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I was able to reach the company that made my heater. They told me that the built in thermostat is set to turn the heater on at 43 degrees and turn it off at 60 degrees. The woman I spoke to said they don't print that on the box or the manual because if they did, they would get too many calls if it was one or two degrees off. She gave me the part number of a heater with a manual thermostat that can be set anywhere from 40 to 60 degrees. It seems that trapping and keeping live bait ends up costing about $40/dozen for shiners and dace.
I use a 100 watt light bulb with a timer and adjust the time depending on the temp.
I am using a 15 cubic foot chest freezer as a bait tank that is kept in an unheated shed. With my homemade gravity fed bucket filter it holds about 75 gallons of water. I bought a 1000 watt livestock tank de-icer to keep everything from freezing but its internal thermostat is heating the water to 61 degrees. Does anybody have any ideas to keep the water temperature and my electric use lower? I was thinking of using a timer for the heater setting it for 4 hours off and 2 hours on, then adjusting the times to keep the water between 40-45 degrees. I would like to know what has worked for some of you and am open to untried ideas, too.