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It is very dissimilar.
Disclaimer: I think any power usage over the bare necessity is a waste and immoral because we all share the cost of pollution.
That being said, when you have free power as part of your employment contract, you are free to use your allocation as you like. In the past miners and power company workers here had unlimited power free, now only some part of it is free, over that you pay, but they are 100% entitled to use the free part for whatever they wish, it is more or less part of their salary.
Sure, if he is not entitled to that, if simply uses the "office" power supply without explicit permission from the management, then that is not OK, same as abusing shared resources.
To answer the question, mining is much less profitable for me than speculating the currency. I know how to do it but i dont want to, following the prices once a day and buying/selling is a heck more power efficient and has less risk, because the miners have similar risks with fluctuations plus they have some hardware which deprecates and can break/become inefficient and is much harder to get rid of at some reasonable price when the price of the currency falls below some threshold.
I will not because it still needs a lot of big investment and I don't think it is a good idea to search for free power, if you are seriously planning to go in this business.
You never read the part jn the brackets did you
Just use solar panels to power your ASIC units
Well people usually use graphic cards in Venezuela, and they mine eth or whatever is more profitable. They hide their mining activity pretending to be mere gamers, to avoid their hardware to be seized by the cops.. who also run mining facilities with said hardware (well, from what I've read / heard - I'm not living there)
Yeah, going for the cheapest available second hand in your area is probably your best bet if you can manage enough air flow around your gear, given that you have access to huge amounts of free electricity. Focusing on more power efficient gear can't hurt though.
I am going to keep it in the open
Via risers
I didn't mean cooling your GPUs, but the room where they'll be.
If there is only a few GPUs it should be no big deal, but on some video I've seen people have several of those and.. you want a serious air flow if you do that and live in a warm area as most of pakistan is!
Kinda unrelated, but I pay for 300Amps of power at my data center. I am using 120Amps right now. I'd love to use the other 180Amps I already pay for and am not using! I need some rigs. I'll host em if you split the profits!
If you want to make money from virtual currency you are better off buying it than mining for it.
Last time I looked into this, it was a never ending game of upgrading hardware because everyone else is doing the same thing in order to try keep generating the same level of profit. Even if you can get the power for free, you won't get the hardware for free, and the hardware that can still earn a few pennies per day today won't even do that a few months from now
The EU is not too bad IF you can move freely or had luck in being born in a tax heaven (not haven lol) - you paid this other ways though as like Bulgarian, or you just had insane luck to be born in Luxembourg.
Staying 190 days+/year on the coast in like Croatia or Cyprus is simple with West EU+ income and remote job, then just move for dull winter to nice central/west EU and back early next year. This is both cost effective (as eg. DE living expenses are much higher than RO or HR) and tax efficient (total HR tax is somewhere around 20-30% with connected lawyers and good usage of free limits/local purchase incentives/EU exports etc., RO similar from what i know).
The 10% in BG is also a myth as this adds up for freelance/self employment - you pay at least 20% on your income this way, not much less than in Cyprus which has much better living quality. I could not live in Sofia, maybe on the coast though.
{rant}
The West, and largely also the East, punishes people for earning more than average money by higher taxes which in my opinion makes absolutely no sense.
Practical example - I would gladly pay the base rate of Austria (which is already 35%) and maintain my primary residence there, but seriously this is not fair and with the EU advantage (and local staff here, but even without if one can move) it would be just dumb to pay this.
I do not see much value added in Austria's ~50% from 30% (HR) and from higher start absolutely nothing eg. from 60-65% (SE and outside EU eg. Israel) vs. ~40-45% (ES, CZ, SI).
Paying income tax is obviously needed for society and government function, but it should be realistic in it's base already, leaving aside all of the loopholes open to only "ultra rich" here at all people complain about.
{/rant}
@WSS - Do you use your work PC to check your personal emails/post on LET/do anything that's non-work related? If so you are stealing your employer's internet connection and the electricity as well.
I think we should stop judge others before we look at ourselves.
In fact, no, this usage is by now in most countries either legal or must be announced beforehand. With no announce the usage is not explicitly forbidden and cannot be used as reason to fire.
Welcome to the EU, the courts weight costs against profit which at few Kbit internet is at most a few EUR/mo. Not comparable here.
