Hey everyone. Just did a quick search but couldn’t find anything solid.
I’m mainly looking to help out with the decentralization of Bitcoin mining rather than making a bunch of cash. If I can pull in a few bucks a day or maybe even try solo mining for a chance at a block in a few years, that works for me.
I’m dealing with electricity costs at about $0.25 per kWh, and I don’t want anyone tracking what I’m doing, so solar seems like a solid plan. I think I could get a few kWh daily, and I’m looking at running a solo mining rig for a few hours each day.
I don’t really want to mess around with trial and error. I’m sure someone has a good idea of what setup would be reasonable. I’ve got a budget of around $2000 for the initial setup and about 20 sq ft available for solar panels. There’s also a little shed outside where I can keep the ASIC and battery.
Any guidance would be awesome. Appreciate it!
Need advice on solo solar mining setup
5 replies 133 views
its_rocketMember
Posts: 11 · Reputation: 196
#2Sep 18, 2021, 06:34 AM
With $2000 a small solar setup is possible but mining time will be limited. If decentralization is your goal, go for it! Just watch the sunlight efficiency, battery storage and seasonal changes.
lynx_rocketSenior Member
Posts: 232 · Reputation: 1450
#3Sep 18, 2021, 10:04 AM
When you said Solo solar mining what do you mean exactly? Because to me it sound like you want to solo mine Bitcoin? If yes then you should understand that solo miners don't make profits every day, it can take weeks or months before you solve a block.
If you are fine with this then you don't need power hungry Asic miners like S19pro because this miner takes over 2500watts, with your $2000 I am sorry it won't work, you will be able to power this miner when the sun is up, and when the sun is down it is over, your battery backup will die in two hours.
As a solo miner you want your miner to run non-stop around the clock, you can never know when it will hit a block. I think you should consider BTC home miners for example.
This Canaan Avalon mini 3 with 37.5TH, the reason why I like this one is the power draw of 800watts only and it is profitable for non solo miners too.
try this
https://d-central.tech/product/the-solarbit/
FWIW your statement is true when the solo miner have tens or hundreds of latest generation ASIC. But with single Canaan Avalon mini 3, it would take longer than human lifespan according to https://solochance.com/.
lynx_rocketSenior Member
Posts: 232 · Reputation: 1450
#6Sep 18, 2021, 03:51 PM
I tried using the calculator, and it shows that it would take 408 years for a miner with 37 TH/s to solve a block. Interestingly, a Bitaxe miner with 1.2 TH/s successfully solved a Bitcoin block a few days ago, which was covered in the news, and several BTC mining YouTubers created content about it.
The Canaan Avalon Mini 3 has performance comparable to that of 35 Bitaxe miners, making it a better option for solo miners. However, it's important to note that solo mining is primarily based on luck, so it's best suited for those who are willing to take the risk.
Anyone considering these options should also think about power consumption: the Bitaxe miner uses only 25 watts, while the Canaan Mini 3 requires 800 watts.
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