Why YOU should get SOLAR PANELS for GPU mining! (Profitability explained) - Sebs FinTech
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Date: 2022-04-19
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Comments and reviews: 10
Robert
You should do a vid with this consideration, high peak electricity cost and low feed in tarrif!.
I have 12kWh and batteries
I live in Sydney Australia and on an empty plot of land just outside edge of Sydney, I have a small shed housing my rigs with optimal located solar panels.
Solar charges my batteries during the day, when full it feeds the grid. My Rig powers up at off peak hours on batteries, and I save on cooling and when batteries get low, it switches to off peak than turns off at peak hours. When the sun comes up it charges the batteries.
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You should do a vid with this consideration, high peak electricity cost and low feed in tarrif!.
I have 12kWh and batteries
I live in Sydney Australia and on an empty plot of land just outside edge of Sydney, I have a small shed housing my rigs with optimal located solar panels.
Solar charges my batteries during the day, when full it feeds the grid. My Rig powers up at off peak hours on batteries, and I save on cooling and when batteries get low, it switches to off peak than turns off at peak hours. When the sun comes up it charges the batteries.
reply
Scott
Numbers aside, mining with solar gets you off the grid, meaning much less risk of downtime. It also means you are free from any prying eyes who might analyze your usage and think you are growing illegal plants. We've already seen plenty of farms get raided this way. Might sound wild but it's entirely possible that in the near future governments may attempt to fight crypto by going after miners. Having your own closed power system protects you in this case as well.
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Numbers aside, mining with solar gets you off the grid, meaning much less risk of downtime. It also means you are free from any prying eyes who might analyze your usage and think you are growing illegal plants. We've already seen plenty of farms get raided this way. Might sound wild but it's entirely possible that in the near future governments may attempt to fight crypto by going after miners. Having your own closed power system protects you in this case as well.
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Matthew
My 4kWp array with a 15kWh backup keeps my consumption below the next tariff level - usage beyond 600kWh per month prices increase by 60%.
I've got the added advantage of reliable power, we've had outages for 3 days at a time twice in the last 6 months, batteries saved the food in my fridge, kept my fish tanks alive and had a lot of jealous neighbours hehehe
Be warned tho shortages have already begun... Businesses are gobbling up all the smaller panels.
reply
My 4kWp array with a 15kWh backup keeps my consumption below the next tariff level - usage beyond 600kWh per month prices increase by 60%.
I've got the added advantage of reliable power, we've had outages for 3 days at a time twice in the last 6 months, batteries saved the food in my fridge, kept my fish tanks alive and had a lot of jealous neighbours hehehe
Be warned tho shortages have already begun... Businesses are gobbling up all the smaller panels.
reply
itech
Solar miner here. Best thing ever since power goes out super commonly and sometimes takes weeks to be restored. Also, at around 0.24usd/kWh is a no go, more increases to come also. Puerto Rico btw. Most data I found says 0.21 cents for residential, but current bills are billed at 0.24 cents, which is insane. Puertoricans think twice about turning on their AC's 24/7 even in tropic weather due to high electric bill.
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Solar miner here. Best thing ever since power goes out super commonly and sometimes takes weeks to be restored. Also, at around 0.24usd/kWh is a no go, more increases to come also. Puerto Rico btw. Most data I found says 0.21 cents for residential, but current bills are billed at 0.24 cents, which is insane. Puertoricans think twice about turning on their AC's 24/7 even in tropic weather due to high electric bill.
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Telescopium
i'm at .16c kwh and i'm just getting a solar system set up... don't forget the cost of racks, combiners, wiring, inverter(s) and meter/boxes... i'm putting up 4k watts, the panels cost me $1680 and everything else is about $4000 and i'm doing the install myself, so i'm saving about $1500... i'm at 7000 feet so my iradiance should put me up about 115% sea level rated output... Go Solar Miners !!!!
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i'm at .16c kwh and i'm just getting a solar system set up... don't forget the cost of racks, combiners, wiring, inverter(s) and meter/boxes... i'm putting up 4k watts, the panels cost me $1680 and everything else is about $4000 and i'm doing the install myself, so i'm saving about $1500... i'm at 7000 feet so my iradiance should put me up about 115% sea level rated output... Go Solar Miners !!!!
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Nathan
If your in florida and thinking about solar, you will want to jump on it now! They are passing a bill where you only sell back at half the rate you pay to get power. But if you already have a system, you keep your current agreement for 20yrs. Right now its a 1:1 ratio, next year its 1: .75, and the following year 1: .5, then its their avoided cost.
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If your in florida and thinking about solar, you will want to jump on it now! They are passing a bill where you only sell back at half the rate you pay to get power. But if you already have a system, you keep your current agreement for 20yrs. Right now its a 1:1 ratio, next year its 1: .75, and the following year 1: .5, then its their avoided cost.
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Gandalf
And if you look from the central european side at the price, which would be 40 cents on average, with a price tag of 16000, your Years of ROI (Return of Investment) would lower to just 3,6 years...
If that's not worth it, then i don't know.
So thanks that you broke that down for us.. it's most definitely a great consideration!
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And if you look from the central european side at the price, which would be 40 cents on average, with a price tag of 16000, your Years of ROI (Return of Investment) would lower to just 3,6 years...
If that's not worth it, then i don't know.
So thanks that you broke that down for us.. it's most definitely a great consideration!
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Dizzyikea
I went around this the other way round. In that i had already bought solar and a battery for the house and now i use mining to stop exporting power that i otherwise would not be paid for. Today in the UK a ran 16 2nd hand CPU rigs for about 8 hours with my 4kw solar array.
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I went around this the other way round. In that i had already bought solar and a battery for the house and now i use mining to stop exporting power that i otherwise would not be paid for. Today in the UK a ran 16 2nd hand CPU rigs for about 8 hours with my 4kw solar array.
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Vlad
My father installed the solar panels and the invertor, 4kw, all for just 1600$. I was getting about 5 hours of sunlight in February in sunny days, so even in winter you can get a good output. Really promising now that the gpu prices are dropping.
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My father installed the solar panels and the invertor, 4kw, all for just 1600$. I was getting about 5 hours of sunlight in February in sunny days, so even in winter you can get a good output. Really promising now that the gpu prices are dropping.
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TheDesertsweeper
I live in the UAE where, depending on which calculator you use, we have between 10 and 12 hours of sunlight per day (average over the year)....but our electricity is only $0.082 - but it still makes it worthwhile
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I live in the UAE where, depending on which calculator you use, we have between 10 and 12 hours of sunlight per day (average over the year)....but our electricity is only $0.082 - but it still makes it worthwhile
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