Actually , no, I don't. I also think the employer shouldn't have to pay you for time you are sitting on your phone and chatting on Facebook. Since the early 2000s, I've set policies of what you can, and cannot do. Personal devices do not get access to the network (unless you're one of the top few untouchables who don't have to follow rules), and god forbid you don't have a good reason for needing to install an application for use. You're pretty stuck if you don't setup an ssh tunnel for yourself, and if you do without explicit OK- you're fired for circumventing security.
And that is how it should be, but people still transfer data via USB and use their own connection to take it out. You cannot really prevent people from bringing their phone at work, unless you are NSA or similar.
Employee time is also a correct issue, you can sack them for being lazy or not working here too, but not really claim they did damage by using your internet to send an email or post something unrelated to work.
Security at the work place is a nightmare these days, I can probably circumvent all but the most stringent protocols, and even the latter I could but in that case they have probably silent alarms in places so i would be caught sooner or later.
I think you are intentionally mis-interpreting my point. Can you say, you have spent EVERY single second you have while you are at work doing ONLY the work stuff?
My case is different I will be working when my coin mining rig is running....
It's just like preparing a presentation on computer while downloading G. O T in the background
In India too, people working in power plants get free electricity. I don't think OP is stealing.
+1
You can block signals, or force them to leave their phone outside of the working area. Amazon does that to their ship-droids. They do everything but strips earch them.
You can block everything and whitelist what is required, but that's also a big pain. Generally it helps to just keep good logs of what's going through the filters, and anyone seen fucking around gets a warning, then the boot. The others fall in place, or also get the boot.
Yup. No longer are people wasting 5 minutes between work watching Joe Cartoon.
No, you're trying to make the worlds dumbest argument, and I'm not having any of it. Now get back to work before I charge you for the oxygen you're wasting.
You need to block signals and force them to leave phone out. But I can assure you a determined spy will get around everything with consumer grade electronics. Or they can simply use steganography or similar methods to hide whatever data they plan to steal in other streams seemingly innocuous.
You may be able to block facebook and other things which are not worth it, but economic spies will do around.
I am personally not worried my employee is posting pictures from his vacation in his work time, I am worried he will steal the leads or the software or technical specifications etc. If he wastes time his work will suffer and results too, therefore will get passed on promotions or simply replaced naturally, without me having to waste time and money to police his time.
On the other hand, I could have a genius which can do in one day what others do in 2 and have time for fun playing hide&seek with my countermeasures, so I would have no incentive to fire them but to dismantle the spying protocols and fire the people which maintain them if i want to save money. Or simply not bother int he first place, sometimes people are more loyal to an employer that trusts them, if you have to police your workforce, that is usually a sign something is going backwards.
No, I am simply responding to dumb moral argument here. Someone seems to put himself to the highest moral ground when it comes to others, and simply try to run away from the argument when the issue is being pointed at himself.
Again, my point was very clear, take a look at yourself in the mirror before accusing others for "stealing" from employer or call people thieves.
I am not on the side with OP, but your accusations makes me feel you are not very different from those babies who cry "scammers" within 30s after their servers are offline.
No, you're being stupid. Doing anything "not focused" on work such as breathing or getting coffee is quite a bit different than placing hardware that is yours during company time, using company resources.
No, it really wasn't- and I'm sorry if I happen to have a slightly higher standard for myself and others than you do. I'm not changing to make you feel better about yourself.
... you're even worse than I thought. Thanks for never reading any of my other posts, and continuing to do so in the future!
Again, look at yourself in the mirror before accusing the others, seems you either have difficulties understanding that line or you are too arrogant to understand it.
144 comments later...I can't believe you people are still talking about all this :-)
Not unlimited supply, there should be limit. Everyone working in Govt. power companies gets free electricity but in limited amount i.e, 200 units/month.
This thread has been derailed
There are less comments about bitcoin then there are of bashing each other
Just give it a rest
Work ethics varies y from place to place and it also Varies w. R. T profession
Are an interesting subject as well as employee surveillance, control and coercion in this day and age. They are very related to motivations and the IT and C sector.
I have seen many people in startups make big mistakes because they have no clue about HR management and psychology.
All this deliberation and the OP could've profited by 15 cents by now.
To some extent you are correct
There is cultural diversity and people need t
to understand thay if something is considered good or okay in some region there exists quite a probability that people in another part of the world will simply not accept it
It all depends upon environment
Do note that i guess i am only one on this forum who works at the power plant
Work ethics and work atmosphere is very different in this field