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Mining bitcoins requirements
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Topic: Mining bitcoins requirements (Read 842 times)
youssefdaoud
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Mining bitcoins requirements
September 04, 2017, 08:59:16 AM
#1
Hi every one, I understand that mining bitcoins require a lot of energy.
What do you think about creating a mining farm using solar energy in a country where it's sunny all the time.
What should be required? Please let me know, I have a good idea and chance to start that.
Thanks
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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kinzey
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Blockchain with solar energy
Re: Mining bitcoins requirements
September 30, 2017, 02:01:39 AM
#2
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Re: Mining bitcoins requirements
September 30, 2017, 05:09:12 PM
#3
...thumbs up
unholycactus
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Re: Mining bitcoins requirements
September 30, 2017, 06:03:46 PM
#4
If you're aiming for 24/7 uptime, you'll need batteries to store energy. Keep in mind there's no sun at night or clouds could pass by.
This makes the infrastructure around your miners complicated and probably hurts your profitability.
Basics for mining include:
1. Internet connection
2. Power supply (it's more complicated in your case)
3. Miners
4. Space
5. Decent cooling
APLA-support
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Re: Mining bitcoins requirements
October 04, 2017, 07:28:48 PM
#5
Where do you think will be good?
29r
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Re: Mining bitcoins requirements
October 04, 2017, 07:55:43 PM
#6
Solar is good to replace low energy use cases; miners are high energy usage and would require a lot of solar equipment and batteries that would have a very long ROI over paying energy bills and negotiating lower prices with your provider. If you had a solar installation for some other purpose, mining would be a great way to use up any excess capacity.
ginanta
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Re: Mining bitcoins requirements
October 05, 2017, 01:13:55 AM
#7
miner miner requirements? haha still has not thought of nambang. capital does not exist yet.
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