Bitcoin mining in a university dorm: A cooler BTC story

2023-01-30 22:07:21 By : Ms. Rachel Yang

Here is why a run-of-the-mill cooler is actually the perfect home for a dorm-based Bitcoin miner.

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Bitcoin mining in a university dorm: A cooler BTC story

The humble university dorm is a place for students taking their undergraduate degrees to study, rest, make new friends, host wild dorm parties and, of course, mine Bitcoin (BTC). 

A master’s student in market research and self-described “data guy,” Blake Kaufman, has hooked up an S9 Bitcoin miner to the Bitcoin network.

He won the S9 miner in a raffle at a mid-Michigan Bitcoin meetup and immediately set about learning how to use it.

Blake has consistently shown up to every https://t.co/2Q6OuIwW4O event with at least one friend, a tremendous attitude, and unmatched enthusiasm. Glad you won the S9 raffle! Hash away at those KYC free sats, and enjoy the heat this winter! https://t.co/AQNzDjnDGC

During a video call with Cointelegraph, Blake joked that he knew next to nothing about mining prior to the raffle. The moment he won, he raced to the nearest place offering a power cable and an ethernet connection to try it out, his dad’s office.

The hot and noisy realization kicked his brain into gear. The Michigan winter was fast approaching and his university provides free electricity. Why not mine Bitcoin from a dorm and take advantage of the waste heat? There was one minor but audible hurdle to overcome. “How can we fix the noise,” he questioned.

The pair constructed the Bitcoin mining cooler box, which now takes up residence in Blake’s dorm. The finished product would not look out of place in any dorm room and is “actually quieter than an air conditioning unit,” he explains.

But aren’t there rules against this sort of thing at university? Won’t the energy-hungry Bitcoin miner put a dent in the university’s electricity overhead?

In a nutshell, Blake’s not breaking any rules. What’s more, one miner in one dorm in a large university home to thousands of students is unlikely to raise suspicion. It’s an ode to the famous saying attributed to Rear Admiral Grace Hopper that sometimes, “It is better to ask for forgiveness than permission.”

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.

Blake’s total outlay to start his Bitcoin mining venture was a coolbox and a few cables at less than $20 and he can probably reuse the cooler come summertime.

Incidentally, Blake’s next challenge is to work out what to do when the weather improves and the mercury rises. Peak summer days in Michigan can hit 95 degrees Fahrenheit (35 Celsius). As a result, the outside air temperature will not cool the miner, a vital part of its operation:

Blake has already considered using the Bitcoin miner to heat his family home after graduation. The idea, Blake explains, is to experiment with whether he can offset the gas cost at home and make it profitable. “It’s just unfortunate because, in Michigan, our electricity cost is $0.14 a kilowatt hour.”

Electricity and heating costs are higher in Michigan than in energy-producing states like Texas. Using the waste heat from Bitcoin mining could be a way of offsetting the energy costs.

Related: The Bitcoin shitcoin machine: Mining BTC with biogas

Indeed, tapping into Bitcoin miner waste heat is a growing trend, particularly prevalent for at-home or “chicken shack miners,” as they’re known. BTC Gandalf from the Braiins marketing team told Cointelegraph: 

Armed with oodles of Bitcoin knowledge, Blake has since tried to orange pill his classmates and even professors. Unfortunately, some of them hold the belief that “Bitcoin is a scam.” He has taken it upon himself to set the record straight: 

In the meantime, the S9 is whirring away in his dorm room, contributing to a network Blake strongly supports and generating 100% “free money.“

Bitcoin mining in a university dorm: A cooler BTC story

Antminer S9 S9e S9k S9i S9j S11 S15 S17 Pro Well, “Other than the $30,000-a-year tuition I pay, but it’s 100% free electricity,” he joked.