Quoting some of yall in one reply so we get this all sorted out
Hi,
thinking about starting a Solar Powered Mining Farm.
What devices do you think would suit such a farm best? I was thinking about a combination of ASICs and GPUs if we can get them at a cheap price.
Which ASICs could you recommend? We have a budget of let's say 300k €. The Electricity should be coming from Solar Panels and at night we draw from the power grid.
I thought about running devices at different algos and not only one. Is this good? Or should we just run 1 Algo?
Also when running that many devices is it better to run them in a pool, as solo miners or host our own pool and point them all to mine there?
Thanks in advance!
In my opinion, I am currently also doing mining for a year, but the steps you need to prepare are quite important, because if you do not understand the lines to optimize mining, it is very difficult. to be able to make high profits. As far as I see and use, the RX6600XT is the best, and you need to use solar energy, you need to calculate the time the solar machine's energy runs as well as the rainy and stormy days can not use this energy source.
Yes, we build a bigger solar farm than we actually need. Part of that electricity gets sent back to the power grid where we get most of our money from. The other part goes straight into mining. On rainy days or at night we draw power from the grid.
Assuming you are generating electricity for the sole use of mining:-
The general understanding is that 7 hours of sunshine alone is not enough to offset your usage in such a way that the solar side of the system will ROI in 3years unless you have a grid-tie setup. That money could infact be invested in more energy efficient (hence expensive) miners. So do your math carefully considering your electricity provider's policies around grid-tie.
But if you are a solar farm and want to mine, that's a different aspect altogether - which I believe is not the case.
That is actually the case, if i calculated that right we would statistically make more money per megawatthour in mining than in selling back the power.
I used solar energy every day for mining, here is my advice, if you are planning to use 500watt only for your rig make sure you go for 1000watt solar energy setup why? Because you will need batteries too so the remaining 500watt will charge your battery bank to full for night use
We plan on using a bit more than 500 watts, but thanks for the advice
Well, GPU's consumes less power for a decent hashrate. Especially the new optimized RX6600XT.
On a solar panel farm I would go with GPUs only
Where would be based the farm? How many solar hour you get per year?
Hi, thanks for your answer. That's what i thought. + We can resell the GPUs after a few years and upgrade to newer ones if available. Also thought about going with a RX6900XT/6800XT/6700XT or RTX3090/RTX3080Ti/3070Ti/3060Ti Farm cause these Cards seem to offer the best Break Even.
Also interested in Antminer E9 and Innosilicon A11, but if something in Ethereum changes I can just throw them away. The Innosilicon seems to have a Break Even in around 103 days tho, when we buy at 14900€ and expect it to make 122€ daily. Maybe the Antminer E9 could be a cheaper alternative to that one.
Yeah if the diffi stay where it stay, but it will go up. Real break even is 1 year maybe, but you must invest alot for your solar -> so your roi is 3 or 4 years for real.
E9 Miner can´t mine ETH lol
But all of you must go out of this thread after this post from op:
edit: Also thinking about Network. Is it possible to just split the Internet coming from our Router to a few Switches and get them all online?
First learn the basics of network, mining and so on.
This solar farm will never be build
As far as i know the E9 will mine Ethash, which is coincidentally the same algo that Ethereum uses. So why wouldn't the E9 mine Ethereum?
Second of all, this is actually kind of the stuff i graduated in. I just read somewhere that switches aren't recommended for ASICs, don't know why tho.
Third, I initially started mining in 2013/14 on those ASIC USB Sticks i bought from Amazon for 20€. Made some BTC but threw them and the ASIC Sticks away cause no one in my country accepted or even knew what Bitcoin was so it didn't make sense for 15 year old me to mine.
I strongly believe that this farm is in fact going to get built.
I use solar panels for mining and I can tell you with boldness that ASIC miners are bad news for solar panels unless you are rich, why? They consume too much electricity that's why, here are best cards for solar panels
1. Gtx1660 family ( normal, super, ti) (from 50watt to 70watts)
2. Radeon 6600XT (from 50-60watt)
3. RX5500XT (55watt)
4. RTX 3060Ti (120watt)
Thank you for one of the few replies that actually answer my questions. Straight to the point without actually telling me shit about "your stuff wont work cause i say so". Thank you for your ranking.
And to everyone mentioning LHR, someone on Reddit already found a way to speed up mining on LHR cards so don't really matter.
