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Author Topic: Come and mine Bitcoin in Africa.  (Read 352 times)
Mate2237
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April 28, 2023, 05:27:45 PM
 #21

It's hard to mine when it's 40-50 degrees Celsius outside. If only somewhere in the mountains, where it is not so hot.
A lot of electricity has to be spent on cooling, and building their own stations to generate electricity. Lots of extra costs.

So which of the Celsius is the best weather to mine in African soil? Africa is a cool place to mine because all the resources are there. But the only problem the mining company might face the electricity and if the company comes with their own electrical equipment then their is nothing to worry about again. There are three types of first in Africa and a mining company can select anyone (place) to settle dawn. There are Tropical Rain Forest, Savanah Forest and Mangrove Forest. And the forests are subdivided into different weather season. Rain season, cool (harmartan) season and sun (hot) season. Miners can select any of this period and start their mining.









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Aikidoka
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April 28, 2023, 06:37:43 PM
 #22

It's hard to mine when it's 40-50 degrees Celsius outside. If only somewhere in the mountains, where it is not so hot.
A lot of electricity has to be spent on cooling, and building their own stations to generate electricity. Lots of extra costs.
Not all countries in Africa have high temperatures, but in areas where temperatures can reach 40 to 50 degrees Celsius, miners could set up a large solar energy facility to generate all the electricity needed for their business, including the mining equipment and cooling systems (when the temperature is very high).
This would create a cool and favorable atmosphere for mining operations within the company with a fully set up station with PV panels would be established outside to produce electricity. It is important to note that this project would require significant initial investment. However, in the long run I believe it has the potential to be highly profitable.
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April 29, 2023, 08:18:10 PM
 #23

It's hard to mine when it's 40-50 degrees Celsius outside. If only somewhere in the mountains, where it is not so hot.
A lot of electricity has to be spent on cooling, and building their own stations to generate electricity. Lots of extra costs.
Not all countries in Africa have high temperatures, but in areas where temperatures can reach 40 to 50 degrees Celsius, miners could set up a large solar energy facility to generate all the electricity needed for their business, including the mining equipment and cooling systems (when the temperature is very high).
This would create a cool and favorable atmosphere for mining operations within the company with a fully set up station with PV panels would be established outside to produce electricity. It is important to note that this project would require significant initial investment. However, in the long run I believe it has the potential to be highly profitable.
Where will I get electricity at night? The sun does not provide stable power all the time. This will be a difficult project for miners and they will not want to invest in infrastructure to extract electricity.

Aikidoka
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April 29, 2023, 08:33:22 PM
 #24

It's hard to mine when it's 40-50 degrees Celsius outside. If only somewhere in the mountains, where it is not so hot.
A lot of electricity has to be spent on cooling, and building their own stations to generate electricity. Lots of extra costs.
Not all countries in Africa have high temperatures, but in areas where temperatures can reach 40 to 50 degrees Celsius, miners could set up a large solar energy facility to generate all the electricity needed for their business, including the mining equipment and cooling systems (when the temperature is very high).
This would create a cool and favorable atmosphere for mining operations within the company with a fully set up station with PV panels would be established outside to produce electricity. It is important to note that this project would require significant initial investment. However, in the long run I believe it has the potential to be highly profitable.
Where will I get electricity at night? The sun does not provide stable power all the time. This will be a difficult project for miners and they will not want to invest in infrastructure to extract electricity.
I agree that PV-panels cannot generate electricity at night, but the energy generated during the day can be stored in batteries and used to power your station at night. I know that batteries can be expensive but they can be a worthwhile investment as they enable the project to provide electricity around the clock, making it a more viable and sustainable option.

So my point here is, if they can overcome the initial cost hurdle, then the project could still be feasible imo.
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April 30, 2023, 09:52:28 AM
 #25

I agree that PV-panels cannot generate electricity at night, but the energy generated during the day can be stored in batteries and used to power your station at night. I know that batteries can be expensive but they can be a worthwhile investment as they enable the project to provide electricity around the clock, making it a more viable and sustainable option.

So my point here is, if they can overcome the initial cost hurdle, then the project could still be feasible imo.

If it's feasible, why is nobody doing it?
Simple, because the cost of the batteries will never be offset, especially since you need a ton and you're going to have a full cycle every day.
If by overlapping with solar panels thus maximizing the interval in which you generate enough power to 12 hours as you don't generate electricity immediately after sunrise, you will still need to power one miner for the other 12 hours on batteries, one 3KW miner means 36 KWH, so that's half the battery of an electric car, that's going to have 365 cycles a year so it will be dead in 5 years at most, not to mention losing capacity, make the cheapest option possible with half used batteries sand you're up for another $10k upfront and $10k your miners needs to recover, this will an s19 makes around 3k a year before electricity.
Feasible? No!!!

Not all countries in Africa have high temperatures, but in areas where temperatures can reach 40 to 50 degrees Celsius, miners could set up a large solar energy facility to generate all the electricity needed for their business, including the mining equipment and cooling systems (when the temperature is very high).
This would create a cool and favorable atmosphere for mining operations within the company with a fully set up station with PV panels would be established outside to produce electricity. It is important to note that this project would require significant initial investment.

You're basically telling people that with enough investment you can build greenhouses and grow tomatoes in Svalbard.
Yes, you can, but why is nobody doing it?  Wink




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April 30, 2023, 12:31:34 PM
Merited by stompix (2)
 #26

Yeah battery based solar = too costly. Simple as that.

And even the best solar areas have only 6 full hours of sun year round. As the first 2 or 3 morning hours are weak and the last 2 or 3 evening hours are weak.

So 6 on solar and 18 on batteries means lots of batteries. A 3kwatt s19 will use close to 75 kwatts a day. 50 of which will be from batteries.  So 12kwatts in panels gives

9 x 6 = 54 kwatts excess in the sun and guess  what it is not enough since you really want 50% drain on a battery So you need 20kwatts in panels

17 x 6 = 102 kwatts excess for dark time drains down to 51 kwatts

well 20 kwatts is 50x 400 kwatt panels .  Lucky if it cost you 40k.  And how many good batteries do you need 200 amp at 12 is 2.4kwatts or 1.2 kwatts at proper discharge.

so 45 batteries for 1 s19
and 50 panels
and an inverter
and a proper charger.

You will be hard pressed to build that under 50k and maybe it lasts 5 years. then new batteries.

and s19 makes 7 or 8 a day x 365 = 2555-2920 a year or 12775 to 14600 in 5 years.

then new batteries adds at least 5k cost.

so 50k upfront
      5k in five years
 55k gives you 10 years power

and maybe 26k earned.

Battery solar is very tough to make work due to battery replacement costs.

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