Would you get solar for mining? Why/why not? Do you already have solar panels? What's your experience? Let me know here in the comments! Here's the link to the spreadsheet with the solar panel calculator: docs.google.com/spreadsheets/d/18C-x2NZSd_-fjkPodKUwUHsa7N27KsuVErWIr5kZUWY/

@pumpuppthevolume

2 жыл бұрын

are you planning on getting solar

@SebsFinTechChannel

2 жыл бұрын

@@pumpuppthevolume yes that’s the plan at least :)

@LoveLaughExplore

2 жыл бұрын

The combination of wind solar is underestimated but also not understood by most.

@robineliasson8080

2 жыл бұрын

I got solarpanels wich runs my 500mh ETH and the rest of the house. Super happy with it and we even get 0,065USD back from taxes for every kW i sell to the grid. Even got 30% back to install it (Sweden).

@cyfralek8820

2 жыл бұрын

Seb, one pivot to what you said, your calculation is only correct if your peak energy production is smaller than your consumption at all times. If that's not true, it would be very different bcs of energy operator buy-sell rates

I work in the solar industry. Dont forget that solar panels maybe have 25years warranty, but your converter (and if you have optimizers) most of the times won’t have 25years of warranty. So dont cheap out on those

An important point I think is also that during a bear market reducing your cost to almost none but at the same time yielding a greater number of coin is a big plus to not have to sell what you are mining at a low price

@SebsFinTechChannel

2 жыл бұрын

YES 100% this is such a great point

@Masteradamant

2 жыл бұрын

Less people will be able to mine = more profit with solar

Man, I also want to thank you for the huge effort you make on each video to build up all those calculators and ideas. I am also mining flux full power right now, but considering getting into solar as well. Cheers!

This feels like it was shared to me at the exact time I was seriously considering solar. Thanks for all you do Seb!!

Hey Seb, I just wanted to say thank you for this information, I can tell that you put a lot of work into these videos and your the 🐐.

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.

Loving the start, intro, yourself etc, really coming along, considering solar myself 🙏 thanks

I have an off grid solar and battery setup that I built to offset part of my homes power, and have backup during storms (I'm rural so it goes out for many hours). If I get a sunny day every other day then I can run my 650w mining rig off it 24/7. It's a fun hobby to have the miner putting the system to use.

hey Seb, just wanna thank you for the effort and the explanation that u gave. great video!

Ok Seb - I did it! You talked me into Solar back in March😊 Also I saw the market was headed down, the ETH bombs triggered, the heat was on the way, and electricity prices going up. So instead of buying two more rigs and 20 more cards I put the money in Solar so I could keep mining round the clock. Thanks for your analysis !!

Just about when i was researching solar panels! 🤯 Are you watching me mate? 😜 Massive appreciation for going through all these for us mate! 👍🏼 much love. ❤️🤘🏼

@tanveerul-isalm8163

2 жыл бұрын

kzread.info/dash/bejne/iK5qyo9mnMTcedY.html ( My new Video GPU Mining 3090) 3.5Gh

You always make way less vids then other crypto you tubers but damn is your detail more then worthnit

Ah, finally the long wait on this video to be on air its over. Thanks seb.. stay safe and keep making video👍🏿

Wow this is really a new level from you, great job

Nice research and thinking on this, Seb.

This is awesome, I was looking for solar energh yesterday. I love it 👌

@SebsFinTechChannel

2 жыл бұрын

Awesome glad you liked the video

My 28 GPUs have 14 solar panels already. Since 2020. And now I'm buying 6 panels more.

@svetoslavss

2 жыл бұрын

what will you gpu mine after the eth 2.0

@kuroyukihime4731

2 жыл бұрын

how about the battery? when it need to be changed? thx

@josefloresbustinza3781

2 жыл бұрын

@@svetoslavss I'm already mining several coins

@josefloresbustinza3781

2 жыл бұрын

@@kuroyukihime4731 I have lithium batteries, in 15 years or more. Because I make them work until 50% discharge. No more.

So useful and informative! thanks sebs. Def new sub 👌

Thank you so much for your work, greetings from Argentina!

Brilliant work, thank you for sharing the spreadsheet.

@SebsFinTechChannel

2 жыл бұрын

You're very welcome! I'm glad you liked it! Thanks for watching :)

This is a great topic and I will cover my installation at some point on my channel. I will be upgrading my solar system soon as my farm is expanding rapidly. On average my area has a 10-12% price increase in electricity each year, so it quickly adds up in savings!

