Bitcoin

Bitcoin mining is forcing me to go solar power. I just installed solar panels to run my miners during the day. Not only does my house get heated but I cut the mining cost by 75%. Why? It’s not just the cheapest form of energy, but I get rid of the grid-transfer cost and tax (=75%!)



Bitcoin mining is forcing me to go solar power. I just installed solar panels to run my miners during the day. Not only does my house get heated but I cut the mining cost by 75%. Why? It’s not just the cheapest form of energy, but I get rid of the grid-transfer cost and tax (=75%!)



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73 Comments on Bitcoin mining is forcing me to go solar power. I just installed solar panels to run my miners during the day. Not only does my house get heated but I cut the mining cost by 75%. Why? It’s not just the cheapest form of energy, but I get rid of the grid-transfer cost and tax (=75%!)

  1. TheKingOfTheFreedom

    Solar panel is the new great thing for sure, Its not that cheap but atleast is almost unlimited energy and free.

    The future is right there.

  2. najanator23

    I think the larger point here is that the economic incentive structure around mining has increased the adoption of greener and cost effective solutions. Also, imo this does not make BTC less of a hard money because it’s cheaper to produce. If anything, this should increase the value and use because of the efficient energy use to make the hard money.

  3. trilloctopus_

    What pool do you use and what miners are you using?

    ​

    Edit: I read that your using S9’s are those antminer s9’s? Also what pool are you using?

  4. CrzyJek

    I said this years ago when Nano was taking off and all the shills were saying Bitcoin is useless and PoW is useless because it’s unsustainable and uses too much electricity and resources and pollutes the earth and shit.

    I was like, “have y’all idiots ever heard of solar and wind and water? The rising costs in electricity will force Bitcoin mining to go green. And it may drag society with it.”

    *Crickets*

    Fucking short sighted idiots.

  5. Godspiral

    Solar Bitcoin mining is an excellent way to go offgrid with good use of surplus power.

    In cold climates, you also want to power a heat pump into hot water to heat at night and have reserve for cloudy/cold periods.

    You want panels facing east and west too for longer mining/heating/cooling uptime.

    Battery can be relatively small. Smooths out cloudy periods. Charges up early morning enough to bring up stable mining late morning, then charge with surplus power mid day, discharge towards late afternoon, and recharge end of afternoon. Can get 3 “half” cycles/day out of battery keeping it in range for longevity.

    In Ontario, monthly electric fee (just hookup) is now $39/month. $9400 over 20 years. Gas is not that bad, but still $4800 over 20 years.

    20kw of solar in DIY mode would cost $20k (each $0.41/w installed = 1c/kwh for 4.5 sun hours/day average) or so to install. With 12kw facing south and 8kw of bitcoin miners/heating devices, and 16kwh of batteries (ideal charge/discharge rate is 1/4C or less)

    If that is not enough heat, your house is too big, and so more solar panels will fit.

  6. fahr1

    Each one of my panels in full sunlight deliver 7.5 amps of current, i believe that if I had at least 10 of the same panels, I could literally cut myself off the grid completely. I have 3 panels, 3 deep cycle marine batteries and it powers my media center, tv, receiver, lights, refrigerator (small one), and my desktop computer and i’ve never had a critical drop.

  7. btcoins

    The worst about those is cleaning them regularly when they get dirty. Investing in some sort of water jet to rinse off the dirt will save you lots of time 🙂

  8. GridBuilder

    What mining software do u use and what do u mine? Cause right now it’s not profitable no matter what software I use.

  9. moonbudday

    Calculate the cost of those panels, then how much BTC you expect to mine. Then compare if you just used the money to buy BTC. That’s what matters, anyway.

  10. dotafox2009

    Prob. make more money using the bitcoin miners to heat your house and preheat your water tank by having your miners under watercooling with a water to water heat exchanger.

  11. forde250

    I always wonder about this. Why doesn’t the media talk about the obvious fact that if bitcoin sees mass adoption, it will also accelerate the mass adoption of cheap renewal energy? All I see is articles about how bitcoin destroys the environment when maybe it might be the thing that saves us.

  12. grailumlab

    Have mingling with the same idea for some time now, think I will bring it to reality. All calculations for invested looks fine and solid,,,just skip the battery storage and run daytime as storage cost way to much…so daytime mining sure…

  13. webdevbrian

    I’ve been using my L3++ miners to heat my garage / shop area, and they do a damn good job from keeping the pipes from freezing! Running them since November up here in the northeast, and it’s been totally worth it!

  14. SealTheLion

    Mind me asking how difficult it was to install your own solar? I’ve got a fairly limited knowledge of electrical systems, but i do have a lil bit to work with.

  15. ChampramBenjaporn

    so you lost 80% of bitcoins value last year and paid 45k for a solar grid? tell me more about your cocaine side business

  16. alluva

    This is a great initiative taken by him to bring down operating costs. There have been reports that energy consumed by Bitcoin mining operations would exceed the annual energy needs of a few small European nations. The Bitcoin mining community had already taken steps to lower their carbon footprint. The move to adopt solar energy for Bitcoin mining will be positive for the crypto community. 

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