Solar powered CPU mining

[r1sc]

I see alot of people are saying alt mining is dead due to the high cost of power consumption. If I run a CPU miner on solar power, would that make it worth doing?

[bathrobehero]

CPU mining is bad; they're not that well suited for hashing as GPUs, their cost is too much in comparison to their hashing speeds and you can't scale them (1 PC = 1 CPU, maybe 2).

[r1sc]

CPU mining is bad; they're not that well suited for hashing as GPUs, their cost is too much in comparison to their hashing speeds and you can't scale them (1 PC = 1 CPU, maybe 2).

using a gui miner i can use 4 cpu's and have had success mining many altcoins, we are on solar power here and I'm curious to know if the high power bills were the only reason people say cpu mining is dead? I've got my eye on a new desktop computer with octo-core processor for my next mining project.

[irwanjabryg]

This is very good but I do not know the cost to make solar system, if this cheaper is worth a try.
we can make comparisons and choose cheaper energy. there are various alternatives to save electricity. for example using wind and water energy.

[bathrobehero]

Imagine each CPU core being a very stong dude. Now imagine each GPU core is like an 8-year-old kid.

Now, CPUs generally have 2-8 cores while GPUs have thousands(!) of much weaker cores.

But hashing (mining) is like having to gather berries in a forest; thousands of kids will gather a shitton more berries than a few big dudes.


And CPUs are too expensive in comparison to their mining performance they'll take years to mine back their costs. And then there are botnets, meaning thousands of computers are mining CPU coins making things even worse.

And while you can put 6-12 GPUs into a single computer, you can only put 1 (maybe 2) processors into a PC so you have to spend on Motherboard/RAM/HDD/PSU on all of them.


It's just a bad idea altogether - from a profit standpoint at least.

[Sev18]

Users of my local mining community calculated the profitability,
but the conclusion was that it's nearly impossible to make profit considering the price and lifetime of solar panel.

[NeuroticFish]

If I run a CPU miner on solar power, would that make it worth doing?

If you have very new CPUs (like i7 gen 6+) and you mine Monero you may have a tiny chance.
But CPU mining is basically waste of time and resources.
However, the best option is to mine for about 1-2 days, see what the average is and do the math yourself.

[Leass]

Users of my local mining community calculated the profitability,
but the conclusion was that it's nearly impossible to make profit considering the price and lifetime of solar panel.

With CPU - I'd agree, but with GPU it's kind of a different story.
In my country (central EU) the cost of small solar power plant system with battery is about 3k usd (3,5kWpi). Lets say that we'll use it to power 8x1080 ti (250w ea, so 2kW rig at price of around 7k usd). Since the power of powerplant at peak is 3.5kW, I think we could assume that our rig will have 80% uptime on solar plant and rest from main cord. At our rates 1kWh is ~0.14$, so our rig will use 6.72$ daily, and our solar will 'earn us' 5.37$. It put solar ROI 558 days ROI with warranty of 10 years. Pretty good

[adam1230]

You can give a try for BiblePay its profitable for CPU mining.
I don't know much CPU coins with asic resist. Thats the only one i guess.

[RXCoins]

Would not it be better to mine with hard drives?

[phundred]

Would not it be better to mine with hard drives?

There are a few hard drive mining coins such as burst and storj. But the ROI is too little, not quite worth unless you already have some free hard drives to use.

[Agozyen]

CPU mining is bad; they're not that well suited for hashing as GPUs, their cost is too much in comparison to their hashing speeds and you can't scale them (1 PC = 1 CPU, maybe 2).

using a gui miner i can use 4 cpu's and have had success mining many altcoins, we are on solar power here and I'm curious to know if the high power bills were the only reason people say cpu mining is dead? I've got my eye on a new desktop computer with octo-core processor for my next mining project.

