solar panels are not cheap, most likely with the help of them mining will pay off for a long time. it is better to find a free source of energy
Topic: Solar powered CPU mining (Read 7429 times)
for the miner it is necessary the whole field of solar batteries. energy consumption is too high and large storage batteries are needed
An extension of that is that mining requires a constant supply of energy, and solar alone
can't provide that. Either the mining equipment sits idle at night or the system requires
batteries for storage. Either reduces the potential for profit significantly.
Solar power works best when the energy can be stored cheaply in a different form,
or when it's consuption can be scheduled to coincide with generation.
I do this for fun, if you can, tie the system into the power grid and go at it.
Masternode coins like others said are best for small setups and off grid applications but will be very hard to make money. Your biggest issue will be storing enough juice to keep it going during night and bad weather.
I have mine tied in to the grid, so while it's not stand alone, I'm always making something from the CPU plus any extra power goes to my house. Much lower start up cost, helps lower electric bill and much less components needed. Higher reliability as well.
I also use it as a media server and can throttle the miner as needed to keep things steady. It's a lot of fun, just don't expect to get rich and enjoy it.
After a year I have saved 200KWh in electricity, and my setup cost $400 not including the computer which should last 10-20 years. Coin income will most likely never pay off the computer but I use it for other things too so mehh.
This isn't much savings, around $15 but it is a fun hobby.
Edit, just noticed this was a necro thread, woops.
Masternode coins like others said are best for small setups and off grid applications but will be very hard to make money. Your biggest issue will be storing enough juice to keep it going during night and bad weather.
I have mine tied in to the grid, so while it's not stand alone, I'm always making something from the CPU plus any extra power goes to my house. Much lower start up cost, helps lower electric bill and much less components needed. Higher reliability as well.
I also use it as a media server and can throttle the miner as needed to keep things steady. It's a lot of fun, just don't expect to get rich and enjoy it.
After a year I have saved 200KWh in electricity, and my setup cost $400 not including the computer which should last 10-20 years. Coin income will most likely never pay off the computer but I use it for other things too so mehh.
This isn't much savings, around $15 but it is a fun hobby.
Edit, just noticed this was a necro thread, woops.
for the miner it is necessary the whole field of solar batteries. energy consumption is too high and large storage batteries are needed
The most problem for people that want solar power is the needed space for the panels and if you want to safe some money you need a few of them and they take much space to install them !
Guess that the free Space is the most problem !
Guess that the free Space is the most problem !
Solar power is the cheapest way of providing power to you needy devices. Solar power has a lot of benefits. People mostly now a days using solar power for earning their money. If you want to do mining I think solar power is the best power for your devices.
Some people are thinking that solar system is just for a low voltage devices high devices can’t run on solar system then its totally wrong because through solar system very high voltage devices can be run if you have a proper solar system.
The cost of solar panels are very high. I guess the FREE electricity getting from them can't compensate for the cost.
The solar panels are usually subsidized by the government. I hope you can get the same kind of favor from the government. Otherwise I can't find a point to profit.
The cost of solar panels are very high. I guess the FREE electricity getting from them can't compensate for the cost.
The only way solar mining is viable is if you live in the Arctics. You will for sure get your RoI within 6 months time of sunny days. Half of the year, your mining project is dead. If you have GPUs however, you can only mine in the day and turn your system off at night. You will be able to recoup your RoI faster. I heard that ASUS just released a new B250 board that is built specifically for GPU mining. It has 19 PCIE slots, and although it takes a lot of power, you can mine like a madman and recoup your investment in the quickest time too.
You could always try and see if solar energy is worth doing. Essentially it's free electricity unless you plan to put solar panels in just for this.
Solar power is the cheapest way of providing power to you needy devices. Solar power has a lot of benefits. People mostly now a days using solar power for earning their money. If you want to do mining I think solar power is the best power for your devices.
People mostly now a days using solar power for earning their money.
in most places it's about selling the energy subsidized to get profit out of it after some years.
Solar power is the cheapest way of providing power to you needy devices. Solar power has a lot of benefits. People mostly now a days using solar power for earning their money. If you want to do mining I think solar power is the best power for your devices.
"SolarCity has installed thousands of PV systems in California. The average solar panel system from SolarCity is 5,870 watts (5.8 kW) and costs $24,947 for a price per watt of $4.25. The expected cost per kilowatt hour (kWh) is $0.14."
