Tesla's building a solar roof , It can be a good days for bitcoin miners?

[crazyivan]

in short
bitmain are making a new mining facility.. and guess what.. not a single solar panel will be there
so if bitmain cant see solar panels as a cost saving.. forget it

That s because electricity s either heavily subsidized or even completely free of charge in China. Why would they invest lots and lots of money into solar panel when they can the same result using traditional and significantly cheaper options.

[clickerz]

Solar roofs will definitely help to alleviate some of the energy woes, however I'm more interested in the expenses it will incur and how useful ti will be for those who don't live close to the equator. I'd expect that other energy forms ill be still required for northern countries.

Indeed, not only alleviate but environmentally friendly too. As a clean energy source like wind,biomass,wave etc solar so is more efficient in my opinion. Also does not require many moving parts,just a panel and wire plus controller, and it is ready to use.

[shinratensei_]

in short
bitmain are making a new mining facility.. and guess what.. not a single solar panel will be there
so if bitmain cant see solar panels as a cost saving.. forget it

That s because electricity s either heavily subsidized or even completely free of charge in China. Why would they invest lots and lots of money into solar panel when they can the same result using traditional and significantly cheaper options.

You're wrong at this but i might for believing about the strategic areas are considered by bitmain and miners.
http://www.powermag.com/energy-industry-xinjiang-china-potential-problems-solutions-web/

[LoyceV]

https://techcrunch.com/2016/10/28/these-are-teslas-stunning-new-solar-roof-tiles-for-homes/

The link description says it already: Stunning new solar roof tiles. The bold word is what matters: the looks.
The reason solar panels are usually panels, is because the cells have to be connected together. That's much easier to do in a factory (by robots), instead of installing and connecting loose tiles on location.

That makes me think Tesla is mainly using it's name/hype to sell this. There are many "environmentally friendly" products already that are solely sold based on image/ideals, and not on technical facts. If you want to use PV for any money making purpose, start by looking at the price per kWh. Tesla doesn't even provide prices yet.

especially if you do live into a place or certain country in which the temperature is quite higher.

I don't think there is a relation between outside temperature and cost of electricity. There is a relation between temperature and solar cell efficiency though: the warmer the cells, the lower the efficiency.

[dothebeats]

The idea itself is really interesting and helpful since this is one step further towards a greener environment--we will be depending on lesser fossil fuels which emits harmful substances in the air when burned, and that's what exactly we need in order to generate electricity. Harnessing solar power and using it to run miners is a very clever way of mining and helping the network however, the cost of those solar panels and setting it up might be a "problem" to farm owners since it's a bit of a complicated setup compared to the conventional electricity we use. If miners are to rent these solar panels and use it to generate electricity for their gears, it might be an additional cost--or a cheaper alternative, whichever the result is. As for long-term effects for the environment, I'd say go green and as much as possible, avoid using electricity that came from fossil fuels.

[veleten]

Tesla is well known for hugely overpriced products
do you really think his solar roof would offer any competetive kw/h to $ ratio?
besides solar energy in general doesn't seem like the most utilised in the recent Chinese farm projects,they are using hydro or regular grid electricity

[yayayo]

Solar electricity - even if it is generated by larger power plants - is more expensive than conventionally generated electricity by a significant order of magnitude. And economics are much worse for small scale solar units like the ones proposed by Tesla. Purchasing costs are prohibitively high. Tesla is designing a consumer product for environment-conscious individuals and users of their cars which generates money for the company. That's why they decline telling the prices... I think it's an innovative product though. It might be an attractive option for newly constructed homes.

I think the best prospects for Bitcoin miners might come from utilizing the generated heat. High-temperature mining chips could be used in coffee machines, toasters or even infrared heaters / therapeutic products for example.

ya.ya.yo!

[Barbut]

I was in Nikola Tesla museum, it`s amazing how much he was ahead of his time. They said something when I was there, when he arrived in New York, just 52 homes had electricity. He have many patents from that field, so this solar roof is probably better then the ones before.
There is lot of energy from sun and other things in nature, like thermal waters, winds, storms, moving toward clean energy would be smart way for this world. This can be good not just for bitcoin miners, for everyone of us, including nature. I just don`t know how much affordable will it be, this new inventions are expensive in the beginning.

[Catmony]

Have seen about this even in my local newspaper in bold heading however we may have to wait 5-6 more years to see this being profitable for miners. Concept is nice, lets see how better and cheaper this can be in future.

[chixka000]

in short
bitmain are making a new mining facility.. and guess what.. not a single solar panel will be there
so if bitmain cant see solar panels as a cost saving.. forget it

That s because electricity s either heavily subsidized or even completely free of charge in China. Why would they invest lots and lots of money into solar panel when they can the same result using traditional and significantly cheaper options.

Well it's a good thing if you are in china or a place which electricity price is lower. But i  think that this could really be good in the near future especially in a country which i live. I think Tesla just created this one so it could be costly of course bitmain won't bother.

