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
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
Appreciate your support, especially on here lol
I think you make a great point, and moving to cheap grid power would certainly be the most effective way -- my solar mining farm build plan isn't the most cost effective or efficient path, it's simply the path I want to go and I'm confident that eventually, it would all pay off and then some. Regardless I'll continue documenting the whole journey on YouTube for better and worse
I burn ~10,000 kwh a month right now w/ less than 10 rigs running so will definitely need A LOT of panels for anything noteworthy lol