Topic: A power experiment for mining (Read 360 times)

'Bit-Gym' You should Trademark that, That's probably the best idea I have heard all week!

It really is "Proof of Work" Currency

A bike connected to a generator would convert the food and water a person consumes into electricity(as well as the hourly/rate value of what their time is worth).

10 horsepower = 7.457 kilowatts.

If it were possible to build a steam boiler that self heated to boiling point from sunlight & couple it with a steam engine running in a closed loop to preserve water/prevent water loss. That could generate something like free energy without some of the negative drawbacks of solar panels.

For crazy cat lady bitcoin miners, hamster wheels for cats/dogs/mice to run in and generate electricity could be an option.

Junkyards could have a surplus of alternators/induction generators. Jury rigged windmills could be another option.

such as 'Bit-Gym' generate bitcoin while workout ?  

I dont think "pedal Power" would really cut it

I saw on a property programme where someone
built a self sustaining house. It was electrically
powered by a bank of Submarine Batteries which
were charged by a wind turbine!

Wind and Solar are definitely the way to go as
they provide free power but its the installation
of the hardware that would make it viable or not.

i don't thinks that bike with generator is enough , you need more , a lot more especially for mining , but i think you can extract electricity from the light of the sun if you live in sunny country , that reduce cost of your bill 

Are you suggesting to hire someone full time to ride a bike to power your mining operation?

Also, pretty sure it would take a lot more than one miner to make a serious amount of power - enough to mine a lot of Bitcoin. It wouldn't be worth it even if you had a warehouse full of slaves and only had to feed them. You would still lose your shirt.

Loving the responses everyone! Yeah the main reason i popped in my mind is apparently with proper storage, you ca in fact run a house on that. I guess it's back to solar hahaha.

I think the power that will be created from the said bike generator will not suffice unless you go like really fast i mean the speed is insane then that might create more power. If you live somewhere near a waterfalls or a stream where the current is so strong that if you make a generator there it will produce more power than this bike.
I have seen it on a documentary, i think it was on national geographic where they made a generator near the river, they designed something like that of a wind mill or water mill or something, and it produced a good amount of power enough to provide electricity to the village.
If you can create something which is cost effective and will have an output enough to power a couple of asic miners, please do let us know. We will spread the word, you may even gain profit from it. I mean it's a good business.
Also while you are experimenting on this. If you may consider the cost of the tools or the equipment that will be used to build this as well as tne repair and maintenance of the equipment it will be great since you are just laying out everything on the table, putting everything into consideration, checking if in the end you will gain profit from it or you are just breaking even or worse case scenario is that you will be at a loss. You have to check if you building this would be advantageous or you are better off using the electricity from a power plant.

This power is not enough even for food for a GPU. You need a minimum of 500 kW to power a computer with one GPU. Is the price of electricity and you do not need to invent the wheel. It's very simple. You need a calculator to count their benefits.

I looked up how many watts one could produce by running on a bicycle and ended up with articles like this one: http://michaelbluejay.com/electricity/bicyclepower.html

The writer estimates one can produce ~100 Watts, not substracting any loss due to conversion or any hardware/repair costs.

An antminer S9 is currently the "best" ASIC on the market (the best J/Gh rate on the market).
It has a power draw of 1375W + 7% and a hashrate of 14 Th.

Basically, you'd need 14 of those bikes running 24/7 to power 1 antminer S9.

At current diff, block reward and BTC price, you'd make $12.91 a day (since your power would be "free"
https://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=14000&p=0&pc=0.00&pf=1&d=1103400932964.29000000&r=12.50000000&er=4087.21110000&hc=0.00

In order to run 14 bikes 24/7, i'd estimate you'd need at least 70-80 people employed fulltime
In my country you'll work 8 hours a day, 5 days a week, 52 weeks, 25 hollidays + 5 religious hollidays, 5 days of being ill (estimated) = 1800 hours/year
you need 14 bikes * 365 days * 24 hours = 122640 hours
122640/1800 = 68,1 fulltime employees (if everything goes right, and this only covers the bikes, not the maintenance, long illnesses, accidents, paperwork... So i'm going to assume you need at least 80 fulltime employees to cover all bases)

So, in my country, the costs would be:
80 employees * €35.000 + 1 antminer S9 (€1100) + 18 bikes (14 bikes + 4 spare bikes... I estimate them at €1000/piece including the convertor) = close to 3 million euro's/year

The profits would be €11*365 =~ €4000/year

The negative profit of the setup would be close to a net loss of about 3 million a year...

I'm not exactly sure what you mean.

According to that website, he only generated 200w @ 24v, a standard PC is around 300w @ 12v (plus a few watts on 5v), so it certainly wouldn't power a mining rig, and you would need more than a dozen to power a single household.

I was just thinking about this when considering interesting options to power mining operation.

What about a bike connected to a generator?

I believe a set up like that can power a house. If you extrapolated that out it leads to interesting questions. How many rigs could you power, and assuming it's possible at all. Is it possible to make a days wage or higher with such a process?

Ideas. thoughts and discussion welcome.

I just looked at the wattage and am very unsure.

One article on costs and how: http://www.popularmechanics.com/technology/gadgets/how-to/a10245/pedal-power-how-to-build-a-bike-generator-16627209/