[BTCLovingDude]

Solar electricity - even if it is generated by larger power plants - is more expensive than conventionally generated electricity by a significant order of magnitude.

generation of electricity using solar is actually cheaper than any other method, maybe competing with using wind method but nothing else. you are thinking about the initial cost of buying the panels not generating electricity. and we are moving towards better (more efficient) panels with less cost these days.

http://solarcellcentral.com/cost_page.html

[Milkduds]

The trend with Tesla has been to pump a product to get endorsements and funding and then proceed to either give a product with glitches or fall backwards.
Almost get the feeling they need money constantly coming in to be innovative in the manner they are trying to push.
When they blewup that last shuttle with Zuckerburg's pet project in it,the blow back was pretty telling and it could drive a rift in the future when they are seeking funds.

To get involved in Solar means they have enough money to get around the lobbyists and have a inside track to proceed. I really doubt the utilities racket are sitting there waiting for Tesla to walk in and strip their profits down to nothing.
Innovative but a long way from establishing a foot hold.

[franky1]

ok lets think of it from another angle

the physical size of the panels

EG imagine a 1 metre square panel offered 350w/hour over 24 hours (average numbers dont knitpick)
for every 2metre square panel of roof space (4 panels) you can only run 1 ASIC.

good luck trying to rack and stack asics if your roof has a physical limit

[20kevin20]

For now it maybe is, but in a few years the required energy will be so high that we will not be able to sustain our energy for free from these solar powered roofs. Even now it might be impossible for some people like big miners. You need a lot of solar panels to run just one PC.

[robelneo]

Any violent reaction for this one? Honestly, this is very interesting especially if you do live into a place or certain country in which the temperature is quite higher. Usually, countries that are hotter electricity cost is also  much higher.


see reference link below:
https://techcrunch.com/2016/10/28/these-are-teslas-stunning-new-solar-roof-tiles-for-homes/

We really don't know if it's really going to benefit those who wants to mine in tropical countries,since there's still no price,and people in that region will have to pay for shipping and will hire people to install it.But this is great innovation.

[shinratensei_]

ok lets think of it from another angle

the physical size of the panels

EG imagine a 1 metre square panel offered 350w/hour over 24 hours (average numbers dont knitpick)
for every 2metre square panel of roof space (4 panels) you can only run 1 ASIC.

good luck trying to rack and stack asics if your roof has a physical limit

And that assumption is not including about the other factor outside of the intern factor, I mean behind of the intern factor we need for picking the outside factor. I ever heard if someone is said the solar panels are not having any enough immune for a meet against the storm. and basically for some statement the purpose of the solar panels are for decreasing some of the spending cost about the electricity(savings amount).


But your short speculation totally right.

[chixka000]

Well you do all have your point of view but i still can see this as much better way of mining,, in addition to this thread i saw something relevant another user found something good

Note: it is BITMAIN  and one of the largest data center and other thing they call eat as a high standard mining which is the primary source of energy is from the wind or the solar ,, think twice then  

https://bitcointalk.org/index.php?topic=1672708.msg0#new

[Daffadile]

Only long term miners would use a solar panel power since it takes many years to get your ROI but it is worth it. Also many factors to consider including direction solar panels are places and their height and the weather.

[Harlot]

Theses might be good for Tropical Countries in terms of cutting costs, but when you compute your expenses and the bitcoin you earn you still might need to reconsider before buying solar panels. Because unlike regular electricity, solar panels are expensive and not to mention about the needed regular maintenance for them to work properly. I would rather not go with solar panels if I am a small time miner.

[Kakmakr]

electricity has never been the biggest problem.

tiles are also not free.
so although you are not paying a monthly electric bill you are either repaying a loan to have the panels or paying a larger amount upfront to then get the savings (returns) later.

the main costs are the asics themselves

afterall..  due to hashrate rises every day, and difficulty rises every fortnight. its deemed best to try and get ROI within 6 months.


so even at zero.. you are still having to think about the.. THOUSANDS of $ to buy the tiles.
as for normal access to electric
one asic
at 20cents/kwh for 6 months electric = $900
at 10cents/kwh for 6 months electric =$450
at 5cents/kwh for 6 months electric = $225
and the $1600 to buy an asic

so paying thousands on solar power vs $225-$900 using normal electric providers is not a saving.

solar panels are only cheaper based on their 10 year lifespan, not on making bitcoin profits in 6months

In some countries the tiles are subsidized by the government, because they either do not have the capacity to supply enough electricity or they want to go "Green". They can just redistribute Carbon tax for this purpose. So the ROI on these tiles might be quicker for some, if they qualify for these tax subsidies. ^smile^

In the end, if you pay off the cost of these panels, you get a asset < that generate free electricity > as a reward for your effort, where other people have nothing and has to pay electricity bills. ^smile^