Bitcoin mining hosting

[senseisk]

Hi All,
I hope this is the right subforum for this as I am new to the community.  I recently invested in a home and have spare rooms that I wish to rent out for bitcoin miners.  I have solar electricity and gig internet.  I am willing to sell excess electricity to miners or host their equipment to mine here.

If anyone is interested please let me know.

Thank you.

[NotFuzzyWarm]

You apparently do no realize just how much power Bitcoin miners draw (>1kw-3.5kw each) nor the fact that all that power is exhausted as heat -- think giant space heaters -- and the incredible amount of noise the cooling fans make pulling that heat from the miners...

You need to learn a lot more and rethink your idea.

[senseisk]

Thank you for your insight.

I have A/C that is not central and dedicated to the room that would host and and also can vent the heat outside.  I can achieve sound dampening via soft fabric or dedicated dampeners.  If these fans are louder than a 5000rpm hard plastic heatsink like a Thermaltake or similar, I might suggest better cooling.  I should be operating at an energy surplus, so if that is 1-3.5kw per day at 97% uptime that's 2444kwh per month.  That is an electric bill of about $285 per month and $3400 for the year.  At that time I suspect any mining solution to be inefficient as the electricity costs too much with the addition of internet and maintenance fees.

[Biffa]

No mate, a bitcoin miner pulls around 3.5kw continuously while mining, not per day.

[SAHucker]

No mate, a bitcoin miner pulls around 3.5kw continuously while mining, not per day.

Our one miner runs in the room were all our solar system hardware and battery sits.  That miner makes enough noise that if my wife is going to work in that room, she wears ear plugs.  Very far beyond the sound of any noise any of my server PC's has ever uttered.

Scott

[senseisk]

No mate, a bitcoin miner pulls around 3.5kw continuously while mining, not per day.

Can you help me with the math? How much energy will the system draw per hour? 3.5kw per what(hour? minute?)?

[stompix]

Can you help me with the math? How much energy will the system draw per hour? 3.5kw per what(hour? minute?)?

Since you asked about energy:
A 3.5kw (3500W) miner will burn 3.5 kwh in an hour and 84 kwh in a day, 2500 kwh a month.

With your excess electricity, you might be able to host one, but you said solar energy so does this mean you get that only during the day with a peak during midday and then zero? You will either need batteries or power the miners from the grid which will cut a lot into the savings.

If these fans are louder than a 5000rpm hard plastic heatsink like a Thermaltake or similar

They are louder than a vacuum cleaner running into a sock under the bed, around ~80 dB.

[mikeywith]

Can you help me with the math? How much energy will the system draw per hour? 3.5kw per what(hour? minute?)?

The unit of measurement you are looking for is called kWh or Kilowatt-hour, any thing that runs on electricity will have a label stating the draw in watts or kilowatts, it will be "W" or "KW".

To convert from W to KW you simply divide the number 1000, and then convert it to kWh you just multiply the KW by the number of hours you want to measure.

Example 1:

For a miner that uses 1200w, we divide it by 1000 to get 1.2k, to check how much it "consumes" in 3 hours, just do 1.2kw*3h = 3.6kWh.

Example 2:

A miner that uses 800w, divide by 1000 you get 0.8KW, to see how much it "consumes" in 30 mins you x it by 0.5 and you get 0.4kWh.

The average 10 or 15 solar arrays on the house roof can't handle mining operations, you will hardly be able to run your own miner on it, let alone "HOST" other people's miners.

[philipma1957]

rule of thumb

a 10k grid tied solar array gives

10/6= 1.67 kwatts 24 hours a day

if a really good area for sun

10/5 = 2.0 kwatts 24 hours a day.

so if grid tied 10kwatt averages 1.67 to 2 kwatts

and if battery less.

really good panels are around 400 watts

low grade panels are 200 watts.

many homes have 5000 to 10000 watt setups.

they can not do a s19 miner as they do not have enough power.

[senseisk]

So my math was correct that it would draw about 2444kwh per month? How is mining an effective solution for anyone? Do you outsource to other companies to mine or run hardware in underwater cooling silos or mountains?

[NotFuzzyWarm]

So my math was correct that it would draw about 2444kwh per month? How is mining an effective solution for anyone? Do you outsource to other companies to mine or run hardware in underwater cooling silos or mountains?

Simple - you just need reasonably CHEAP electricity and good airflow. Nothing complicated about it at all.