Bitcoin Forum

hi everybody

don't know if this is the correct place to ask but we are looking for some contacts in Island to move some of our mining equipment to get some cheaper power so if there is anybody that can that could point os in the right direction or knows anybody that has a solution it would be great.

regards
kris

IT IS ICELAND.
https://en.wikipedia.org/wiki/Iceland

And I'm guessing there is no body serving you free dinner, so you must do the research yourself.

If you are planning to get free power or cheap i think building up a solar is the best alternative to have a power where you can mine bitcoin using s9
just like this image https://i.ytimg.com/vi/9AmMV-Bmhh8/maxresdefault.jpg


I think in island also has very cheap power source.  :D

Guys, its ICELAND. Get it right

calm down.  Us foreigners have it incorrect.

"Ísland - Iceland's official and most common name"
https://en.m.wikipedia.org/wiki/Names_of_Iceland

I think this option is very good and it will be less expensive and even the mining expense also will be less for that you have to see the place where you find very heat condition so that solar plant get full energy to boost the mining power

I disagree, even with government subsidies solar panels are still incredibly expensive. It'd take a very long time to get a return on your investment.

Maybe you can make an observation about electricity cost in Lombok, Indonesia. A lovely island in Shouteast Asia with cheap electricity cost.
https://en.m.wikipedia.org/wiki/Lombok
And when you do search on Google with keywords "Indonesia electricity cost" this is what you'll find (good news)
---(edited)
This is accurate source
https://www.mrfixitbali.com/electrical/electricity-supply/electricity-cost-Indonesia.html

I don't know anything about mining, but in my opinion, a group miners (big company) should try this island to invest and work with their equipment in this island.

it depends on where you come from :-) but i english is it with a C :-)

Solar power for mining isn't always a good idea, it can takes several years to ROI and even more if you live in an area with cheap power.  It's really expensive to install.

Still, OGNasty runs a solar power mining project called NastyMining, you can check it out on the thread (https://bitcointalk.org/index.php?topic=1783328.msg17786687#msg17786687).

It probably is easier to move your miners to Iceland.  That's not the sort of thing you're going to get much help doing though.

That is correct. This is one reason why solar electricity is not so common (in general and not specific to mining).
It is abundantly available and if it indeed were inexpensive, you would solar electricity easily overtaking coal/other non-renewable sources of electricity.

If your moving out your miners on different place then travels fare would add up on the expenses and members suggest iceland then it might do but if its near to your place but if not then you should think twice and also setting up solar panels wont be cheap at all.If electricity is expensive on your place why you did decide to put up miners?

You also need to be aware that the angle and amount of sun they get is going to have a huge impact on how much electricity is collected. Just because a solar panel says it can produce a certain amount of watts doesn't mean it always will. That is under perfect conditions. You will get maybe ,50-75% Depending on how you place it it can be more.

it can be pretty cheap if you put in the effort and know a bit about electronics im building my own solar system (£150 so far got 3x 220A batteries and 3 broken but still working 255w solar panels putting out about 400-500w during the day. might never make a profit but its a hell of alot of fun at the same time

That is true. If you put up a solar panel in Iceland, it probably won't generate any electricity for 4-5 months of the year.
You need to put it somewhere near the equator to generate maximum electricity.

Yep exactly ! That is the other thing the seasons. Even in the UK you will have little sunlight for months at a time so you must factor that in. Hotter conditions be better better for solar energy but does it out weight the extra heat the climate brings ? I think it will since cooling fans are relatively cheap.

Heat is no problem, I used to live in South Carolina and my miners didn't get up to 90c even during 100 degree days. Just make sure you have good ventilation and your miners will stand pretty much anything; for reference they were S5s and S3s, gotta be careful with the more delicate T9s and S9s nowadays.