Topic: Solar Mining (Read 4146 times)

Now bitcoin price rose that much i think solar mining should have become a profitable business, isn't it?

Building a solar farm is still costly but if you sell your mined bitcoins as soon as you mine them, you should be able to get your ROI in no time.

Yep buysolar and I have a joint venture with his array.

But he has a 2 acre field filled with panels.

We are in NJ,lack  of light in the,winter lowers the free power but moving the miners from a barn to his basement gives him free heat.

So we can make the system work.

Say 11 kwatts in the summer and 6 kwatts in the winter.

Ha ha ha! TO power up a profitable bitcoin mining setup using alternate energy, you need a decent amount of space to install that many solar panels. Initially the cost of installing will be high, but that's an one time cost. Once you are done, you will be able to make profit because you won't have to pay electricity cost.

Howevee, wind turbine is not a feasible idea because you need to invest a lot more than solar panels and also you will need a big place to install one. If you have a farm house with fair amount of land, then it might be a good idea, otherwise scrap it and try altcoin mining.

Guys, you are getting nowhere with this. Solar panels are worth it only if you get a lot of sun hours per day. For instance in Arizona there's plenty of sun, but the more North you go the worse it gets for the panels.

Map: expected number of full sun-hours you can expect in different locations. 1 sun-hour equals 1 kWh per square meter per day

Too expensive

we are not talking about solar used in home choirs and surely if we used that at home we can minimize or shall we say lessen the fee unlike using the coal/geotermal electricity, a

One thing i must say but not sure is we cannot still guarantee to earn and lessen the fees by using solar power since i think it has still high of maintenance cost and we trully need to be knowledgable on using it so we can earn some profits on mining itself.

i think we can use the solar energy in our daily life, i see the example of this and the electricity in daily is always on except the place to save the electricity energy is empty. but for your info, to build our solar electricity need a big cost but after that, we can free of the charge in monthly to not pay the fee by monthly, at least we only need to maintain our solar electricity from any damage.

Your idea is much better than to use electricity directly that we purchase with monthly bill .
Actually here the best way to use solar energy for bitcoin mining is to have a solar inverter and solar direct DC to ac plate ( rectifier circuit ) .
About 2 years ago one of my friends used the miner with electricity of solar panel .
He just simply bought the solar inverter and then connected the ac output of the inverter with miner and pc , here I am.not sure that which of thebitcoin miner was using by him ,.but his plan was working .
Unfortunately a problem occur here , you can't use solar inverter in the night because you can generate electricity fro. your backup batter more than 4-5 hours , so mining can be done perfectly in the day light time
.

To the best of my knowledge I'm the first person to mine with solar energy.
A previous poster said to just get a solar panel with a micro inverter and plug it in to an outlet. In my state and most states in the US that's completely illegal and potentially life threatening. You need to get special permissions and equipment before plugging it into your house electrical circuit. Without getting the appropriate approvals you could be subjecting yourself to criminal charges. Additional, you could be risking setting your house on fire, if you're not aware of how to properly size circuits for back feeding solar energy. So make sure that you're taking the proper precautions and consulting with professionals before you start plugging solar panels into outlets in your home.
With that said, right now solar energy is very cheap compared to other sources. The safest method for powering a miner would be to get a miner that is configured to be powered by DC energy either 12volt, 24volt or 48. Then purchase a quality charge controller configured to put out that voltage that also has set points for minimum maximum battery discharge for shutdown and startup. Add a cheap battery from a local supplier, And purchase a quality solar panel with a 20 year warranty or get a used solar panel from a reputable supplier.  This will be the least expensive way to power a miner, the miner would only run when the sun is putting out enough energy to power the miner but you will have paid for the energy to run the miner for as long as the miner continues to work, if you'd like you could expand the system with batteries but that will add extra expense.   

https://www.EcologicalSystems.biz is located in NJ has an excellent reputation and has been in business for over 20years. They currently have used solar panels available for 20cents/watt and brand new panels for as low as 45cents/watt.

