Potential of Biowaste Energy in Bitcoin Mining

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nick_hawkMember
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#1Jun 21, 2024, 08:03 AM
Power costs in Nigeria are insane and super unreliable, makes Bitcoin mining almost impossible. Using solar might help, but it really depends on where you are. Biowaste energy could be a solid option for mining here, but I’m curious about the setup costs and how effective it actually is.
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bear404Newbie
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#2Jun 21, 2024, 12:57 PM
Setup costs? Didn't know anyone was into biowaste for energy... but honestly, it’s not about being good or bad. If you have power, you can mine. Maybe you’re asking about efficiency? That needs some testing.
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planktonHero Member
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#3Jun 21, 2024, 03:30 PM
Totally agree. It doesn’t matter what biowaste is used for. Power is power. Most of the time, biowaste is converted to methane for heating and cooking, but it can definitely run generators too. It all comes down to how much methane you can get and how efficient the generators are.
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wallet21Senior Member
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#4Jun 21, 2024, 06:50 PM
Exactly. Biowaste can help but it won't completely replace other energy sources. It's still pretty new tech and has some scalability issues. Not a magic solution, but it can definitely help with a more sustainable energy mix. As tech improves, it’ll probably get more popular.
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jakecobraFull Member
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#5Jun 21, 2024, 07:56 PM
Yep, and the energy price is key. Like, if I could magically generate power for free and sell it for 10 cents per kWh, but everyone else is paying 6 cents, I’m losing money mining BTC.
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planktonHero Member
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#6Jun 21, 2024, 09:49 PM
You can find basic info on biomass energy in Africa online, just search for it.
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nick_hawkMember
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#7Jun 22, 2024, 12:16 AM
I’m asking because I want to know if anyone actually uses it for mining. How effective is it and what’s the cost of a good generator? I feel like my question hasn’t been fully answered.
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planktonHero Member
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#8Jun 22, 2024, 01:55 AM
Haven't seen any threads about biogas for mining. But there are some on flare gas from oil wells. Just search for "flare gas mining". Same generators are used for both. You need a Prime Power rated generator for non-stop operation, unlike typical backup generators that need regular maintenance.
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0xAlph4Member
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#9Jun 22, 2024, 04:36 AM
If you want a specific cost for a biowaste generator, I doubt you'll find it here. Honestly, considering you're in Nigeria, solar might be a simpler and more effective option. Everyone knows how to set it up and the sun is intense there.
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#10Jun 22, 2024, 10:39 AM
Read about how Irish farmers use cow dung for Bitcoin. They use their excess energy from farming to mine BTC. It’s crazy how much energy they can produce.
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#11Jun 22, 2024, 11:15 AM
That’s not accurate. Basic Bitcoin mining just involves solving a simple double SHA256. No need for fancy tech to explain it.
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nick_hawkMember
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#12Jun 22, 2024, 11:21 AM
But what about when it rains? How do solar miners keep mining during the rainy season?
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planktonHero Member
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#13Jun 22, 2024, 04:53 PM
They probably have backup plans to deal with seasonal changes. Just gotta research solar power for your specific area.
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#14Jun 24, 2024, 03:04 AM
Biowaste and biomass are a bit different. So, to keep it simple: biowaste like manure is inefficient and costly, even with subsidies. It’s a hassle and not great for large-scale mining. I’ve dealt with it, and trust me, it’s not worth it.
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0xNodeMember
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#15Jun 24, 2024, 03:33 AM
Good point. If your generators waste energy, it doesn’t matter what your power source is. Most generators in Africa are old and not built for today's demand.
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#16Jun 24, 2024, 09:49 AM
I’ve got questions about gas storage, waste disposal, maintenance of generators, and permits too. Setting up a mini power plant needs skilled people.
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0xL0rdMember
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#17Jun 24, 2024, 12:57 PM
Costs vary a lot, but if you’re into green energy and BTC, it’s worth exploring. Maybe you could change the game!
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planktonHero Member
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#18Jun 24, 2024, 04:49 PM
Found a company that specializes in biogas and co-generation. They use waste heat to create more power. Seems promising.
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lynx_2021Full Member
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#19Jun 24, 2024, 09:40 PM
It depends on a bunch of factors. But are you okay with storing trash in your backyard? Some small miners run on biomass, which seems like what you’re looking for. There are companies like Jenbacher that help with energy solutions.
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diamond69Newbie
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#20Jun 25, 2024, 01:37 AM
Biowaste can be effective for mining. There are various ways to generate it. But if mining isn’t done right, miners lose out. Electricity costs are a huge factor.
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