Renewable energy for miners

[OsaiEmma]

yeah and costs are complex if you are usa based. as write offs for tax is allowed.

cashing when coins were over 100 is allowed and it is income more than cap gains.

ie mine and cash the coins when high and write the gear off.  means it does not cost as much as 5k a unit.

usa law.

the mining box is long term writeoff maybe over five year. 45000/5=9,000 write off

so taxes are reduced a lot.

but the earning became too small for four people and the father and son that owned the building took over.

Hmmm, the tax law is basically encouraging holding of mined assets, but it can get trickier if someone starts mining from the bull season where you have to sell immediately since the market is all green before it turns red.

With that been said, then we can say that solo mining is better than group mining then, right, and is this applied just in the case of using solar or generally?

[FP91G]

With that been said, then we can say that solo mining is better than group mining then, right, and is this applied just in the case of using solar or generally?

The problem with solo mining is that you can mine for a long time and earn zero dollars in profit. If the odds were high, many mining companies would devote a small portion of their hashpower to solo mining. They don't do this because the calculator shows that mining in a shared pool is more profitable.

[OsaiEmma]

With that been said, then we can say that solo mining is better than group mining then, right, and is this applied just in the case of using solar or generally?

The problem with solo mining is that you can mine for a long time and earn zero dollars in profit. If the odds were high, many mining companies would devote a small portion of their hashpower to solo mining. They don't do this because the calculator shows that mining in a shared pool is more profitable.

Hmmm, this is a serious point made, so what are the major differences between pool mining and group mining, where group of individuals pull their resources together to start up mining. Honestly I feel like group mining should be more profitable but from the points made by Philipma, it seems like group mining is less profitable.

Unless you're talking about mining pool which I really haven't done a deep research on it so as to understand how it works exactly and how it is different from group mining, but I'll do that research.

But can you tell me like the major difference between group mining and pool mining or are the the same thing, like pool mining is basically a group of people coming together to mine and then share the profit based on their shares or contributions to the pool.

[FP91G]

With that been said, then we can say that solo mining is better than group mining then, right, and is this applied just in the case of using solar or generally?

The problem with solo mining is that you can mine for a long time and earn zero dollars in profit. If the odds were high, many mining companies would devote a small portion of their hashpower to solo mining. They don't do this because the calculator shows that mining in a shared pool is more profitable.

Hmmm, this is a serious point made, so what are the major differences between pool mining and group mining, where group of individuals pull their resources together to start up mining. Honestly I feel like group mining should be more profitable but from the points made by Philipma, it seems like group mining is less profitable.

Unless you're talking about mining pool which I really haven't done a deep research on it so as to understand how it works exactly and how it is different from group mining, but I'll do that research.

But can you tell me like the major difference between group mining and pool mining or are the the same thing, like pool mining is basically a group of people coming together to mine and then share the profit based on their shares or contributions to the pool.

Classic solo mining is when I mine exclusively on my own equipment and receive the full reward. Hashrates are very high these days, so it's very difficult to make money solo mining with weak equipment. You're right that there's no difference in the mining process. However, on a regular pool, the reward is divided among everyone based on the shares each user solves, while in a solo pool, only the one miner who finds the correct solution receives the reward.

In the first case, a team of treasure hunters arrived on the island, found a treasure, and everyone received a reward, depending on their share of participation in the process, and in the second case (solo mining), only the one who found the treasure received a reward, and the others received nothing.

[OsaiEmma]

Hmmm, this is a serious point made, so what are the major differences between pool mining and group mining, where group of individuals pull their resources together to start up mining. Honestly I feel like group mining should be more profitable but from the points made by Philipma, it seems like group mining is less profitable.

Unless you're talking about mining pool which I really haven't done a deep research on it so as to understand how it works exactly and how it is different from group mining, but I'll do that research.

But can you tell me like the major difference between group mining and pool mining or are the the same thing, like pool mining is basically a group of people coming together to mine and then share the profit based on their shares or contributions to the pool.

Classic solo mining is when I mine exclusively on my own equipment and receive the full reward. Hashrates are very high these days, so it's very difficult to make money solo mining with weak equipment. You're right that there's no difference in the mining process. However, on a regular pool, the reward is divided among everyone based on the shares each user solves, while in a solo pool, only the one miner who finds the correct solution receives the reward.

In the first case, a team of treasure hunters arrived on the island, found a treasure, and everyone received a reward, depending on their share of participation in the process, and in the second case (solo mining), only the one who found the treasure received a reward, and the others received nothing.

Ok....that comparison makes a lot of sense, I get it now, in as much as you can actually put in the effort, the reward is huge compared to group or pool mining as a solo miner, noted. Thanks for your contributions.

[PrivacyBTC]

One thing that gets glossed over when people talk renewable + mining: the power is only "cheap" if the site stays online.

We've run small fleets on free / near-free power before. The economics look great on a spreadsheet, then a breaker trips overnight and you lose half a day before anyone notices. Renewable sites also tend to have more variable load (solar dips, generator hiccups, weird voltage), so reject rates and thermal throttling show up faster than on a clean grid rack.

Practical checklist we use:
- Track actual TH vs what the pool shows (don't trust the miner UI alone)
- Alert on offline + high reject %, not just "hashrate low"
- Recalc break-even after difficulty moves — free power doesn't cancel a bad machine/pool combo
- If you're remote / multi-site, something has to page you when a box dies

We wrote up how we handle the monitoring side here (disclosure: we built Farm Manager for our own racks, free tier):
https://www.hashrate.farm/blog/hashrate-farm-manager-free-asic-monitoring-alerts-and-cloud-control

Curious what mix people here are actually on — solar + battery, hydro, flared gas, or just "landlord doesn't meter"?

[FP91G]

Hmmm, this is a serious point made, so what are the major differences between pool mining and group mining, where group of individuals pull their resources together to start up mining. Honestly I feel like group mining should be more profitable but from the points made by Philipma, it seems like group mining is less profitable.

Unless you're talking about mining pool which I really haven't done a deep research on it so as to understand how it works exactly and how it is different from group mining, but I'll do that research.

But can you tell me like the major difference between group mining and pool mining or are the the same thing, like pool mining is basically a group of people coming together to mine and then share the profit based on their shares or contributions to the pool.

Classic solo mining is when I mine exclusively on my own equipment and receive the full reward. Hashrates are very high these days, so it's very difficult to make money solo mining with weak equipment. You're right that there's no difference in the mining process. However, on a regular pool, the reward is divided among everyone based on the shares each user solves, while in a solo pool, only the one miner who finds the correct solution receives the reward.

In the first case, a team of treasure hunters arrived on the island, found a treasure, and everyone received a reward, depending on their share of participation in the process, and in the second case (solo mining), only the one who found the treasure received a reward, and the others received nothing.

Ok....that comparison makes a lot of sense, I get it now, in as much as you can actually put in the effort, the reward is huge compared to group or pool mining as a solo miner, noted. Thanks for your contributions.

Solo pools have now emerged that offer different profit distribution options. For example, the miner who makes the correct calculation receives 50-70% of the reward, and the rest is divided among the other solo pool members. This is a small way to combine two mining modes.