Solar Panels + Bitcoin Mining | Bitcointalksearch.org

Artemis3

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Quote from: OgNasty on October 06, 2017, 12:01:08 PM

Space for the blades isn't a huge issue with wind turbines. They are typically located very high above everything else by design. Noise or visual complaints from neighbors is usually the deterrent. That being said, if you don't live in a windy area, you will not produce much power. So far maintenance hasn't been a big issue for me, but installation costs were more than the turbine itself. My area is not an extremely windy area outside of monsoon season, and I've calculated the payback period at 20+ years, whereas my solar panels will pay for themselves in 6-8 years. It is my opinion that wind turbines are great for the use of charging a battery, like on a boat, or remote shed. Using it to feed power directly into the grid is less beneficial than you might think unless you live somewhere with extremely high winds and you are able to install it 30+ feet in the air.

There are bladeless wind turbines now. Combining both would be a good idea, but it depends on location...

philipma1957

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Quote from: nobanks4me on January 02, 2019, 01:07:36 PM

Quote from: bestBTCdomains on September 20, 2017, 06:21:23 PM

Can we get a new thread going?

Anyone have any experience? Is it worth it?

That is a fantastic idea.
The price of Bitcoin is largely determined by the cost to produce it. The cost of powering the mining computer is the main long-term cost factor. That is why most of the Bitcoin miners are in China where hydro power is cheap. If smaller solar powered equipment could be available and mining pools catering to them organized, then Nakamoto`s vision of each Bitcoin user being a Bitcoin miner ensuring that the Blockchain remains secure.

Is there a plug and play solar/wind powered Bitcoin mining equipment available for the non-technical person that connects with a reputable Bitcoin mining Pool? If the Blockchain is distributed, then mining it should also be distributed. And the rewards of mining should also be distributed.

I have a pop pay one price thread. Buysolar and I tried to build a one miner setup with enough power to run an l3+ . So far we have not found a suitable inverter/psu.

The goal would be daylight mining so it mines about five hours a day.

Very hard to get one built cheap enough. The upfront cost would be five panels which are not small the inverter/psu a doghouse to hold the l3+ that you provide.

The problem is five hours of power is about 30 cents in coin
That is 100 a year or ten years for 1000. Now you do have to provide land that gets enough sand.

If five hours of mining an l3+ earned 1 dollar a day. You would get back 1095 in 3 years.

We will try to make this work in the spring.

nobanks4me

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Quote from: bestBTCdomains on September 20, 2017, 06:21:23 PM

Can we get a new thread going?

Anyone have any experience? Is it worth it?

That is a fantastic idea.
The price of Bitcoin is largely determined by the cost to produce it. The cost of powering the mining computer is the main long-term cost factor. That is why most of the Bitcoin miners are in China where hydro power is cheap. If smaller solar powered equipment could be available and mining pools catering to them organized, then Nakamoto`s vision of each Bitcoin user being a Bitcoin miner ensuring that the Blockchain remains secure.

Is there a plug and play solar/wind powered Bitcoin mining equipment available for the non-technical person that connects with a reputable Bitcoin mining Pool? If the Blockchain is distributed, then mining it should also be distributed. And the rewards of mining should also be distributed.

ned00

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Quote from: Jake052478 on October 31, 2017, 07:18:11 PM

In our case, setting up an alternative power source is very expensive. So setting up one is not an option after all. Although Solar panels can be a long term investment, It is still cost too high. I have talked to a reliable miner yesterday. He pay his electric bill for around 75 to 90 USD per month while he is only producing around 180 to 210 USD per month in mining. Plus the rig he build for around 2000 USD dollars. It is very true that when you set up a rig, it takes time before you realize the ROI. I am planning to build one... but I am thinking twice now...

Agree. Just calculate all lifecycle for alternative electricity and you will get the price much more than traditional one. You also have to make capital investments in alt energy.

Jake052478

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In our case, setting up an alternative power source is very expensive. So setting up one is not an option after all. Although Solar panels can be a long term investment, It is still cost too high. I have talked to a reliable miner yesterday. He pay his electric bill for around 75 to 90 USD per month while he is only producing around 180 to 210 USD per month in mining. Plus the rig he build for around 2000 USD dollars. It is very true that when you set up a rig, it takes time before you realize the ROI. I am planning to build one... but I am thinking twice now...

Nick P

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I live in the desert southwest of the US. I have a lots of land+sun and a grid tied system of 40 panels with microinverters or about 10KW. The cost of panels has come down dramatically and I may expand further to power my mining systems. I do not use batteries because the grid acts as my virtual battery. I over produce during the day and receive credit from my local power company, then I use the excess power credits at night to power my systems from the grid. Isn't that exactly like a battery without the cost?

To answer someone else's question, silicon performance degrades as temperature rises so the cooler the panels the better they perform. Just like your computer.

