hosting for bitcoin miners

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ju5t_wolfMember
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#1Jan 20, 2024, 07:53 PM
Hey everyone, I’m new here and just hoping I posted in the right spot. So, I recently bought a house and have some extra rooms that I’d like to rent out to bitcoin miners. I’ve got solar power and gigabit internet. I’m open to selling any surplus electricity to miners or even hosting their mining rigs here. If you're interested, hit me up. Thanks!
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darkguruHero Member
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#2Jan 21, 2024, 12:04 AM
You apparently do no realize just how much power Bitcoin miners draw (>1kw-3.5kw each) nor the fact that all that power is exhausted as heat -- think giant space heaters -- and the incredible amount of noise the cooling fans make pulling that heat from the miners... You need to learn a lot more and rethink your idea.
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ju5t_wolfMember
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#3Jan 21, 2024, 04:25 AM
Thank you for your insight. I have A/C that is not central and dedicated to the room that would host and and also can vent the heat outside.  I can achieve sound dampening via soft fabric or dedicated dampeners.  If these fans are louder than a 5000rpm hard plastic heatsink like a Thermaltake or similar, I might suggest better cooling.  I should be operating at an energy surplus, so if that is 1-3.5kw per day at 97% uptime that's 2444kwh per month.  That is an electric bill of about $285 per month and $3400 for the year.  At that time I suspect any mining solution to be inefficient as the electricity costs too much with the addition of internet and maintenance fees.
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diamond_atlasSenior Member
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#4Jan 21, 2024, 10:31 AM
No mate, a bitcoin miner pulls around 3.5kw continuously while mining, not per day.
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#5Jan 23, 2024, 01:28 AM
Our one miner runs in the room were all our solar system hardware and battery sits.  That miner makes enough noise that if my wife is going to work in that room, she wears ear plugs.  Very far beyond the sound of any noise any of my server PC's has ever uttered. Scott
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ju5t_wolfMember
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#6Jan 23, 2024, 04:44 AM
Can you help me with the math? How much energy will the system draw per hour? 3.5kw per what(hour? minute?)?
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SwiftOrbitSenior Member
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#7Jan 23, 2024, 08:22 AM
Since you asked about energy: A 3.5kw (3500W) miner will burn 3.5 kwh in an hour and 84 kwh in a day, 2500 kwh a month. With your excess electricity, you might be able to host one, but you said solar energy so does this mean you get that only during the day with a peak during midday and then zero? You will either need batteries or power the miners from the grid which will cut a lot into the savings. They are louder than a vacuum cleaner running into a sock under the bed, around ~80 dB.
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stack51Hero Member
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#8Jan 23, 2024, 11:32 AM
The unit of measurement you are looking for is called kWh or Kilowatt-hour, any thing that runs on electricity will have a label stating the draw in watts or kilowatts, it will be "W" or "KW". To convert from W to KW you simply divide the number 1000, and then convert it to kWh you just multiply the KW by the number of hours you want to measure. Example 1: For a miner that uses 1200w, we divide it by 1000 to get 1.2k, to check how much it "consumes" in 3 hours, just do 1.2kw*3h = 3.6kWh. Example 2: A miner that uses 800w, divide by 1000 you get 0.8KW, to see how much it "consumes" in 30 mins you x it by 0.5 and you get 0.4kWh. The average 10 or 15 solar arrays on the house roof can't handle mining operations, you will hardly be able to run your own miner on it, let alone "HOST" other people's miners.
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hodler2019Legendary
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#9Jan 23, 2024, 03:49 PM
rule of thumb a 10k grid tied solar array gives 10/6= 1.67 kwatts 24 hours a day if a really good area for sun 10/5 = 2.0 kwatts 24 hours a day. so if grid tied 10kwatt averages 1.67 to 2 kwatts and if battery less. really good panels are around 400 watts low grade panels are 200 watts. many homes have 5000 to 10000 watt setups. they can not do a s19 miner as they do not have enough power.
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ju5t_wolfMember
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#10Jan 25, 2024, 09:46 PM
So my math was correct that it would draw about 2444kwh per month? How is mining an effective solution for anyone? Do you outsource to other companies to mine or run hardware in underwater cooling silos or mountains?
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darkguruHero Member
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#11Jan 25, 2024, 11:36 PM
Simple - you just need reasonably CHEAP electricity and good airflow. Nothing complicated about it at all.
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