The fix cost is so high- "As of 2017, it's approximately $3.00 per watt, installed. The average sized solar panel system is 5,000 watts, so this brings the total cost to $15,000. That 15k figure is just an average amount. Systems can cost more or less mostly depending upon a homeowner's energy usage."
And does not fit majority of the country
The fix cost is so high- "As of 2017, it's approximately $3.00 per watt, installed. The average sized solar panel system is 5,000 watts, so this brings the total cost to $15,000. That 15k figure is just an average amount. Systems can cost more or less mostly depending upon a homeowner's energy usage."
And does not fit majority of the country
I've been running a test on Riecoin profitability for a little over 1 week now.
Mining pool: https://ublock.it
Machine specs:
Intel(R) Core(TM) i7-4710HQ CPU @ 2.50GHz 8GB DDR3 (laptop CPU TDP 47 W)
Power consumption measured at wall ~94 Watts
Weekly power cost @ 11 cents KW/h = $2
RIC generated in 1 week
99.7 RIC = $6.24 USD at current market price
Still testing other higher end CPU's < 100 watt TDP, should have an update soon on i7 4770k
Riecoin thread https://bitcointalksearch.org/topic/annric-riecoin-constellations-pow-cpu-hard-fork-successful-world-record-446703
Mining pool: https://ublock.it
Machine specs:
Intel(R) Core(TM) i7-4710HQ CPU @ 2.50GHz 8GB DDR3 (laptop CPU TDP 47 W)
Power consumption measured at wall ~94 Watts
Weekly power cost @ 11 cents KW/h = $2
RIC generated in 1 week
99.7 RIC = $6.24 USD at current market price
Still testing other higher end CPU's < 100 watt TDP, should have an update soon on i7 4770k
Riecoin thread https://bitcointalksearch.org/topic/annric-riecoin-constellations-pow-cpu-hard-fork-successful-world-record-446703
Solar power is most actual for south regions. But in this case another problem apears: a lot of heat. So the best for the mining is Hydro
Seriously, if not after profits or some crazy ideas like I am, the best use for solar power currently is to use that to power your ac.
Panels don't like heat and they really like clear sky.
I see alot of people are saying alt mining is dead due to the high cost of power consumption. If I run a CPU miner on solar power, would that make it worth doing?
Solar power is most actual for south regions. But in this case another problem apears: a lot of heat. So the best for the mining is Hydro or Nuclear POWER (cheep enough) in northen regions
Oh man i'd just like to have enough money to play around with such stuff all day.
Maybe you could start with segmenting usb-miners to groups which would be turned on if power is enough.
Then use capacitors to even the supply a bit.
Having to look at ROI all the time takes the fun out of it a bit.
Maybe you could start with segmenting usb-miners to groups which would be turned on if power is enough.
Then use capacitors to even the supply a bit.
Having to look at ROI all the time takes the fun out of it a bit.
I don't see the point of a dedicated solar system for mining. Solar is just one power source and mining is just one
power load. Why not connect the solar to the house power as a hybrid system where you can use solar for everything
when it's available and commercial power when not. This would avoid imbalances in power availability and load.
A dedicated solar mining system would either have excess load leaving some mining HW without power or
too much power that can't be absorbed by the mining HW and would have to be bled off and wasted. A hybrid system\
would ensure all the mining HW is mining all the time.
power load. Why not connect the solar to the house power as a hybrid system where you can use solar for everything
when it's available and commercial power when not. This would avoid imbalances in power availability and load.
A dedicated solar mining system would either have excess load leaving some mining HW without power or
too much power that can't be absorbed by the mining HW and would have to be bled off and wasted. A hybrid system\
would ensure all the mining HW is mining all the time.
Hybrid systems are how it's generally done here, grid owner buys all the power small producer doesn't use himself. Price is daily spot http://www.nordpoolspot.com/.
But the original use case of solar systems was to bring the power to places that don't have (and never will) commercial power (for example an island or sahara), or it would be too expensive to build. Solar power made water pump or a small refrigerator in the middle of nowhere possible. For decades panels cost 4-5€/ watt so it wasn't cheap.
Then China started mass manufacturing of panels and today the price is 1€/ watt, ROI times fell below 10 years and we started to see solar panels everywhere.
Like I said, there is no point to build solar only powered mining rig but the idea itself is tempting. It's like mythbusters, can it be done? Can you, in theory, mine somewhere in the middle of pacific ocean?
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