Want to start Mining in India with Solar Equipments

notlist3d

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Quote from: Amph on October 22, 2015, 01:28:06 AM

Quote from: GreatNorthData on October 21, 2015, 06:59:37 AM

It would be far cheaper to host with us than build a solar facility.

what is your rate? the usual 0.05?

i would advice solar only if you want to start small, and so with a small solar panel setup, which will cost more, then you expand everytime that you break even

but i would not go big with because it require an additional big investment on top of the miners

I could be wrong but I think in the group buy they offered like .07 if that coop group could bring a lot of machines. I don't think it was to the .05 mark. But I could be wrong on that.

Solar just is unrealistic for mining as most use so many watt's. Unless you only run a small machine or two the cost of panels is surprisingly high, add batteries to it and you are in a long term investment of solar.

QuintLeo

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The main problem with solar is that the capitol costs of the panels are still pretty high, making it UNcompetative with many other forms of power generation overall in most areas and fairly expensive even in areas it works well in.

It also requires a VERY LARGE investment in batteries to deal with the timeframes when the panels don't get enough light to generate usefull output.

This has changed quite a bit over the years, as solar cells have gotten cheaper and more efficient, but it's still not to the point of being competative in most areas.

Amph

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Quote from: GreatNorthData on October 21, 2015, 06:59:37 AM

It would be far cheaper to host with us than build a solar facility.

what is your rate? the usual 0.05?

i would advice solar only if you want to start small, and so with a small solar panel setup, which will cost more, then you expand everytime that you break even

but i would not go big with because it require an additional big investment on top of the miners

GreatNorthData

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It would be far cheaper to host with us than build a solar facility.

notlist3d

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Merit: 1000

Quote from: flikflak on October 20, 2015, 09:36:07 PM

If you can see it as an long term investment and if you can deal with it's opportunity costs (of not having that amount of money for something else right now or in the near future) it absolutely can. I reduced the overall energy costs in my specific case by 15-20%.

So if you are paying ~ $0.19 per KWh you can save in my case 3-4 cents per KWh -mining can be profitable again @ 0.16-0.15 cents / KWh.
With paying only $0.08 - that would save you 1.2 - 1.6 cents. Paying 0.068-0.064 instead of 0.08 is more or less negligible. That doubles also the time for a ROI.

See what I mean?

Also solar is a little more of a long term investment then mining. If you compare timeframe it just add's up on solar as it is not cheap.

As far as bitcoin mining you are better off to find cheap electricity then pay a lot for solar equipment. But if your willing to wait on ROI yes you can do solar, but I think you will be surprised of costs.

flikflak

sr. member

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If you can see it as an long term investment and if you can deal with it's opportunity costs (of not having that amount of money for something else right now or in the near future) it absolutely can. I reduced the overall energy costs in my specific case by 15-20%.

So if you are paying ~ $0.19 per KWh you can save in my case 3-4 cents per KWh -mining can be profitable again @ 0.16-0.15 cents / KWh.
With paying only $0.08 - that would save you 1.2 - 1.6 cents. Paying 0.068-0.064 instead of 0.08 is more or less negligible. That doubles also the time for a ROI.

See what I mean?

hardtime

sr. member

Activity: 490

Merit: 251

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Hi,
I am interested in mining i thought mining with solar can be make some good profit, not more profit some. Can any advice me is it will be success with mining with solar power.

Topic: Want to start Mining in India with Solar Equipments (Read 718 times)