Hedges
I See Electromagnetic Fields!
- Joined
- Mar 28, 2020
- Messages
- 21,795
not an electrician here - but I just got my two indoor EG4 batteries, 6000xp and 1/2 my twenty panels online, learning how to balance things for the most efficiency currently. I burn through 20kwh of energy just for the car (EV) round trip for work each day, HVAC and Tankless water heater will have to remain on grid for the time being "everything else" though is running through my 6000xp.Actually my bitcoin has only been 7000 watts of load, I am upping that to 21,000 in the next few days or so. Most of the load to use solar goes to heating. Bitcoin heats my shop, I have electric in floor heat also in there. In the house I have a whole house heatpump and a few minisplits in the bed rooms too. I will heat my house to about 79 or so in the winter, to ride the temp as long as I can in the house. I have electric heaters in the basement warming the basement to store heat also. I am in wisconsin so the winter heat load is huge. Also 2 ev's doing 90 miles combined everyday eats a lot of kwh in the winter cold.
I have been an electrician for close to 40 years now, I enjoy managing loads. I have quite a few loads on wifi switches ready to turn on as needed, lol.
Unless you already have the mining gear laying around - it won't be profitable. Even if you have the gear laying around it still likely won't be profitable. I have quite a bit of gear, but cooling it in a Texas summer, even with solar picking up a chunk of the energy, it's just still not worth it.How much money can you earn with rigs consuming 7000W.
I just want to get a baseline to see what the ROI is for the solar plus computer equipment.
Even if it's 100% free power just from solar?Unless you already have the mining gear laying around - it won't be profitable. Even if you have the gear laying around it still likely won't be profitable. I have quite a bit of gear, but cooling it in a Texas summer, even with solar picking up a chunk of the energy, it's just still not worth it.
if you wanted an idea of revenue vs profit depending on your gpu and what coin you'd try and mine. whattomine.com would show you all possible scenarios based on your electric rate and the hardware you have current difficulties and current exchange rates of various cryptos.
I've dabbled in gpu mining for years, the golden era were the times I could pull in $50 a day while electricity only cost me $5/day, hardware paid for itself in a few months vs the years it takes now. It's a fun tinker type hobby at this point, and I'd only dabble in it currently with the mentality of a prospector. aka mining XYZ I think is interesting and its value possibly skyrocketing later (nobody knows) Winter time is more interesting/exciting because at least the waste product is useful (free heat) off all the rigs keeping the house toasty.
The hardware costs something.Even if it's 100% free power just from solar?
I'm curious about the DC in metal issue for batteries. You obviously can't run metal right to the battery terminal, so some amount must be allowed?
Wow going off what W. Prowse said I assumed there was a lot of money to be made so long as you have solar.Unless you already have the mining gear laying around - it won't be profitable. Even if you have the gear laying around it still likely won't be profitable. I have quite a bit of gear, but cooling it in a Texas summer, even with solar picking up a chunk of the energy, it's just still not worth it.
if you wanted an idea of revenue vs profit depending on your gpu and what coin you'd try and mine. whattomine.com would show you all possible scenarios based on your electric rate and the hardware you have current difficulties and current exchange rates of various cryptos.
I've dabbled in gpu mining for years, the golden era were the times I could pull in $50 a day while electricity only cost me $5/day, hardware paid for itself in a few months vs the years it takes now. It's a fun tinker type hobby at this point, and I'd only dabble in it currently with the mentality of a prospector. aka mining XYZ I think is interesting and its value possibly skyrocketing later (nobody knows) Winter time is more interesting/exciting because at least the waste product is useful (free heat) off all the rigs keeping the house toasty.
The money to be made was when bitcoins were $20, and now over $60k.Wow going off what W. Prowse said I assumed there was a lot of money to be made so long as you have solar.
I also assumed that because most of his PV equipment was probably free that he only needed to factor in the cost of the computer equipment. It's surprising when you say that even with gear lying around it's not profitable!
I had heard similar stories based on the Large companies that own their own power plants killing the Market for smaller people but I thought they had started to implement some sort of system in BT that allowed people to get paid for their contributions equally.
True, I had heard that awhile back, I don't think it was $20 at the time, it was sometime back in 2021 or 2022.The money to be made was when bitcoins were $20, and now over $60k.
Well........ After the latest halving of bitcoin, not so much in return, lol. Cost is $250 a piece for the used older ones I bought. I use them to heat my shop in the winter so that is a added benefit to me. Right now if electricity cost is free (solar) mine will make $3.00 per day each.How much money can you earn with rigs consuming 7000W.
I just want to get a baseline to see what the ROI is for the solar plus computer equipment.
I clearly remember many years ago sending a nasty email to a software developer that wanted 1/4 of a BT for his App.Well........ After the latest halving of bitcoin, not so much in return, lol. Cost is $250 a piece for the used older ones I bought. I use them to heat my shop in the winter so that is a added benefit to me. Right now if electricity cost is free (solar) mine will make $3.00 per day each.
I have made close to $600 now with the 2 miners I have. I only run them when I have excess power, which over the winter was during the day sometimes, but not so much during the night. It is better then just wasting power I could be making and in the winter, it heats my shop for free and makes a few dollars.
It is not for everyone, but it works great for me.