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Summary

The author of the article has utilized crypto mining machines to heat their home, generating passive income and building cryptocurrency assets while offsetting electricity costs.

Abstract

The author narrates their journey of converting their heating bill into a source of passive income by purchasing and setting up crypto mining machines. These machines not only provided heat during the winter but also generated a significant amount of cryptocurrency, which proved to be profitable. The article details the technical setup, including the use of ducts and fans to manage the heat produced by the miners, and how the author integrated the system with their home's central air to maintain a comfortable temperature. Over time, the mining operation yielded substantial returns, covering electricity costs and providing a net profit, despite market fluctuations. The author emphasizes the importance of persistence in mining, suggesting that purchasing hardware during market downturns and selling during peaks can be a lucrative strategy. Additionally, the author has transitioned to using advanced trading bots to further enhance their income from cryptocurrencies.

Opinions

  • The author believes that ASIC miners are simple to set up and can run with minimal maintenance.
  • They advocate for using the heat generated by mining as a practical and profitable alternative to traditional heating methods.
  • The author suggests that individuals should only undertake modifications that are easily reversible and within their capabilities, possibly with the help of a knowledgeable friend.
  • They highlight the importance of having a bypass system for temperature control to avoid overheating the living space.
  • The author expresses that despite the noise associated with mining rigs, the benefits of generating cryptocurrency while heating the home outweigh the inconvenience.
  • They view the downturns in the crypto market as opportunities to buy mining hardware at lower prices and later sell them for a profit when the market recovers.
  • The author encourages readers to continue mining as long as it remains viable, advocating for regular upgrades to mining hardware to maintain profitability.
  • They share their personal success story with mining and trading cryptocurrencies, suggesting that readers can achieve similar results by following their approach.

Heating My Home with Crypto Miners

In 2021, I turned my heating bill into passive income.

I also gave myself a nice start in the cryptocurrency game.

I purchased my first 5 crypto mining machines.

They were so easy to set up and get running, I was hooked.

ASIC miners are incredibly simple to set up. Once you have them set up, they pretty much run 24/7 without a lot of input. Every now and then you have to replace a fan, or a bad cable or power supply.

I bought more (all from Ebay sellers).

Eventually maxing out at 12 of them.

I acquired them in the summer when I didn’t need the heat, so I bought ducts, and vented them from my garage to outside, through a garage window.

I used a Hurricane Duct Fan from an old cannabis grow room to pull the hot air out fast.

Connected all the small 4" ducts to a box I made running into a 12” duct + fan.

Then winter came, and I had an idea.

What if I could hook these to my central air and heat my entire house?

It was time to try.

Most of this isn’t going to be up to code, so make it easy for yourself later — only do things you can easily reverse.

Drywall is pretty easy for me.

Modifying ducts is pretty easy too. If its not easy to you, ask a capable friend to help!

Tips :

  1. It is best to purchase a new duct box and modify and use that one. Save the original so you can swap back easily before you move.
  2. Create a bypass. This will act as the on/off switch for your heat. Your miners will run 24/7, and sometimes this is too much heat. Being able to redirect the main flow outside vs inside, will help you create temperature control.

This would keep my entire 1400 sq ft home at around 72–76 degrees, when temps outside were 20–30.

I would open the bypass when temps outside were in the 40s-50s, redirecting the air outside of the garage instead — to keep the heat balanced.

When temps outside rose to 50+, temps inside can rise to 80 or more if I didn’t bypass.

So, this was… a little manual for temperature control here.

I’m sure capable engineers out there might rig something truly awesome and beyond my skill, but I kept it simple.

So, what are the $$$ results?

In 1.5 years, my little mining farm generated about $1200-$1500 per month all together, more than covering the $500 electric bill, paying themselves off and generating about 10k profit in crypto holdings.

This was right when Doge took off and made these miners viable again. Currently, the L3+ model is no longer profitable. I have since upgraded.

At the two year mark, when the market dipped — they were generating enough to give a little profit and cover the electric bill.

So I started paying my electric bill out of pocket, just to keep the crypto, and I flipped out of my first L3+ miners.

And I bought more.

This time, newer models.

Heads up.

My house is….. a little noisy. By “a little noisy”, I mean it sounds like an airport runway in here.

But the noise is confined to the garage or my laundry room.

During times when mining is less profitable, I look at it this way: Would you rather pay an electric bill during the cold months, and have nothing to show for it?

Or would you rather be generating an asset to hold that tends to increase in value over time, and at least get something in return for your heating bill?

I chose to keep mining.

I am going to continue for as long as it’s viable, and keep upgrading mining hardware when I get the chance.

When the market went back up in 2023, my mined asset value increased to 40k.

If you start, don’t stop.

Everyone I know who sold their miners when the market dipped instead of plowing ahead, lost out.

Buy miners when the market is down. The hardware will be cheaper.

Run them until the market goes parabolic in a massive bull run.

Then, sell them.

When the market picks up, it may very well be possible to sell your used miners for more than you can during down times, flip out of them, and wait for the next dip to buy new ones.

Thank me later.

I used mining as my backbone to really put my skin in the game.

Think about it.

We all tell ourselves we will invest regularly, then things come up.

With mining, it’s just automatic.

Now I am increasing my balance by trading using advanced trading bots.

Thank you for reading!

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Until next time….

Onward and Upward Everybody!

-Chris

Crypto
Cryptocurrency Investment
Crypto Mining
Heating And Cooling
Heating
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