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Author Topic: Video: Solar-powered Bitcoin Mining farm  (Read 6771 times)
Borisz
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August 03, 2015, 09:08:58 AM
 #21

I actually liked the built, a lot of people wonder about the "electricity" while they are running miners, ROI will be A LOT better with this.

Could you please explain why do you think this?
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August 03, 2015, 09:59:21 AM
 #22

I actually liked the built, a lot of people wonder about the "electricity" while they are running miners, ROI will be A LOT better with this.

Well, you do have to take into account the cost of setting up that source of power - if you factor in how much that will cost, ROI will likely be much harder to get. As several other users have pointed out already, it would make more sense to just find a place with cheaper electricity. Tongue

yeah because with a thing like that sostantially you're paying your electricity upfront, so not really free as many think, not to mention that there are maintanance cost like the battery which can last forever, the same for the panels
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August 03, 2015, 10:54:10 AM
 #23

I actually liked the built, a lot of people wonder about the "electricity" while they are running miners, ROI will be A LOT better with this.

Well, you do have to take into account the cost of setting up that source of power - if you factor in how much that will cost, ROI will likely be much harder to get. As several other users have pointed out already, it would make more sense to just find a place with cheaper electricity. Tongue

yeah because with a thing like that sostantially you're paying your electricity upfront, so not really free as many think, not to mention that there are maintanance cost like the battery which can last forever, the same for the panels

Well, actually the panels and probably even the battery (if you use such a system, although most likely unnecessary) will last longer than your profitability from your mining gear. Panels last 20-25 years and batteries up to 5-10 years whereas bitcoin itself is 6 years old. Solar power is a long term investment whereas mining is probably short term, perhaps medium.

Nevertheless, you are right about the initial investment and paying upfront for electricity part.
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August 04, 2015, 12:59:43 AM
 #24

Very cool, I like this a a model for something I've been thinking about.  "Eco-friendly" mining that has the potential to ROI without constantly upgrading your hardware is an interesting strategy.  With solar technology getter better and cheaper this type of setup seems more and more likely.

Cheers!
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September 02, 2015, 01:29:52 AM
 #25

Thats impressive , i never imagined nothing like that  Shocked
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September 02, 2015, 06:35:18 AM
 #26

I think it's a great project to show that it can be done. However in practice a very high upfront cost in particular the battery bank which will have limited life.

I think you are better to think of Solar as a separate investment and have it professionally installed so that you can get the Feed In Tariff payments from your supplier. Those payments will probably be better than any money you make mining, and any miners you have plugged up in your house will still benefit from the Solar Electricity you are generating.

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September 08, 2015, 04:17:47 AM
 #27

is it me or is this setup just way too complicated?  Cheesy

yeah i was imagining at the end many miners connected for all those cables that he put in a labyrinthic way, then you see only one miner, a bit underwhelming

same here... at least he could change if to one S7... but iono
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September 08, 2015, 05:05:29 AM
 #28

have a look here https://forum.cryptomining.farm/index.php?topic=2.0
They are doing the same.

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September 20, 2015, 10:02:34 PM
 #29

Solar-powered Bitcoin Mining farm

https://www.youtube.com/watch?v=9AmMV-Bmhh8


looks complicated  Cheesy

I like build everything cool allso Smiley You have own house o.O Are you buy it bitcoin money or are you in day/nightjob?
Personal guestion :I

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September 21, 2015, 02:01:46 PM
 #30

Using solar Power to mine is the best options to cut expenses with mining. However, it will only be favorable if you already have the installation made and it can produce a good amount of power. otherwise, you wont be able to connect many miners.
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September 21, 2015, 04:40:55 PM
 #31

I think it is not profitable, but i don't know Huh
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September 24, 2015, 08:43:02 PM
 #32

Solar panels, charge units and also the batteries need a huge amount of investment. On the oher hand, you need a huge area to setup these solar panels too. If you got enough area space it can profitable with solar energy because your electricity will be free, if you do not think the first investment costs. You can use these solar equipments for other jobs after your mining system is over.

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October 16, 2015, 08:22:56 AM
 #33

I actually liked the built, a lot of people wonder about the "electricity" while they are running miners, ROI will be A LOT better with this.

Could you please explain why do you think this?

The only explanation I can see is that if you get all this solar power system for free.  Smiley

Considering that a solar power system like in the video might cost around US $3,000 - 3,500 or even more it would be pretty hard to get ROI fast.

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October 18, 2015, 12:30:33 PM
 #34

Solar power system has its ROI in long term, if its only for mining would be difficult.
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October 18, 2015, 01:50:41 PM
 #35

The owner of this Solar-miner said something about £1000 in his first comment. He got the panels for bitcoins (I guess thats not included in the £1000).

That seems to be quite possible (640Ah 12V batteries ~ $800, solar-charger/-controller ~ $150, S3 miner $150 (back then), inverter = $200, plus 200-300 for wiring and the Grid/solar switches) thats $1'800 -> of course you will never see a return on investment with an S3. I still wonder, why he invested into batteries with having an inverter and the automatic grid/solar switch. Better inverters have a built-in switch to change between  grid and solarpower like an ups. There is no need for batteries at all, its inefficient (90% and degrading with its cycles), pricey, heavy, Pb... So if the Powergrid is reliable and without blackouts, I wouldn't recommend batteries or go for LiFePo4s with 10'000 cycles.
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October 19, 2015, 02:20:16 PM
 #36

everything from the beginning was setup perfectly there but it seems that he have done too much of some stuff and too less of the others and as for the mining farm itself , correct me if I'm wrong but why spend or rather invest on a solar panel while he have only 1 miner running , is in it a waste of money for that matter? He should double or triple the space and add a better cooling system as the place for that single miner was sort of small space only which he could have used to place it somewhere else on that small room

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October 19, 2015, 02:54:39 PM
 #37

everything from the beginning was setup perfectly there but it seems that he have done too much of some stuff and too less of the others and as for the mining farm itself , correct me if I'm wrong but why spend or rather invest on a solar panel while he have only 1 miner running , is in it a waste of money for that matter? He should double or triple the space and add a better cooling system as the place for that single miner was sort of small space only which he could have used to place it somewhere else on that small room

IMO you right about "a waste of money". And why there is only one miner? I think the answer is simple: The power you can get from that solar system is enough for one miner only. I may be wrong of course )

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October 19, 2015, 02:58:53 PM
 #38

Very cool idea and that's one way to cut out the electricity use. Most turn away from mining because of the high electricity costs, me included. This brings it back to my to do lists now.

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October 20, 2015, 05:18:56 PM
 #39

Very cool idea and that's one way to cut out the electricity use. Most turn away from mining because of the high electricity costs, me included. This brings it back to my to do lists now.

The price of solar is coming down more and more every day. It's getting a bit more attainable and cost effective to consider.
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October 21, 2015, 01:59:34 AM
 #40

Yes it would be profitable but not much by solar-powered bitcoin mining. But anyway you can check your luck and you may get more bitcoins from mining.

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