Shipping costs for solar tend to be a big part of the expense. So often times the price per watt for small orders is less important than the cost of delivery. You might be better off getting solar panels at a higher price per watt from a local company, than having them shipped to you.

Hello guys,
as an expert in photovoltaic sizing I will try to help you out.

First,
Forget about the classic system ( panel + MPPT controller + battery bank + inverter ) because the battery cost almost half the price of the system and even the better deep cycle batterties are not suited to this kind of use.
To give you an idea, the more profitable batteries (Lithium) have a cost of around 0.10$ per kWh stored (for their entire life). Plus you need to respect many conditions ( storage temperature, charging/discharging rates..) if you don't want to see your battery dead after a few months.

So, you just can't store electricity and use it for mining, it's a complete nonsense.


The best solution if you still want solar powering is the following :
A direct use of the electricity produced with a micro inverter ! It's a device including a MPPT controller and an inverter. Once the solar panel pluged on it, you plug its output to a socket in your house, it recognize the voltage and frequency and start providing electricity for your house grid at theese ratings.

You can start with only one classic panel of 60 cells (250W) and a 250W micro inverter, costing around 250 dollars, and you can add more when you want because micro inverters can be parallelized.

At the moment it's the best solution for an individual, you can only partially power your miners but it's still interesting. In france ( my place ) electricity costs 0.17$ during the day (when the sun shines!) and 0.12$ during the night so it's quite perfect.
My module (1panel + 1 micro inverter) is paid after 6 years and nowadays a solar panel is guaranted 25 years and inverters 10 years. Plus, if you know good manufacturers your inverter will last for decades
And there is almost no maintenance (half an hour per year).

Sorry for my english, it's not native for me ^^'
Feel free to ask details if you didn't understand some points.

Happy solar mining !

You need to be analytical here, find out how much power your mine is going to consume and then we can help you with the number of cells and battery ratings that you might need and its accompanying amount so just get us the specifics and clarity and we will be able to render you some support.

I have to say if there was ever an attempt for a crowdfunding project for a large scale solar + wind powered bitcoin mining operation I would consider investing.
Of course it would need to be a very transparent operation by people with an awesome reputation etc.

If you build your own Solar power circuit along with a wind circuit to compensate for less sunny days you will be able to mine. However, to be profitable you need to be the one developing the whole system and assembling the sun power cells, the wind turbine and then you will need to develop some kind of transformer and battery that ensures you don~t waste any energy in the process...
 ... impossible for sure...

i just believe that solar panels and everything else(like battery) simply cost too much, for them to make sense the price should be 1/8, this because you need 8kwh of panels to cover 1kwh of consumption for the entire day...

and with this you are not going to pay in advance for your power which doesn't make sense, you need to roi on the equipment already "roiying" on the solar panel too make little sense, it's like you bought another "miner" that save energy instead of mining

Neither is efficient enough, nor will you ever break even with the setup costs. You'd make more money selling off that miner to a budget farm or other people with cheaper electricity. Or if there's a hydrodam near you just think like the Chinese and sign contracts with them (sarcasm)

It's good to know. This would certainly meet the demand of users who want to invest in Bitcoin mining. In addition, it's something with potential to lessen uncertainties regarding electricity costs. This is what keeps many users away from mining.

There will be.  Soon...  I suspect there isn't enough room for profitability to entice traditional companies, but I'm certain the opportunity for the public to gain solar exposure in the Bitcoin mining space isn't far away.

Given the fact that mining by conventional methods is difficult today, one of the possibilities I was considering is a solar powered mining farm, but it seems that there are many variables that make this process complicated to the majority of users. It would be interesting if there were companies providing services related to this, to allow users to have more facility in constituting these farms.

That's what I'm talking about. Even paying $0.2 per kWh, which is a relatively high price, is more efficient than using solar panels, let alone in places where electricity is cheaper. I'm not sure that the situation is the same with using wind energy though.

It wont really cover the expenses since we all know that using those alternative source of electricity is expensive which means its not really profitable and roi would be longer and we should think that our miners would anytime would bust. SOurce of electricity+ maintenance will cost you a lot.