HACKER Q&A
📣 mitchbob

Economics of Bitcoin Mining?


My brother, a semiretired hydropower engineer, has a client with 750 kW of generating capacity that because of regulatory snags he can't connect to the grid. He's interested in whether it makes economic sense to use the power to mine bitcoins and what the total lifecycle costs would be. Are there good resources for exploring options--which I imagine run from to full DIY to turnkey solutions to mining as a service--and costs?


  👤 wmf Accepted Answer ✓
750 kW sounds perfect for a container. https://thecoindad.com/ https://ezblockchain.net/smartbox/ https://bitfury.com/crypto-infrastructure/blockbox The hard part is coming up with ~$3.5M up front and actually getting anything due to the supply chain.

👤 elamje
I've been seeing this executed a lot in the energy sector in TX. Lots of remote locations running on excess energy. Highly recommend to get connected to people that understand these projects - feel free to reach out if you'd like to speak with anyone that's done one of these projects.

👤 sushsjsuauahab
Normally its more cost effective to just simply spend the money on coins now, but it sounds like you have electric power lying around.

If you don't have money for purchasing mining machines, perhaps you should arrange for renting out your power to someone who does.

Or you could grow weed!