Investing in solar power and miners - page 2.

philipma1957

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Quote from: Tolosi on December 08, 2022, 06:14:10 AM

Hi,

I am thinking of investing about value equivalent to 1BTC at today's price 16.K in a dedicated solar power panels at my roof and use the energy produced for mining bitcoins.
If I buy second hand miners with 200TH hash power included in the package, how I would calculate time of investment return?

well assuming you can get 10 k-watts for 14000 you only have the power to run

10000/5 =2000 watts 24/7

best case.

or

10000/6 = 1667 watts 24/7. you can get a used s19 for 1500 use braiins down clock it to burn say 2000 watts gives you around 60th

that is 60 x 7 cents = 4.20 a day or 4000 days to break even

that is 11 years.

I also left tons of constants.
7 cents a th in earnings constant
difficulty constant
16k for a coin constant

I left out all the incentives you government may give you for having the solar panels.

joniboini

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So I just did some basic search because I'm also curious about this. I'll use the US price for the panel installation. It seems like you need to pay around $13K on average to install a 6kw solar panel. Since you need to buy a miner too, you probably need to spend another $3k at least to buy a 100+ TH/s miner, something like S19. That means your cost on average is around $16k.

If you use the calculator shared by Bitmaxz to calculate this, you'll need around 2 years to break even. This assumes the difficulty decrease by 7 percent each month, the BTC price stays the same, your panel doesn't break, your miner doesn't break, you constantly mine at 110TH/s, and so on. Do calculate on your own though, since there are a lot of assumptions here and I'm probably wrong about some things (the rig choice, price projection, etc).

Here's the ref link that I use to find the data for the calculations:

Code:

https://www.coinwarz.com/mining/bitcoin/calculator
https://news.energysage.com/5kw-solar-systems-compare-prices-installers/
https://modernize.com/solar/panel-cost-calculator

BitMaxz

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Playbet.io - Crypto Casino and Sportsbook

There are some tools that you can use to calculate your ROI not accurate due to changes in the price of Bitcoin and difficulty but you can get an idea of how days or months you can reach the ROI.

Here's the tool that I'm talking about https://www.mycryptobuddy.com/BitcoinMiningCalculator

Tolosi

member

Activity: 73

Merit: 17

Hi,

I am thinking of investing about value equivalent to 1BTC at today's price 16.K in a dedicated solar power panels at my roof and use the energy produced for mining bitcoins.
If I buy second hand miners with 200TH hash power included in the package, how I would calculate time of investment return?

Topic: Investing in solar power and miners - page 2. (Read 354 times)