Video: Solar-powered Bitcoin Mining farm

[LiteCoinGuy]

Solar-powered Bitcoin Mining farm

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


looks complicated 

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[Amph]

you need to go big with this type of thing otherwise you will only earn few pounds like he said in the video

but at leats it remain profitable, maybe because he sold old miners to have the new equipments

[notlist3d]

you need to go big with this type of thing otherwise you will only earn few pounds like he said in the video

but at leats it remain profitable, maybe because he sold old miners to have the new equipments

It is a neat idea.  But going big with this is just not best way as far as profit.  Look at all that equipment for 1 S3.  I consider solar and bitcoin mining two different investments.

You will make ROI much quicker from finding cheap regular electricity.  Then there is no additional equipment cost for something such as solar.  I wish solar or wind made sense but just does not large scale compared to moving to the cheap electricity.

[Borisz]

you need to go big with this type of thing otherwise you will only earn few pounds like he said in the video

but at leats it remain profitable, maybe because he sold old miners to have the new equipments

It is a neat idea.  But going big with this is just not best way as far as profit.  Look at all that equipment for 1 S3.  I consider solar and bitcoin mining two different investments.

You will make ROI much quicker from finding cheap regular electricity.  Then there is no additional equipment cost for something such as solar.  I wish solar or wind made sense but just does not large scale compared to moving to the cheap electricity.

This is it exactly. Its 2 separate investments that produce their own income,
1. You can sell mined bitcoins
2. You can sell solar electricity
so why not keep them separate from the beginning?

Also, most of the time you get a fixed price for feeding-in solar generated electricity. This could be e.g. 15 ct/kWh. Now, if you mine less than 15ct worth of Bitcoins with 1 kWh (aka a 1000 watt miner running for 1 hour) then it is not worth it any more to mine coins, but you would be better off selling your electricity.

The other thing is if you already want to invest in solar power at the same time, I am not getting why it has to be directly connected to the miner if you live in a residential house. Just attach solar power to your home network feed back and forth in the grid depending when you use more or less than you generate and simply plug your miner in the sockets. Using the national grid as a battery is the cheapest and most reliable option.

Nevertheless, it looks like a nice project and must have been a worthwhile learning exercise. If one has a few panels lying around, why not make them pay back for themselves.

[notlist3d]

you need to go big with this type of thing otherwise you will only earn few pounds like he said in the video

but at leats it remain profitable, maybe because he sold old miners to have the new equipments

It is a neat idea.  But going big with this is just not best way as far as profit.  Look at all that equipment for 1 S3.  I consider solar and bitcoin mining two different investments.

You will make ROI much quicker from finding cheap regular electricity.  Then there is no additional equipment cost for something such as solar.  I wish solar or wind made sense but just does not large scale compared to moving to the cheap electricity.

This is it exactly. Its 2 separate investments that produce their own income,
1. You can sell mined bitcoins
2. You can sell solar electricity
so why not keep them separate from the beginning?

Also, most of the time you get a fixed price for feeding-in solar generated electricity. This could be e.g. 15 ct/kWh. Now, if you mine less than 15ct worth of Bitcoins with 1 kWh (aka a 1000 watt miner running for 1 hour) then it is not worth it any more to mine coins, but you would be better off selling your electricity.

The other thing is if you already want to invest in solar power at the same time, I am not getting why it has to be directly connected to the miner if you live in a residential house. Just attach solar power to your home network feed back and forth in the grid depending when you use more or less than you generate and simply plug your miner in the sockets. Using the national grid as a battery is the cheapest and most reliable option.

Nevertheless, it looks like a nice project and must have been a worthwhile learning exercise. If one has a few panels lying around, why not make them pay back for themselves.

You say it very well.  I want to add I don't hate the idea.  I really like the idea of "eco" miners, but I like my ROI much better.

I live in decent priced electricity so as far as me investing it is hard to justify solar/wind.  If you live in a very high priced electricity (or place with lots of incentives) solar could be a good investment.

But it is a different investment then BTC.

[Borisz]

you need to go big with this type of thing otherwise you will only earn few pounds like he said in the video

but at leats it remain profitable, maybe because he sold old miners to have the new equipments

It is a neat idea.  But going big with this is just not best way as far as profit.  Look at all that equipment for 1 S3.  I consider solar and bitcoin mining two different investments.

