Thinking Of Going Into Bitcoin Mining

[delicin33]

"..Now when setting up the mining in Africa do you know how reliable the power will be?.."

Talking about mining in Africa, there are no reliable source of power but, solar energy can be an alternative because there are sunshine through the year in most countries (i.e Nigeria) So, i donot think this will pose a great problem.

Does the sun shine at night in Nigeria?

FYI, most solar panel store enery during the day for a period of 8-12 hour's .
If, i intend using solar energy during night i can use accommulated solar power for mining

Thanks for your question @tertius993

Arlene

solar panel can store energy that's new to me

[1714876194]

1714876194

[1714876194]

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[Sierra8561]

"..Now when setting up the mining in Africa do you know how reliable the power will be?.."

Talking about mining in Africa, there are no reliable source of power but, solar energy can be an alternative because there are sunshine through the year in most countries (i.e Nigeria) So, i donot think this will pose a great problem.

Does the sun shine at night in Nigeria?

FYI, most solar panel store enery during the day for a period of 8-12 hour's .
If, i intend using solar energy during night i can use accommulated solar power for mining

Thanks for your question @tertius993

Arlene

solar panel can store energy that's new to me

Definitely would require a battery bank. Or you could use solar by day and grid at night. Still off setting the cost for solar will take years.

[Overwatch]

Recently, i have been reading book's, researches & video's about bitcoin mining.

At the initial stage i donot want to go deep into the mining or development aspect of the task but, right now based on researched which i have made few days ago i will not just be contented with bitcoins trading. i want to go deeper.

So, my first project will be setting up own mining spot in rome. I already have  sufficient space for this project.
And, my second task will involve building bitcoin mining farm in Africa (nigeria) considering the cost of electricity in africa.

Setting up such project will require a lot of work at the initial stage but, the ROI outweight the expenses once this has been set-up.

Any useful idea's, resources,training,partnership to help me accomplish this will be highly appreciated.

Thanks
Arlene

how high is the electricity costs there ?   

[tertius993]

"..Now when setting up the mining in Africa do you know how reliable the power will be?.."

Talking about mining in Africa, there are no reliable source of power but, solar energy can be an alternative because there are sunshine through the year in most countries (i.e Nigeria) So, i donot think this will pose a great problem.

Does the sun shine at night in Nigeria?

FYI, most solar panel store enery during the day for a period of 8-12 hour's .
If, i intend using solar energy during night i can use accommulated solar power for mining

Thanks for your question @tertius993

Arlene

solar panel can store energy that's new to me

Definitely would require a battery bank. Or you could use solar by day and grid at night. Still off setting the cost for solar will take years.

Quite I'd love to see the details of these solar panels that store energy.  Battery stores are relatively inefficient and you would need to be generating roughly twice what you were using in order to have any to store.

[arlene05973]

wow, this is serious! i saw someone the other day on ebay selling solar panel kit with such funtionalities  I did'nt ask him/she on how it's work's since, i'm just make research.

Thanks
Arlene

[tertius993]

wow, this is serious! i saw someone the other day on ebay selling solar panel kit with such funtionalities  I did'nt ask him/she on how it's work's since, i'm just make research.

Thanks
Arlene

Oh, well if you can get it on eBay I'm sure that will be just fine as a source for the solar power technology for your farm ... 

[RichBC]

wow, this is serious! i saw someone the other day on ebay selling solar panel kit with such funtionalities  I did'nt ask him/she on how it's work's since, i'm just make research.

Thanks
Arlene

There is no way a solar panel can store energy. If a "Kit" is being sold with that functionality then it will include a battery of some sort.


Rich

[Goms]

Recently, i have been reading book's, researches & video's about bitcoin mining.

At the initial stage i donot want to go deep into the mining or development aspect of the task but, right now based on researched which i have made few days ago i will not just be contented with bitcoins trading. i want to go deeper.

So, my first project will be setting up own mining spot in rome. I already have  sufficient space for this project.
And, my second task will involve building bitcoin mining farm in Africa (nigeria) considering the cost of electricity in africa.

Setting up such project will require a lot of work at the initial stage but, the ROI outweight the expenses once this has been set-up.

Any useful idea's, resources,training,partnership to help me accomplish this will be highly appreciated.

Thanks
Arlene

You're kidding right?
Nigeria of all places, with it's epileptic power supply and militants constantly bombing pipelines, making power generation difficult.

I hope you are also aware that petrol costs more in Nigeria than in the US, unless of course you want to use solar power...

Not to talk of the halving and it's implications on profit margin... you might want to add some emerging altcoin in addition.