Noob wants to try mining.

[Addy33]

Hello everybobey.

I am coming from switzerland, and the bitcoon mining is interesting for me.
First of all, i have a family and need to pay bills, so that i don't have so many bitcoins, as i think i should have. Because it is financial not possible right now...

So i build by my own a solar system (offline not smart because of security)

And in summertime, i of corse have way too much energy with my oversized PV. And i don't have a battery because thats in financial way nonsense.

So that's for the background...

Now i have a heating system with heat pump for heating and electrical boiler for hot water . (It was already there, as we bought the house)

Now i want to change at least the boiler to a bitcoin miner with waterheating... i want anyhow to use the overproduction for that.

For your information. For th electical energy i pay 0.28CHF /kwh (around 0.35USD) and get back for the overproduction 0.06CHF/kwh (0.08USD)

And now i don't know what kind  of miner could be an option for me. Just for beeing a pioneer and fun, i can't do that... for that is my daily live with the family too expensive...

Does anybodey has an opinion or even solution for that...?

Second question... i have an old notebook i worked with as an engineer. It was really good. But now windows does not allow to use it with win11 .... the powerful navidia there... is it anyhow usable to do mining? The notebook is not used anymore or anything else.

I read about collective mining. I guess that wilö be mlre useful for my situation. But can you give me some helps? I don't know much about all that, yet and there are many different information out there in the WWW....

Thabks and best regards

Adrian

[NotFuzzyWarm]

Start with the laptop - it is virtually impossible to mine with it. Even the most powerful PC and video cards are many orders of magnitude too slow. That said, loaded to use Linux it would make a dandy controller running cgminer letting you run any USB miner made by GekkoScience (Sidehack). Main thread is here. Sole remaining official cgminer repo ran by Kano who is one of the 2 original devs is in my sig

[mikeywith]

For your information. For th electical energy i pay 0.28CHF /kwh (around 0.35USD) and get back for the overproduction 0.06CHF/kwh (0.08USD)

Wow, that's an outright scam. .

Anyway, you missed a very important piece of info, which is how much power you got sitting on the sidelines? Let's just drop a random example of 3KW for 4 hours a day, or a total of 12kWh, you could sell that to the grid and make roughly $1 a day with no added investment or risk.

If you buy a 3KW gear instead and say it's an M60 170th costs roughly $2000 (not sure about tax and so on in your country) it makes 9$ / day or $1.5 every 4 hours, but then you already lose that $1 of selling the surplus, so in reality, you only end up making 0.5$ a day for $2000 investment that's a terribe one.

The 4 hours, the M60, and even the current profitability are all RANDOM. You may plot other numbers as you wish --  the logic stays the same; mining is not for you.

[Mia Chloe]

~snip

As much as I'd hate it to break it to you solo miners actually don'take a decent amount like you probably believe they do for you to have picked mining. For you to decently mine you should have a setup that can generate a profitable hash power for you and most importantly you'll need a cheap and sustainable electrical source.
Solar may be decent but it's expensive to manage and setup considering what you want to build. Mining is no longer a big game for solo miners like it was a decade ago.

[NotFuzzyWarm]

For your information. For the lectical energy i pay 0.28CHF /kwh (around 0.35USD) and get back for the overproduction 0.06CHF/kwh (0.08USD)

Wow, that's an outright scam. .
<snip>

Not really.
Most grid-tie plans pay you what the Utility who is your direct power provider pays their bulk power providers. In most areas the initial gov subsidies or gov set min price they can pay you are either now gone or soon will be. Where I live the residential consumer rate is $0.17-0.22/KWh and they pay $0.025/KWh for any energy I would provide them. The difference between consumer rate and a provider rate is that the consumer one includes all costs for the distribution infra, operating costs, gov tariffs, etc on top of what the Utility is paying for buying power from bulk providers or generating it themselves. With a grid-tie setup you are just 1 more 'bulk' power provider and are paid accordingly when you are supplying power.

A key point is that if I'm providing power to them that (should) mean that my solar/wind setup is providing ALL your power needs when it can. A huge saving for the consumer with any 'earnings' you get from selling excess power being gravy that helps pay for power when I can't generate it. The savings from not having to pay for all the power I consume is where the ROI comes from.

Another point is that in my area you are only allowed to provide up to 110% of the power you consumed the previous year. The Utilities can't be encouraging everyone to become a larger energy provider because The Grid is not setup to handle & control more than a fraction of the grids capacity when the power is coming from a myriad of small local providers who are supplying a highly variable amount of power to their local grid.

[woa2019]

What if there is no sun?