You aren't going to mine a lot of anything on a CPU.  There are coins out there ( I don't know CPU coins ) but even at free electricity you will need many computers to make a substantial profit.  However, there are coins that you can buy that will 'stake', like RAIN, EMB, B3 and others that will generate more coins over time.  It isn't technically CPU mining, but it can be profitable if you have enough coins to stake.  The more coins you start out with the more coins you get.  

 Here is an example, XPTX has an interest rate of 230%.  If you start out with 100 XPTX then (on average) one year later you would have generated an additional 230 XPTX, giving you a total of 330 XPTX.  

 I am not recommending the coins I mentioned.  I am using them as examples, there are more coins out there, please research before investing in them and read up on staking.  

EDIT:  It's possible to stake while also mining a coin.  It's not mutually exclusive, so you can experiment with both on same PC.

[stugots2]

I have several systems Xeon's  I7's tried em all, tried to find a TINY bit of worth in it!!!! NONE

[antantti]

We have solar on our house for a few years now and trust me when i say that you need to take under consideration many things.

In my opinion it could be viable if you managed to plan on doing it without batteries (will dramatically cut down costs as well as performance) but it also depends on what you're going to mine. If you forget about batteries and only run it during the day (no need to store power), you will get the invested money back much faster.

It will be a real pain in the ass to optimize your setup and make it efficient though.

gorenje knows the facts, batteries kill all the profits, I still don't understand how that teslaguy can run his business.

I have used solar power for almost 20 years now and first started to play with the idea of solar-only mining when nvidia maxwell's (750ti) came out, never made any prototypes but the idea itself is fascinating.

System would need sun and internet connection, the most power efficient hardware (hash/watt) you can find, it would have to know how to boot on power.

Obviously that wouldn't be a goldmine but when hardware is getting more efficient we are getting closer to the point where it could actually work. 20 cents/ day is a lot of money in some parts of the world.

OT:

Looking at this section of bct there is an inevitable everlasting bullmarket ahead of us. In theory, would it be possible that every human (and their pets) in this planet just started their own farms and we would never ever need to do anything again? Washing machines, microwaves, toasters would have asics integrated? Most of this shit is going to the moon, we could start remote farms there, plenty of solarpower available. Would that work?

(:

[Mr_Snipes]

If you live in a very sunny place it would be a cool fun project for sure.
There are places where you can melt nails with a frensel-lens of an old rear-projector.
And a lot places where you do not have so many sunny hours/year.
If you are a tinker you could build some kind of storage-system where water is pumped up and released in a tiny turbine at night.
That is what switzerland does- they pump up water in a dam when power is cheap and release it to generate power when they can sell it at high prices.

One day i wanna have a house and a little river nearby to play with such stuff   

[antantti]

One day i wanna have a house and a little river nearby to play with such stuff   

This is what I'm dreaming about. Add some wind, solar, fiber and brown trout.
 

[btct22]

I used to mine bitcoin a lot.  Now I've got a garage of dusty mining gear, and have gone all in on Masternode coins.  Beats mining hands down!  No gear to buy, no extra power to pay for.

Here is some background info: https://www.investitin.com/masternode/  

and a new site that has launched that compares these coins is: https://masternodes.pro/

I use XenServer and host several nodes on a single PC. The cost of running 1 node is about the same as running 50 (yes, maybe one day  ) , and the profit potential is pretty ridiculous if you diversify into a few of these coins.

So with this setup it is definitely possible to  run a solar powered mining op because you might need max 250W to run a reasonably specced PC with lots of RAM.

[antantti]

masternodeblaablaablaa

True, as long as you can find that greater fool. Solar power has nothing to do with it.

[btct22]

masternodeblaablaablaa

True, as long as you can find that greater fool. Solar power has nothing to do with it.

Yes it does, my brother in law is running his masternodes with his solar installation. And I've bought some panels as well which I'll set up this summer.   

But whats wrong with masternode coins?  They have this intrinsic value property that other coins don't have.  If you know a better way to increase your crypto supply I'd be keen to try it out.

[CryptoLex]

I reckon just stick to masternode coins, way cheaper and better ROI