You will make ROI much quicker from finding cheap regular electricity.  Then there is no additional equipment cost for something such as solar.  I wish solar or wind made sense but just does not large scale compared to moving to the cheap electricity.

This is it exactly. Its 2 separate investments that produce their own income,
1. You can sell mined bitcoins
2. You can sell solar electricity
so why not keep them separate from the beginning?

Also, most of the time you get a fixed price for feeding-in solar generated electricity. This could be e.g. 15 ct/kWh. Now, if you mine less than 15ct worth of Bitcoins with 1 kWh (aka a 1000 watt miner running for 1 hour) then it is not worth it any more to mine coins, but you would be better off selling your electricity.

The other thing is if you already want to invest in solar power at the same time, I am not getting why it has to be directly connected to the miner if you live in a residential house. Just attach solar power to your home network feed back and forth in the grid depending when you use more or less than you generate and simply plug your miner in the sockets. Using the national grid as a battery is the cheapest and most reliable option.

Nevertheless, it looks like a nice project and must have been a worthwhile learning exercise. If one has a few panels lying around, why not make them pay back for themselves.

You say it very well.  I want to add I don't hate the idea.  I really like the idea of "eco" miners, but I like my ROI much better.

I live in decent priced electricity so as far as me investing it is hard to justify solar/wind.  If you live in a very high priced electricity (or place with lots of incentives) solar could be a good investment.

But it is a different investment then BTC.

Yes, of course. I also didn't mean to discredit or "push down" the idea. I do believe in renewable energy, but the fact is that a ROI is taking priority in every field of business. And rightly so, no one would invest in something that makes him/her losses on a larger scale.

I think that as a first step such a project can teach one a lot about both solar power and mining setups as well. It is a good maker project to take on for those who like to tinker with hardware a bit and are interested in cryptocurrencies.

[okae]

Solar-powered Bitcoin Mining farm

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


looks complicated 

awesome just awesome, i live in a zone with lot of hours of light per day, i wish someday i will need to download the info about how to do that, well done!!!

also im planning to run wind power too, the problem is about how many will cost it and how many will cost to maintain it, but hell, that infraestructure looks awesome, again, well done!!!

[smoothie]

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

[Amph]

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

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

[erpbridge]

I don't see how this wil be profitable at the end. Solar power has a HUGE initial investment and to run miners its even bigger . Unless they run it for 10 years or more atleast it is hard to be assured of a return . Kind of a risk if the price falls or something. The setup is also too complicated it seems.

[valkir]

The think people do not understand is that if the miner is useless or he wants to sell it, he still have solar power to use at home.
Doing this kind of setup is really nice, you learn solar power and bitcoin!

[Borisz]

The think people do not understand is that if the miner is useless or he wants to sell it, he still have solar power to use at home.
Doing this kind of setup is really nice, you learn solar power and bitcoin!

Yes and at this point it comes back to the same discussion as above: why not keep the two investment separate?

[LiteCoinGuy]

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

that is a "copyright trick" i guess - nobody can do this without his explanation  

[Borisz]

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

that is a "copyright trick" i guess - nobody can do this without his explanation  

It really depends on how familiar you are with the topic and how much money and time can you or are you willing to invest. You could start off with a much smaller system trying to first power a small USB miner. Ths should not be a hard task for anyone with a basic knowledge about electrical circuits and some hands-on experience with DIY projects and bitcoin.

Also, you can ask on the internet on a range of forums (including this one) for help from other people. If you have a plan in mind (more than "this is interesting, can I do it?") then there will be people helping you.

[LiteCoinGuy]

@Borisz

yes i think so too (but i cant build such stuff  ).

 i was kidding. 

[aureuscoindev]

this is neat, but I'd like to know what it cost and if you built it yourself etc. it does look very complex for this little thing. Still like to know the total cost to build, battery life expectation etc. Also would like to know the power output of the solar cells, like peak and off peak and overall real performance. Nice setup though, thanks for sharing

[WalkerIVIV]

solar bitcoin farm are too much complicated to built it by myself

[Deathwing]

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.

[u9y42]

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.

[Borisz]

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?