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You should always read a plan’s EFL details to decide if it’s a fit for you, but our system does the tedious math to help you compare estimated costs. Of course, your future bill amounts will depend on your future usage.

You will find a widget on Home Energy Club which fetches your home’s energy usage data from Smart Meter Texas (SMT) and runs calculations of the rate structures of energy plans to help you conveniently estimate the cost of energy plans you are considering, based on your prior 12 months of energy usage as reported by SMT.

In one of the text panels of the widget, you will see an authorization button. By checking the permission box above the fields in which you enter your name and email address, and clicking on the authorization button, you are authorizing Smart Meter Texas to provide us with your location’s energy usage information so that our system can run cost calculations. It’s important to note that errors can occur when developing and running calculations, and the Company does not guarantee that its cost numbers are correct. You should always read the Electricity Facts Label (EFL) for each energy plan you are considering before enrolling, and make an independent decision on whether the plan is an appropriate fit for your home based on your own calculations and all the information disclosed by energy providers in the EFL.

Crypto Mining Electricity and One-Stop Shop

Crypto Mining Electricity and One-Stop Shop

What is Crypto Mining?

First, let’s start by noting that cryptocurrency is a virtual currency, not a physical currency like a dollar bill, but it can be exchanged for dollars. A cryptocurrency’s “coins” (such as Bitcoin) are digital files, and home crypto miners store and transfer the value of the coins online.

In the most basic terms, crypto mining involves using a computer to solve complex mathematical equations. Computers across the globe verify transactions by the solving equations as they occur on a digital ledger known as a blockchain (think of it as digital bookkeeping); the creation of a “block” on the blockchain occurs when a transaction is verified. When your computer solves (or contributes through a pool to solving) an equation, a new block is created and added to an existing chain of blocks (the block chain), and a new coin is “minted”. The crypto miner receives a coin of   the currency which is mined as a reward (the block reward) for successfully mining and validating a block on the block chain.

You can mine crypto coins from your home using a personal computer with a graphic card, or simply by signing up for an online service which allows you to enroll in a plan that allows you to mine remotely with a special high-speed computer located at a distant crypto mining operation (called a co-location).

One-Stop Shop for Home Miners

Not all at-home mining is profitable, so it’s important to do your homework before diving in. We’ve created a unique one-stop web platform called MinerBeast for home miners, which provides simple guides and all the products and services you’ll need to start mining profitably from your house. The site is scheduled to launch in early 2023.

MinerBeast will help you dramatically improve your odds of success based on best practices and the experience of our team members, crypto experts and industry relationships. Using MinerBeast.com, you can mine crypto coins from your home using a modern personal computer with a graphic card (the type used for gaming), or enrolling in a mining plan with a remote co-location as described in the first section above.

Current electricity rates in deregulated states such as Texas, which are driven primarily by natural gas commodity prices, are currently too high to mine profitably. For MinerBeast DIY home miners who use a PC and graphic card to mine, MinerBeast will offer first-of-a-kind electricity plans (starting in the Texas market) designed for home mining, which have ultra-low energy rates. Alternatively, the co-location mining plans offered on MinerBeast will include special electricity rates negotiated by mining operations, which are low enough to mine profitably.