may be an exchange that receives it for you) a. Use 2FA to further protect account b. Get dedicated email (i.e. protonmail) for all crypto emails
- Windows vs mining OS a. Look at manageability vs updating OS and Miner b. HiveOS - minimal boot ssd on miner, combined OS/minder updates
- Configure miner a. HiveOS - use flight sheets to help manage process centrally
- Start Mining
- Monitor Power usage
- Evaluate profitability a. Short term - may not break even if price of coin is done (like now March 2022) b. Long term - staking/holding plus increase in price of coin
Tools
- Infrared Temp Gun Thermometer a. https://amzn.to/3C97d8y b. $15
- iFixit Moray Driver Kit a. https://amzn.to/3vAodU0 b. $20
- USB Meter, DROK Digital Multimeter USB 2.0 a. https://amzn.to/371jT63 b. $11
- Kingwin PC Computer Power Supply Tester, Digital LCD Screen a. https://amzn.to/3pAuHhY b. $15
- ElmorLabs PMD (Power Measurement Device) a. https://elmorlabs.com/product/elmorlabs-pmd-power-measurement-device/ b. $45
================================================ *** Show Notes, Links and Resources **** Here are the items mentioned in this video -
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