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A Journey within the World of Crypto Mining
The journey of my home crypto mining farm over the past few weeks has been absolutely exhilarating. After a few tumultuous weeks, the farm is finally up and running again. For a while, I was honestly quite despondent missing out on the crypto mining yields of numerous coins. However, the thrill of finally having my farm back in operation has certainly made up for the temporary setback.
The Experience of Winterizing the Mining Farm
If you’ve been following my journey, you’ll be familiar with the process I went through to winterize my mining shed. This primarily involved removing the miners, packing them up, and ensuring they were clean and ready for when I could restore the power. At that time, I didn’t anticipate that I’d be able to get the mining farm back up so soon; it’s a pleasant surprise.
Understanding the Electric Supercharge
One of the challenges during this process was dealing with the electric supercharge. It certainly involved a frustrating amount of monotonous emails and phone calls. But, it eventually led to the realization that competitiveness in supply was a viable option for Pennsylvania and consequently lowered the pricing of the electric bill quite significantly.
So, let’s take a look at my journey, including the struggles and the triumphs, with a deep dive into the realm of electricity bills, and I hope you can relate and gain some insights from this experience.
Sponsored Video Content
Today’s video is sponsored by the team over at nicehash.com. The NiceHash team has been working on an innovative way to help miners overcome operating costs as well as low mining profits. They have launched a brand new solo mining concept named “Catch The Block,” and it’s quite the game-changer. You simply create a nicehash.com account, choose your preferred mining package, and that’s it, solo mining can commence.
Understanding the Electric Bill in Pennsylvania
To understand the intricacies of electricity bills, it’s important to realize that each state’s system can differ significantly. In Pennsylvania, it’s like viewing two sides of a sphere. There is the delivery side, in my case handled by a company called PPL, and the other half represents the supply side. Pennsylvania’s decision a few years ago to allow suppliers to be interchangeable sparked a competitive atmosphere that ushered in better quality products and lower pricing.
Electricity Bills: A Deep Dive
Understanding your electricity bill can be key in managing costs when running a mining farm. In my case, the delivery side of my bill featured several charges, including taxes and customer charges, equating to $450 per month. On the supply side, using alternate suppliers like WGL and Inspire provided opportunities for unlimited plans and competitive rates, significantly reducing the bill compared to sticking with a single supply company. However, I hit some roadblocks when this wasn’t feasible anymore