Ron is right, playing with electricty is like playing with fire. That said, Years ago, I too realized I needed to know about electricty and learned a little here and there. About seven or eight years ago I needed to upgrade the service in my parents old house so I could sell it (they had passed away) so with some advise from a retired commerical electricial friend, and a couple of simplified code books, I set about replacing the old meter socket adding a disconnect, new cables, new panel, sub panel in basement, etc. It all worked well and the city inspector (who turned out to be the son of the guy in the elect. dept at Home Depot, also a retired electrician, who gave lots of advise too) said is was the neatest job he'ed seen. Since then, I've learned to bend conduit and wired my 60x60 workshop/aircraft hangar, all to code, actually better than code. 9 120V circuts supplying 25 duplex receptcles, a 60A welder outlet, a 20A 240V outlet for a portable compressor/mig welder, and a 60A subpanel supplying a 7.5 horse compressor, and lights. LOTS of wire and conduit. Talk with your electrician friend. Consider putting in a two breaker sub-panel at the dryer outlet. put the dryer outlet and the compressor outlet off of it. Take the ground plug for the compressor back to your main panel via a ground wire. Mount a placard, "turn one on, the other off, do not operate both devices at one time" This is your best, safest choice, you get circut protection sized to the devices you are running. As someone has noted, your compressor uses two "hots" (the 240) and a earth ground. Your dryer uses the same two "hots" but has a netural instead, because it has a 120V motor in it and a light bulb inside probably. It also uses the netural as a earth ground, because back at your outside disconnect or the meter socket, the netural and the ground come together. The best thing you could do would be to drop a new wire to the basement, to run the subpanel I mentioned, you would use three wire with ground, a total of four wires and you would have the two "hots" and the earth ground and the netural and all would be happy. Yes it will work, the netural of the dryer suffices as the earth ground for it, and if the compressor has a short to ground, the short would find its way to earth thru the netural cable, but its not proper, and I would only do this as a temporary, use it and unplug it when done method, using a patch cord made from a dryer cord and a 4x4 box and the outlet for the compressor, until you can drop the proper 3 w/grd cable. All of the above is ASSUMING you have a modern, isolated netural/ground panel. If you have an older house where the netural and grounds are all mixed at the panel, well, just hook it up and drive on..... .... Charles
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