Thank you so much for the job done, awesome content.

Solid analysis as always. Thank you!

@SebsFinTechChannel

2 жыл бұрын

Glad you liked it :)

Awesome man I work for a solar panel company in sales and I am getting into mining now starting out with ETH and RVN love the vid

Bro this is a great video!! Thanks!

Thanks see for these calculator spread sheets they are super helpful with My setup and future plans

Wow.. this is so helpful! TY

Great research. Thanks for putting this together for the mining community!

@tanveerul-isalm8163

2 жыл бұрын

kzread.info/dash/bejne/iK5qyo9mnMTcedY.html ( My new Video GPU Mining 3090) 3.5Gh

Funny I was just making my first KZread video about this today way to go Bud great information!

Great work as always, THX.😀👌 I would like to see You dig deeper in it. Panels and all gear comparison etc 😋😋

What a useful spreadsheet and info, u r legend!!

Nice one Seb, will watch later!!

@SebsFinTechChannel

2 жыл бұрын

Awesome! :) Hope you enjoy!

Awesome content dude! Keep up the great work!

This is the first time I subscribe to this channel.

Funny thing... the girlfriend and I were just talking about this as we were having our morning coffee today. Thank You for all of the great information as always

Excellent choice for a clip!

Lately I was thinking buying 2k-3k w of panels this video is what I needed thx boi

Seb you haven't taken in to account in the fact that the amount of electricity or rather efficency of solar panels decreases with time... Keep it up can't wait for more videos ;)

@SebsFinTechChannel

2 жыл бұрын

Well I do mention it briefly but yeah they do decrease by a few percent over their 25-year lifespan. But honestly it was just a few percent and I think inflation would counter-act that technically. But feel free to add that to the calculator, that would be cool :)

fully agree. especially now that electricity is getting expensive but solar panels are still cheap!

@tanveerul-isalm8163

2 жыл бұрын

kzread.info/dash/bejne/iK5qyo9mnMTcedY.html ( My new Video GPU Mining 3090) 3.5Gh

@EA-tc6kb

2 жыл бұрын

Solar panel shortages began this year though, prices have and will be sky rocketing soon.

It will be very helpful if you go into detail as to how you are calculating how much electricity the mining is consuming in terms of wattage every 24 hours.. Very informative video thank you for uploading

Great content Seb.

Going to be fun entering the 27% increase in electricity lately rates lol

I said it before and will say it again. You are awesome and your excel sheets are pure gold. Bless you and your family. Fyi, I'm only 3 mins into the video at the time of writing this

@SebsFinTechChannel

2 жыл бұрын

Thanks man I’m so glad you’re enjoying the videos :)

Very helpful video Seb. Thanks!

@SebsFinTechChannel

2 жыл бұрын

Glad you liked it! Thanks for watching :)

Seb! awesome fintech analysis for us minerz.

Yeah great video What a lot of people dont see is that when solar is running, if solar covers all your current energy usage, it's realy free electricity, so reducing any ROI, and making "free money" as i love to say it

Awesome break down

I like your forward thinking and examples.. I totally agree, I think you spilt the risk go for the biggest amount you can afford to reduce your energy costs with panels and backfill with crypto mining.. also battery storage even though expensive for 'whole home' is pretty expensive you can dyi build and dedicate your own inverter and batteries to some solar for mining through the night to reduce some of your mining power expenses.. some (maybe most states) also offer cheaper rates on different times per day for selling energy back to the grid. produce and store during off peak and sell back during peak.. or just use your battery on peak times so you have low grid to no peak grid reliance when the sun goes down.

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.

just awesome timing! made my first payment for my panels a few weeks ago and hopefully they can get installed in april.will have 23kWh in east/west direction with 30° angle of the roof.i am so curious how it will work with my 1,2gHs i have :) would have been interesting to compare this with 6 year gpu's and rebuying them 4 times to see what happened after 24 years compared to the solarpanels.

Good stuff. I'm sure what country you live in greatly affects whether it makes sense or not (just live EVs). I haven't gotten any actual quotes, so this is just a quick search but quotes for 8kwh seem to average around 2X what you have listed around $15k-$16k+ which makes the BE time of somewhere around 20-25 years. Certainly, there are games to be played if you can choose different power plans (where you pay a different rate at different hours) and in some states like California it might make sense when power costs are high. Either way, thanks for the vid!

Love this!!

@SebsFinTechChannel

2 жыл бұрын

Thank you mate! :) Lots of work went into this one.......

