Setting up ASIC mining in India cutting 90% of the electricity cost

[crashedanon]

Currently, we are in the buying phase, where we are totally confused about which miner to buy and which one not to. Please suggest to us the best one in 100/104/110/140 TH.

how many years until the above-mentioned miners die?

And one of my questions is what will be the effect of the profitability of the above miners after the bitcoin halving?

And currently, we are planning to put up the whole setup on a 10kw off-grid solar power system.

[philipma1957]

Currently, we are in the buying phase, where we are totally confused about which miner to buy and which one not to. Please suggest to us the best one in 100/104/110/140 TH.

how many years until the above-mentioned miners die?

And one of my questions is what will be the effect of the profitability of the above miners after the bitcoin halving?

And currently, we are planning to put up the whole setup on a 10kw off-grid solar power system.

10kw solar wont run your miner.


no one can tell you profits 100 days from now and you are asking for profits more than 16 months from now

my best guess for miner life is a week to four years.


10 kwatts  so 4 go to the miner and 6 go to the battery.

If you are in a sunny part of india you will have six hours of full charge over the full day.

so add 6 x 6 = 36 hours charged that is about nine hours run time once it is dark

I would guess a 10kwatt off grid with really good battery setup will give you 18 to 20 hours of mining in a day.

As to which on you should get. Get the one that will come to you in under 30 days time.

[crashedanon]

10kw solar wont run your miner.


no one can tell you profits 100 days from now and you are asking for profits more than 16 months from now

my best guess for miner life is a week to four years.


10 kwatts  so 4 go to the miner and 6 go to the battery.

If you are in a sunny part of india you will have six hours of full charge over the full day.

so add 6 x 6 = 36 hours charged that is about nine hours run time once it is dark

I would guess a 10kwatt off grid with really good battery setup will give you 18 to 20 hours of mining in a day.

As to which on you should get. Get the one that will come to you in under 30 days time.

The calculations say 20 batteries would run great for at least 9 hours after dark, but the part where this thing goes weak is when we come to a point where enough electricity isn't produced. Well for the rest of the hours we plan to depend on the government power supply.

[henry_p]

The calculations say 20 batteries would run great for at least 9 hours after dark.

Theory and practice are the same in theory, but they are different in practice.

The deeper questions are:
What is your budget?
How much risk are you comfortable with?
What is your technical expertise?
Who can you rely on for the expertise you don't have?

The research and budgeting phases should precede the buying phase.

One machine failure out of 10 machine is unfortunate. But having only one machine and see it fail really sucks.

10k solar will power at most one unit (any S19 model) for reasons already mentioned by others. Then it's fun and games until the thing fails. Then it may or may not be possible to fix. Or it may last long after breaking even.

I think such a failure is relatively unlikely, but I would sleep so much better going from 5 functional units to 4 than from 1 to zero. In that sense, multiplying the setup may be "less risky" in that way.

Now, taking the "10kW one unit" risk knowingly, in a calculated and conscious way, is totally fine. It's better to know what could happen from the start than learning it the hard way.

If I barely had the budget for a 10kW capacity and a single S19, I would not take the risk. Even with no technical issue, it may still never break even.
If your goal is more about getting your hands dirty, learning and having fun than about return on investment, that's counts for a lot.

Have you used some profitability calculators online?
Did you precisely calculate your theoretical cost per kWh over different time frames?


Can you:
Buy and building the setup,
Look at the nice flow of income for a few weeks with a big smile,
Calculate that you expect to break even in 6 month (and so rich in a few years),
Smell some smoke and melted electronic (not covered by warranty or insurance), AND
Still be happy to have tried?

Also, miners that are breaking even at night and very profitable during the day is not too bad.

If the choice is between mining and buying BTC straight up, again the approach is different.

Keep in mind 10k will run AT MOST one miner IF and only if the theory and the environmental conditions all work in your favor.
Also, batteries have a life cycle, and solar panels don't last forever either.

[crashedanon]

Theory and practice are the same in theory, but they are different in practice.

The deeper questions are:
What is your budget?
How much risk are you comfortable with?
What is your technical expertise?
Who can you rely on for the expertise you don't have?

The research and budgeting phases should precede the buying phase.

One machine failure out of 10 machine is unfortunate. But having only one machine and see it fail really sucks.

10k solar will power at most one unit (any S19 model) for reasons already mentioned by others. Then it's fun and games until the thing fails. Then it may or may not be possible to fix. Or it may last long after breaking even.

I think such a failure is relatively unlikely, but I would sleep so much better going from 5 functional units to 4 than from 1 to zero. In that sense, multiplying the setup may be "less risky" in that way.

