Buying mini hydroelectric powerplant for mining operation

[justone123]

I was thinking of buying a small hydroelectric powerplant and start a mining operation.

How many miners could a say 17KW powerplant power? I would have some BTC and some GPU miners.

Is this a good plan. Would this work, or is it not worth it? Say the "powerplant" would cost like 50k$.

Any suggestions?

[picchiorosso]

Not worth it in my opinion. With 17kW (10 S9 + cooling + power plants needs) it will take years to reach break even.

[castiel0504]

Its not only about buying "mini hydroelectric powerplant" ... There are a lot of things that you need to take in consideration. I was thinking of this as well, and have done research how to do it in my country(even if its 3rd world its expensive). In total it would be 3.5m euros.

In the background of everything, you need to:

1) Buy land
2) Take shit ton of permits from government
3) You need to find PERFECT land, where you are not harming nature, or people(again government)
4) After that you need to find contractors
5) And in the end you need to start working with electricity and hydro pump

Timetable for doing all of this, because you can't do 1 if you don't have another(permits) can take up to 2-3 years. So when you look time needed to do everything, its to much work honestly

[justone123]

Its not only about buying "mini hydroelectric powerplant" ... There are a lot of things that you need to take in consideration. I was thinking of this as well, and have done research how to do it in my country(even if its 3rd world its expensive). In total it would be 3.5m euros.

In the background of everything, you need to:

1) Buy land
2) Take shit ton of permits from government
3) You need to find PERFECT land, where you are not harming nature, or people(again government)
4) After that you need to find contractors
5) And in the end you need to start working with electricity and hydro pump

Timetable for doing all of this, because you can't do 1 if you don't have another(permits) can take up to 2-3 years. So when you look time needed to do everything, its to much work honestly

What if you buy an already existing hydroelectric powerplant. ROI on the electricity production alone is like 20 years so there would be many intrested in selling.

You just connect to the miners and that's it. No permits needed? Or is it still better to just pay for the electricity?

[castiel0504]

What if you buy an already existing hydroelectric powerplant. ROI on the electricity production alone is like 20 years so there would be many intrested in selling.

You just connect to the miners and that's it. No permits needed? Or is it still better to just pay for the electricity?

Yea but what i was saying is... 3.5m euros is for around 20-50MW, im not sure for megawat numbers, i did research like few months ago, those are crazy numbers AND JUST FOR BUILDING... I'm not sure will they ask that much, that price would be MUCH HIGHER...but again, for buying something like that, you would need a lot of miners to invest, and additional paperwork yadda yadda yadda bla bla bla etc etc etc. No one would like to jump into that projects its simply to much work. Plus this numbers are "cheap" since i am in third world country. Expect prices to go much higher depend on from where you choose location for building.

[btc-haze]

the big miners in China are doing that, but they are buying small facilities that have ceased operations,

they will invest and bring it back to life. apparently there are a lot of these "dead hydro plants" in Sichuan

[newfulluser]

Buying a hydro plant for 17kw is not worth it imho, you can get that kind of power cheap without the need for dedicated wiring in any wharehouse...
If you do it go big, 300kw at least

[Sandal_Hat]

I was thinking of buying a small hydroelectric powerplant and start a mining operation.

How many miners could a say 17KW powerplant power? I would have some BTC and some GPU miners.

Is this a good plan. Would this work, or is it not worth it? Say the "powerplant" would cost like 50k$.

Any suggestions?

How can a powerplant cost 50k? It is bound to cost a hell lot more?

[QuintLeo]

We're talking VERY SMALL scale here, 17KW on a hydro powerplant isn't even counted as "micro" by industry standards.

 The question is "is that "installed plate capacity" or is that the "average power output", there's a HUGE difference in those numbers for most hydro power.

 For an example, the Grand Coulee dam has an "installed capacity" of just over 6.8 Gigawatts (6809 Megawatts) - but on average over the course of a normal year it only puts out ballpark 2.3 Gigawatt-hours per hour for various reasons - and it's considered to be above average by a bit in percent of capacity actually USED over a year in most years.