@magiclucky5152

2 жыл бұрын

@@SebsFinTechChannel It's why we love you, man. You personify quality over quantity!

Morning Sir, really good comparison. But I would like to see what could be the profitability with and w/o solar panels. It will be really interesting.

I'm late to the party here, but great video. I've got 10kw of solar with an 8.2kw inverter. My rigs are paid for and when the merge goes through I'll only be mining during the day to ensure I am mining for free. It's hard for most houses to use up 8kw of power (unless you've got a large air con - which I do unfortunately), so mining rigs are a great way to burn that excess power off when it's there.

Break even is about 2 years currently for a 6KW system for me since power costs in the UK are so insane.

Wow! Estimated 2.5% increase yearly. Where I am from last year we had a 30% increase. And 22% for this year.

Great topic. recenlty been looking into more solar myself. GPU mining running costs have almost doubled since December. I'm in the Uk, was 16p per kWh, risen to 28p per kWh and another rise is coming later in the year. I currently have a 4kw system, and it made 3600kWh over the last year. This is effectively saving £1000 on the new 28p rate. Planning on adding around 16kw of solar panels. so this will be generating way more than I'm using at the time. No incentive to sell back to the national grid. So my best option is to store it. Looking at 75kWh of storage, this is the expensive part. My miners are using 3.5kw, which is 84kWh in a day of usage. The panels wil generate around 100kWh on a good day (based on the best days of my 4kw system). This will mean on good days I can run the miners for 24hours, we may get many good days together. I could also go further of powering down the miners depending on battery level, so buying in no power from the grid at all to mine.

@tanveerul-isalm8163

2 жыл бұрын

kzread.info/dash/bejne/iK5qyo9mnMTcedY.html ( My new Video GPU Mining 3090) 3.5Gh

nice video always

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

Seb your the best man! 🤙🏻

Nice video seb. Imo buy solar and gpus!

@SebsFinTechChannel

2 жыл бұрын

Glad you liked the video! Good luck!

yeah helpfull video again. i think buying solar panel more guarantee than buying gpu but humanity need everytime solar panel system.And we need thinking world's health is important

Great video. Still waiting. Solar panels get better every year. By the time you pay it off it may be obsolete. Can invest that money in pokt nodes and make more money instead without an roi. The key is getting a tax incentive or something. Or maybe write it off as a business expense? Would want a 2year roi , then maybe.

Hey Seb great video! Now what about wind turbines and water wheels⚡️😁

@SebsFinTechChannel

2 жыл бұрын

I only looked into them a bit but they seem to not last very long since they have moving parts and require a lot of maintenance. I think they’re o it a good option if you get almost no sun at all

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.

Great video! Although you should have taken notice that in mining you lose easyly 50% for the taxes.

See, I've done exactly this. 13,000 kwh/yr system (25 panels with micro inverters). My avg electric cost $0.2316/kwh. If I sell excess power back to the grid I get only a few pennies credit, so my excess is going into my gpu rig mining eth (680 watts) and my antminer T9+ (1340 watts) mining btc. Better returns that selling to grid here. BTW, I'm in LA area. Great video!

@tanveerul-isalm8163

2 жыл бұрын

kzread.info/dash/bejne/iK5qyo9mnMTcedY.html ( My new Video GPU Mining 3090) 3.5Gh

Boom finally found other solar miners!

Thank you for the topic and the spreadsheet. I was thinking if going solar worth it for me specially I pay low electric rate (about $0.05/kwh). I think buying GPUs is better options for me.

Thank you for this video Seb, this is amazingly helpful. I’m looking at buying a house soon and want to build a solar mining shed if it’s profitable for me and this is a great guide for thinking about this. I have questions about how the hardware/electricity actually works for a hybrid setup. I.e. if you are powered by solar battery mining and that energy is depleted, how does it automatically switch to using energy from your electricity provider to avoid maintenance and downtime in the conversion?

Keep in mind the days of sunlight differ thru out the year. Example, in May you may get 20% more than Jan. You likely need to average your solar cells and battery based on additional assumptions for use.

Great video in the UK 0.40 dollars the electricity /kwh, little bit ridiculous this 0.1 electricity rate in the videos 😊

@SebsFinTechChannel

2 жыл бұрын

You would definitely profit from solar panels then

@jankahunor2068

2 жыл бұрын

@@SebsFinTechChannel from solar yes, but soon I can throw in the bin my 53 gpus😔

@lordsponge10

2 жыл бұрын

0.75 dollars here in the Netherlands :(

Very good video, I am located in Mexico, we have around 10 to 12 hours of sun here, but do you really think Ether will go away on June ? you should have a new video about it !

