Mining with Solar energy

[kenscho]

Hi all

Its possible to mining with a solar energy?
maybe buy a device who support 12v and plug in the electricity in this adapter and mining with free electricity?

anyone try this?

[1715554407]

1715554407

[1715554407]

1715554407

[1715554407]

1715554407

[1715554407]

1715554407

[MaximeAD]

If you have to buy something to generate electricity, then it is not free.

But, yes, it is possible to power miners with solar energy.

[aksinas]

Probably your best option is to use a Raspberry Pi with some USB miners but don't expect to earn much.

Keep in mind that if you want to operate the miners during the night you will need batteries(and a charger).
The more you drain the batteries the shorter their lifespan will be.

Calculate your ROI very carefully and if you do setup a large installation make sure it is insured.

[SpanishSoldier]

I heard that at the current bitcoin price (~220 USD) it is better to sell solar energy directly to grid than mining bitcoin with it.

[MaxDZ8]

It's very likely. Entering BTC mining seriously now probably requires 5-digit investments - sure, there are the small miners but I'm not quite sure on how much they ROI.

It is really cost-ineffective to power altcoin miners with 12v. The biggest solar grade PSU I've had my hands on (I touched it physically) was 300W and costed more than a few 850W ATX PSUs from a well known brand. They just don't scale up.

OP better run out and find some small river; micro-hydro kicks butt. Again, you'll probably be better off selling the energy.

[notlist3d]

Are you crazy ? If I were alt of CMW, why would I express legitimacy concern about this company ?

Again I could be wrong.  But the two post are 100 percent the same words, nothing changed with you and other person.

And I don't know if the site your using is really a good 3rd party.  What makes them a good party to judge site?  On a scale to 100 percent they gave them currently a "101.17".  So makes me question how they possibly come up with this percentage as it's over the max.

[aksinas]

I heard that at the current bitcoin price (~220 USD) it is better to sell solar energy directly to grid than mining bitcoin with it.

If your PV station is connected to the grid and your electric power company offers you 'net metering' then probably it can be profitable to mine coins.
In this case you only need the panels and an inverter.

[Somekindabitcoin]

I recall that Maidak was going to setup something like this. No one was really interested in it. They were worried about liability and whether the fact it'd be sunny all the time.

[Meech]

Well at least where I live the sun is out for 13 hours of the 24.  Suppose you could gather moonlight.  For a small setup it would be possible but your least initial investment would be near 1k to do it right.

[jimmothy]

Are you crazy ? If I were alt of CMW, why would I express legitimacy concern about this company ?

Again I could be wrong.  But the two post are 100 percent the same words, nothing changed with you and other person.

And I don't know if the site your using is really a good 3rd party.  What makes them a good party to judge site?  On a scale to 100 percent they gave them currently a "101.17".  So makes me question how they possibly come up with this percentage as it's over the max.

CMW is a blatant ponzi with an army of shill accounts promoting it.

Of the few actual customers they have, several are reporting payouts that are ~5% of what they should be and these shills suggest buying new contracts because the "new rates" are so much better/more profitable.

CMW is one of the most half assed ponzis I've seen. Stay far away from it.

[SpanishSoldier]

Well at least where I live the sun is out for 13 hours of the 24.  Suppose you could gather moonlight.  For a small setup it would be possible but your least initial investment would be near 1k to do it right.

WoW !!! Is it really possible to mine at moonlight ?

[MaxDZ8]

WoW !!! Is it really possible to mine at moonlight ?

No it isn't! We could just as well pretend to run a double-pair spontaneous-laser-quantum-entangled cell powering quantum computers and rule the whole network for free. Or just to get rich overnight while getting in bed with the hottest movie star of your choice AND finding a cure for cancer.

[DaBitcoinGuy]

Hi all

Its possible to mining with a solar energy?
maybe buy a device who support 12v and plug in the electricity in this adapter and mining with free electricity?

anyone try this?

I worked with a guy who used solar power to run his miners.  I never saw his setup, but he used to rave about it.  I'd be interested myself but I think the cost would be prohibitive.

[aksinas]

Hi all

Its possible to mining with a solar energy?
maybe buy a device who support 12v and plug in the electricity in this adapter and mining with free electricity?

anyone try this?

I worked with a guy who used solar power to run his miners.  I never saw his setup, but he used to rave about it.  I'd be interested myself but I think the cost would be prohibitive.

If you are an alternative energy enthusiast then it will be fun.
At the current Bitcoin price level it is very hard to make a profit even with zero cost electricity. How is that possible? Depreciation of mining equipment.
If you add to your equipment cost the photovoltaic panels, charger, batteries, and an inverter probably you will never break even.
Keep in mind that machines do fail, and add the maintenance cost.
In the ideal case where you don't draw any current from the batteries you will have to replace the batteries within 3-10 years (depending on battery quality, charger)
If you already have an autonomous system installed and even if your charger is dumping energy during peak hours I would still not run miners on it.
Turning on and off your machines is not the best thing to do.

Also, it tends to be warm when the sun is up which means that you will probably need air conditioning otherwise make sure you have stock of at least electrolytic capacitors.

On the positive side now, if you are connected to the grid and your electric company allows net metering then go for it!

[SpanishSoldier]

At the current Bitcoin price level it is very hard to make a profit even with zero cost electricity. How is that possible? Depreciation of mining equipment.

But I read somewhere that it costs ~40 USD per bitcoin for large miners due to mass production and hence lower maintenance cost per unit. I dont think none of the large bitcoin firms would have run unless they made profit. Both Cex.io & KNC cloud are closed for customers, but they are mining on their own. Is not it obvious that they are mining because they are making profit ?

[sloopy]

Depending on their respective tax laws any business can mine to maintain a hold and a steady rate of coin while using a loss as a deduction in consideration of other business ventures.
Diversity is key.

[notlist3d]

At the current Bitcoin price level it is very hard to make a profit even with zero cost electricity. How is that possible? Depreciation of mining equipment.

But I read somewhere that it costs ~40 USD per bitcoin for large miners due to mass production and hence lower maintenance cost per unit. I dont think none of the large bitcoin firms would have run unless they made profit. Both Cex.io & KNC cloud are closed for customers, but they are mining on their own. Is not it obvious that they are mining because they are making profit ?

It's hard to tell on cost's as most don't share this information.  It is somethig that a company really does not have any advantage to release information if they are mining thierself.

And yes some of the big hardware companies, and some big data centers are making money.  There is no doubt as they continue to mine, even at this lower level of price.    Home miners still can pull a profit to, but you have to mine smart.  You might be underclocking more, and doing lots of math.

And as far as thread mining with solar just does not add up.  There is so much up front costs, a company is better off getting cheap electricity then installing ton's of solar equipment.  It's just a cost vs amount of time to get a ROI on solar.

[aurel57]

I heard that at the current bitcoin price (~220 USD) it is better to sell solar energy directly to grid than mining bitcoin with it.

Depends on the "Generating Cost" of the utility your trying to sell it to, as what they pay. 

[buysolar]

I mine with solar energy. Works well for me. Lifecycle cost should be around 4.5cents per kwh where I live.

[notlist3d]

I mine with solar energy. Works well for me. Lifecycle cost should be around 4.5cents per kwh where I live.

When you say you mine with it how many watts are you getting from solar?

If you don't mind me asking what did it cost for install, and what is your normal electricity price?