Electricity in Jakarta, Indonesia costs three cents per kilowatt hour. That’s 30 cents less than power in the US and Europe. This means, all things being equal and provided you don’t mind your apartment heating up alarmingly, you can make a decent living mining for Bitcoin and Litecoin (another cryptocurrency) using powerful – and hot – graphics cards, each one running at 140 degrees Fahrenheit or more.

That’s exactly what Tiyo Triyanto has decided to do. Using some off-the-shelf components he has jury-rigged a 105 GPU system that can, with intense maintenance, make him $114 a day.

The system, a chain of motherboards, cards, and ethernet cable so convoluted that you could imagine it powering a mad scientist’s lab. Instead, Triyanto has created a very precise and complex mining platform using his own – secret – configurations.

“Currently I’m making about 60 litecoin per day, ” he said. “I’ve kept 95% of the mining profit since April and once the major exchanges start accepting LTC, others will follow, and price is expected to soar. So that 60 LTC could turn into $1, 500.”

Jakarta, where the temperature hovers around 80 degrees and climb to a balmy 95 with 75% humidity is obviously not an ideal environment for a set of machines that require constant cooling. To keep things from burning up Triyanto aims his machines in different configurations and maintains air conditioners that run in his home all night and day.

“However, having cheap electricity is not enough for me, ” he said. “I kept optimizing my mining farms, did a lot of research and testing, built an effective air cooling method, and created heat flow management and hardware airflow alignment, all in the effort to maximize the mining uptime. When I started I was too eager to get it working and missed a lot of testing.”

In one way Triyanto’s system is genius. Like Kramer in Seinfeld who attempted to cash in on the pricing disparity between bottle returns in New York and Michigan, CS grad Triyanto is cashing in on his home country’s relatively low electricity costs. This arbitrage, while ingenious, could end as sadly as Kramer’s own adventure. Triyanto’s amazing system will be outpaced soon by faster, more efficient mining rigs. In short, this complex, expensive, and seemingly profitable mining rig is about to be eclipsed by newer and better technologies at a pace far faster than the average user can match.

Source: fayetteadvocate.com