I'm getting solar now, just waiting for the instalation. Covering my roof I get enough power for normal life and a little extra for mining. Much more power in the summer.

@jdub8305

2 жыл бұрын

How much to install?

I recently installed a 1100w solar system. I plan to slowly expand it to help offset my mining farm power as I slowly add gpus

@crossnicholson2121

2 жыл бұрын

Do you store then use the solar power? Or use as you harvest?

@thestickshark

2 жыл бұрын

@@crossnicholson2121 I use as I harvest

@crossnicholson2121

2 жыл бұрын

@@thestickshark is it expensive to add in?

@Sebs that $8000 price is a DIY price right? Seems like a low price compared with some quotes im getting in Arizona

used panels can have up to 95% of their performance of new ones. they use up more space tho, its up to your avaiable space. but you save like 80 - 90% on purchase vs new ones on dollar/kwp but dont use used converters, not worth the risk imho.

@SebsFinTechChannel

2 жыл бұрын

Great tips thanks Heinz 👍

@tanveerul-isalm8163

2 жыл бұрын

kzread.info/dash/bejne/iK5qyo9mnMTcedY.html ( My new Video GPU Mining 3090) 3.5Gh

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!

Good job. Thank you. I prefer solar.

hi bro many peoples talking about Lhr version 1 and Lhr version 2 GPUs, what is the difference between them? is both GPUs worth it for all algorithm ?

This is why I'm planning on diversifying my income and also going for a renewable energy. Coins can hit the clouds or may tank. But I know for a certain I will need more and more energy going forward.

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.

How long warranty does the solar panel holds? What if? Regards. Pete

Getting solar panels on my roof right now to do exactly this. But would this be a good time to be buying GPUs for.. FLUX? To be in line with the purpose of the video. I am wondering if I should open up my 3090, 3060, or 6600xt to start mining on them or to sell them off. still in box.

this is what im talking about!!!

You also need to add that if the electricity used was for mining which makes money over the cost, the panels would pay off even quicker?! Right? So instead of X cost per day leaving the rest as profit, it’s all profit as soon as the elec has mined the cost of the panels not the cost of the electric produced equals the cost of the panels, as cost vs profit, profit is higher, so it should be how long does it take to pay them off in crypto gains, which could be even quicker with price discovery.

What if you spent half on gpus and half on solar panels 4k each and run gpus off the electricity your panels make ...all profit if they make enough electricity to run the gpus

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.

@sirkid8553

2 жыл бұрын

Where did he buy them? Make/Model? Thank you.

@hippiemuslim

2 жыл бұрын

Hi, they are PERC ACKOME panels, not sure where you're based, look them up. The invertor is from EAsun, they deliver internationally I think.

quick tip you can upload your video with no black bars on top and bottom and youtube will ad them automatically I have ultra-wide monitored and having black bars on top is pretty annoying XOXO

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.

Today installing solar panels!!!!

@SebsFinTechChannel

2 жыл бұрын

Awesome! And thank you for being so early to the video! :) Good luck with your panels!

My solar array gets installed the last week of April

My electricity bill went from 0.089EUR to 0.23EUR per kWh. Solar would be pretty sweet.

For me, solar panels will ROI in 6-7 years. If I can eventually buy instead of renting, I'd definitely go solar since over the long term it makes sense.

some realistic accurate calculations based on what we know.

you dont necessarily need 8000w for solar, also the one time payment will save you monthly payments which allow more fiat for more cards anyway rather than cashing crypto from mining to compensate the energy usage if what im saying makes sense to you

Instead of getting a solar setup, i am thinking of moving next to seb and running a pigtail from his setup ;)

@SebsFinTechChannel

2 жыл бұрын

Hahaha :D

Im looking more into the Tesla Tiles. The problem is the battery bank they want 11k. No sure about the battery since I will burning all solar power generated.

I pulled the plug on solar a little less than 5 months ago. I have already made back 9% of the total cost of the system. On top of that, I am mining for free. The GPUs have already paid back a little under 30% of the total solar cost. It's working spectacularly so far

@r4v3nous31

2 жыл бұрын

pulled the plug?

@CaedenV

2 жыл бұрын

@@r4v3nous31 typically that means 'went for it'... but in the context of solar it sounds like he got rid of it lol

@maxwelzig

2 жыл бұрын

@@r4v3nous31 As in I pulled the trigger to buy solar. I used the wrong word there oops