Now, taking the "10kW one unit" risk knowingly, in a calculated and conscious way, is totally fine. It's better to know what could happen from the start than learning it the hard way.

If I barely had the budget for a 10kW capacity and a single S19, I would not take the risk. Even with no technical issue, it may still never break even.
If your goal is more about getting your hands dirty, learning and having fun than about return on investment, that's counts for a lot.

Have you used some profitability calculators online?
Did you precisely calculate your theoretical cost per kWh over different time frames?


Can you:
Buy and building the setup,
Look at the nice flow of income for a few weeks with a big smile,
Calculate that you expect to break even in 6 month (and so rich in a few years),
Smell some smoke and melted electronic (not covered by warranty or insurance), AND
Still be happy to have tried?

Also, miners that are breaking even at night and very profitable during the day is not too bad.

If the choice is between mining and buying BTC straight up, again the approach is different.

Keep in mind 10k will run AT MOST one miner IF and only if the theory and the environmental conditions all work in your favor.
Also, batteries have a life cycle, and solar panels don't last forever either.

Currently, we are only dealing with one ASIC miner as we have just started and wanted to see if solar really work with ASIC miners. We are aware of most of the mishaps until now, and currently, we are not looking for ROI ONLY as the main goal of mining is different from the current POV.

I have used some professional and totally customized calculators like https://mycryptobuddy.com/BitcoinMiningCalculator

Our part of India has very little electricity supply as there is outrage very often.

Consider just the cost of ASIC miner while calculating the ROI as solar is not an investment from our point of view, and we are only considering the cost of the mining machine as of now.

[philipma1957]

Okay I am certain solar works.

We have 3 grid tied arrays here in NJ

45k
115k
280k getting built.

they will total 440k

the 45k is 1 year old
the 115k is from 2016 fully paid off due to the 2 runs in 2017 and 2021

the 280k is being built from profits.

Good solar installs will last more than 20 years.

WE grid tie because we get a good deal in the state of New Jersey.

Battery do not last long 3-5 years if not lithium

6-10 years if lithium.

If you do a 10k build you may well consider doing a gpu build and not a s19.

Gpu's have longer warrantee

and can use nice hash to earn BTC

you can also use less power  say 2000 watts with the build.


https://minerdude.com/product/x12012022/  you can find this case in a few places.


it will do 12 of these cards

https://www.pny.com/nvidia-rtx-a4000


or 12 of these cards

https://www.pny.com/nvidia-rtx-a4500

or any mixture of them.

much easier for you to demonstrate if your solar idea will work.

and of course you can slowly add the cards to the case.

I have a few cases with mixtures of nvidia cards I am happy with them

[crashedanon]

Okay I am certain solar works.

We have 3 grid tied arrays here in NJ

45k
115k
280k getting built.

they will total 440k

the 45k is 1 year old
the 115k is from 2016 fully paid off due to the 2 runs in 2017 and 2021

the 280k is being built from profits.

Good solar installs will last more than 20 years.

WE grid tie because we get a good deal in the state of New Jersey.

Battery do not last long 3-5 years if not lithium

6-10 years if lithium.

If you do a 10k build you may well consider doing a gpu build and not a s19.

Gpu's have longer warrantee

and can use nice hash to earn BTC

you can also use less power  say 2000 watts with the build.


https://minerdude.com/product/x12012022/  you can find this case in a few places.


it will do 12 of these cards

https://www.pny.com/nvidia-rtx-a4000


or 12 of these cards

https://www.pny.com/nvidia-rtx-a4500

or any mixture of them.

much easier for you to demonstrate if your solar idea will work.

and of course you can slowly add the cards to the case.

I have a few cases with mixtures of nvidia cards I am happy with them

I am unaware of GPU mining as it tells me it cannot produce enough Hashrate to mine BITCOINS like the ASIC's. Can you shed more light on it?

[henry_p]

[...]
If you do a 10k build you may well consider doing a gpu build and not a s19.

Gpu's have longer warrantee

and can use nice hash to earn BTC
[...]

I am unaware of GPU mining as it tells me it cannot produce enough Hashrate to mine BITCOINS like the ASIC's. Can you shed more light on it?

You are correct that GPUs are absolutely not suitable for mining bitcoin. What he is suggesting is to mine [whatever GPU minable crypto] and convert [that crypto] to BTC, e.g. using nicehash.

I chose the word "crypto" over the word "shitcoin" because it sounds so much better. But they can generate profits.

[spectre71]

Not wanting to negative to your idea but at this scale it isn't going to work financially, ever. No need to run the numbers as the recoup on that kind of investment would never happen in any meaningful way.

But take that cash investment and look at a hosted miner company that is located near cheap green power and get started now.

Bill