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Author Topic: Mining in a country with power challenges.  (Read 769 times)
kano
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April 23, 2023, 11:59:50 PM
 #21

... or using cloud mining services may also be a viable option.
One of the great scams in BTC - yeah that's a bad suggestion you are making.

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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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mikeywith
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April 24, 2023, 12:32:53 AM
 #22

... or using cloud mining services may also be a viable option.
One of the great scams in BTC - yeah that's a bad suggestion you are making.

I think he is a bot, in his first statement he said this

Quote
challenge in areas with frequent power outages

And then he suggested "possible solutions" which happen to be 

Quote
joining a mining poo

I am desperate to know how joining a mining pool solves the power outage issues for miners, it doesn't seem like something a human would say.

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Smartvirus
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July 01, 2023, 10:28:06 PM
 #23

Quote
joining a mining poo

I am desperate to know how joining a mining pool solves the power outage issues for miners, it doesn't seem like something a human would say.
Lol… just look at the way you coined it…
Well he strayed. Am trying to fit it in terms of pooling resources but, it doesn’t explain what you would be contributing to the pool, mining from a region with long periods of power outage. It doesn’t go.

Apparently, the cost of running a mining farm isn’t something you could do economically using gasoline engines or which ever fossil fuel. You need some conventional energy source and should your nation have a good power holding authority and are able to produce and distribute well enough energy for a good number of hours.

It’s just something most developing nations are behind of.

R


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mikeywith
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July 02, 2023, 12:18:09 AM
 #24

Well he strayed. Am trying to fit it in terms of pooling resources but, it doesn’t explain what you would be contributing to the pool, mining from a region with long periods of power outage. It doesn’t go.



Well, you are going to have to use a mining pool despite the condition and cost of your electricity, but really that doesn't solve any issues related to power stability, I think he is a bot.


Quote
Apparently, the cost of running a mining farm isn’t something you could do economically using gasoline engines or which ever fossil fuel. You need some conventional energy source and should your nation have a good power holding authority and are able to produce and distribute well enough energy for a good number of hours.

It’s just something most developing nations are behind of.


Speaking of "economy" there is no difference between developing and developed nations in that regard, it all boils down to the cost of power, many developing nations have cheaper power rate than some of the most developed countries, after all, all that matters to the miner is how much are they going to pay.

With everything being equal, if you had to choose between mining in a country where the power rate is 1 cent per KwH, where the power cuts 6 hours a day, vs mining in a country that has 24/7 power but sells it at 10 cents KwH, what would be more economically viable? I still remember the Chinese moving hundreds of thousands of miners a few thousand miles a few times a year just to get 2-3 cents lower power rates.

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Uhwuchukwu53
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April 01, 2024, 03:35:35 PM
 #25

You have posed a very vague question. Outages how often? How good is the power when it is on?

If power outages are a very frequent thing then you need to get power that is not tied to your grid. eg solar, wind, small scale hydro etc.

If outages are common but not a regular thing then one has to ask how stable is the power when it is on? Miners MUST have a stable incoming voltage typically between 208-240VAC. Prolonged operation below or above that range will quickly kill the miners.

The solution is not far from this advice, I will liken the power outage to my nation where national grid collapsed unpredictable and everything the electricity distribution company don't quarnatee you of light even when the grid is without collapsed, mining in sere of such electric or power issue need external power as listed by Notfuzzywarm, out side from such the mining can't work.

One need weigh and calculate the outage of the power to know the best alternative if solar, hydro or any other sources of power can be suitable why considering the cost of running external power outside from the national grid.

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