Nick

hackdila

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guys if solar energy was worth it, why huge mining farm doesn't use it at all? or at least just help reducing electrical costs by solar energy ?

parkers

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The problem with solar panels is that not in all countries they are productive and panels are expensive.
The same problem is with wind generator not in all places wind generators can produce effective electricity.
There is no need for solar or wind if you have cheap electricity.
But if you already have solar or wind source you can easily connect your mining hardware.
If you have some river nearby you could build water mill that generates electricity. That's expensive too but works like a charm.

kinzey

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Blockchain with solar energy

Nice info in here. It will up the starting investment. But will it be worth it?

gogostar

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i live in scotland so wind is not an issue, but sunlight might be. probably i would be better off with stronger wind turbine...
how theese inverters work?
Thanks

rockie2000

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Quote from: gogostar on October 08, 2017, 09:22:21 AM

how about one of theese:

http://www.ebay.co.uk/itm/1-4KW-System-400W-Wind-Turbine-Generator-10-100W-Solar-Panel-Inverter-Home-/351812847994

has anyone tried it?
i'm thinking about one of them, but not sure how it would work

This looks like interesting, however it should be noted that the specs are usually in the best case (i.e. maximum sunlight and strong wind...). In reality I think it will be around 60-80% of the advertised performance.

gogostar

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how about one of theese:

http://www.ebay.co.uk/itm/1-4KW-System-400W-Wind-Turbine-Generator-10-100W-Solar-Panel-Inverter-Home-/351812847994

has anyone tried it?
i'm thinking about one of them, but not sure how it would work

Hargav

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I have solar panels in my house, i will try to connect it directly to my miners and test.

T-Gee05

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There are a lot of downside with this solar panels system. Expensive, intermittent supply and waste electricity produced storage.

You will have a long ROI with this. This is a long term investment. Second.. you have an intermittent supply (sun). During night time, cloudy, rainy, winter, you will not produce that much electricity.

If your load in the solar system circuit is lower than it produce, waste electricity storage is advisable. Batteries are expensive and have a lifespan of about 3-4 years if it is cold.. less if it is hot in the area.

sidehack

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Curmudgeonly hardware guy

Because local power generation is a long-term investment and bitcoin mining farms are operated by short-term-profits people. They're set up in places where low electric rates already exist.

OgNasty

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I have never once sprayed water on my solar panels due to heat or seen anyone do this. About 30% of the homes in my area are solar powered.

miguelmorales85

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That is interesting, I did not know about solar panels being water spread-ed because of the heating.
So I was not aware that efficiency was affected by heat, that could be a manufacturer issue because of course the panel that will (or would) receive all the sun could get hot (duh)

Also, solar panel technology (efficiency) has advanced more than turbine power technology.

OgNasty

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Space for the blades isn't a huge issue with wind turbines. They are typically located very high above everything else by design. Noise or visual complaints from neighbors is usually the deterrent. That being said, if you don't live in a windy area, you will not produce much power. So far maintenance hasn't been a big issue for me, but installation costs were more than the turbine itself. My area is not an extremely windy area outside of monsoon season, and I've calculated the payback period at 20+ years, whereas my solar panels will pay for themselves in 6-8 years. It is my opinion that wind turbines are great for the use of charging a battery, like on a boat, or remote shed. Using it to feed power directly into the grid is less beneficial than you might think unless you live somewhere with extremely high winds and you are able to install it 30+ feet in the air.

mindrust

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This is not an utopia. This is totally doable.

Tbh, I am not aware of the maintenance costs but i can assume that it is not cheap. Still, if it wasn't profitable to run wind turbines, nobody would be using them now right?

The photo is just to give an idea. I agree, you'll probably need a very big yard to run a wind turbine that big.

The thing is; You don't need to own a wind turbine that big, there are many variances of it. (small, big, medium, sideways, vertical etc.) Even some sailboat owners use wind turbines to generate extra electric.

It is not rocket science and it is profitable.

Maintaining solar panels is also not that easy. I watched lots of videos and overheating solarpanels can also cause efficiency losses. People who own solar panels are constantly water spraying their panels to keep them cool.

miguelmorales85

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Quote from: mindrust on September 23, 2017, 07:28:11 AM

Forget solars. Just go with the wind turbines.

You can add solar for extra juice but I just wouldn't fully depend on solar panels alone..

https://i.pinimg.com/736x/21/12/e1/2112e1941fd9d831b574f6026d5c6cb0--solar-energy-renewable-energy.jpg

mmm this is an utopia, did you know that right?

Do you know the installation price and maintenance for that kind of wind turbine?
Not to mention that is clearly a photoshop, you can't have one of those beside you house, the risk is too high you can end with a blade of those crashing the entire house.

Topic: Solar Panels + Bitcoin Mining (Read 2590 times)