Re: I Lost $20,000 trying to build a Solar Powered Bitcoin Ethereum Mining Farm
Hi Vosk,
I really enjoy watching your videos on YouTube. The reality is solar is not a good source of power for mining crypto.
cryptocurrency mining hardware consumes a huge amount of electricity simultaneously nonstop 24/7.
Imagine the power consumption for a small mining farm with only 20 miners for btc and eth miners
10 BTC miners | S19 Pro 110 TH/s (3250W x 10 = 32,500W)
10 ETH Miners | A10 Pro 720 MH/s (1300W x 10 = 13,000W)
Total = 45,500W (how many solar panels can produce such power for 24 hours?)
thus, cheap grid power is always the best option. I wanted to build my crypto mining farm for years but my country Nigeria has no stable power.
I think the best idea for me is to move to where I can get cheap electricity such as $0.03 kw/h (in countries like Qatar, Kuwait, or Oman).
Conclusion:
solar is not an option
move to where to can get cheap electricity
cryptocurrency is here to stay, this is just the beginning
Lol might be a bad idea if you plan of running asic miners, those miners draws too much power anyways but I'm using solar panels to mine here 24hrs a day with 4 gtx1660 super, I have backup batteries that can carry the miners when sun is down till the next day, if you plan it very well you won't be disappointed I really enjoy watching your videos on YouTube. The reality is solar is not a good source of power for mining crypto.
cryptocurrency mining hardware consumes a huge amount of electricity simultaneously nonstop 24/7.
Imagine the power consumption for a small mining farm with only 20 miners for btc and eth miners
10 BTC miners | S19 Pro 110 TH/s (3250W x 10 = 32,500W)
10 ETH Miners | A10 Pro 720 MH/s (1300W x 10 = 13,000W)
Total = 45,500W (how many solar panels can produce such power for 24 hours?)
thus, cheap grid power is always the best option. I wanted to build my crypto mining farm for years but my country Nigeria has no stable power.
I think the best idea for me is to move to where I can get cheap electricity such as $0.03 kw/h (in countries like Qatar, Kuwait, or Oman).
Conclusion:
solar is not an option
move to where to can get cheap electricity
cryptocurrency is here to stay, this is just the beginning