eric_nonceMember
Posts: 2 · Reputation: 100
#1Aug 29, 2019, 04:12 PM
Could solar power actually mine Bitcoin effectively? If it works well, that could be a big deal.
Venezuela's Crypto Mining Ban: What's Next?
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They grabbed 2000 miners, huh? Honestly, I bet they’ll end up using them to mine BTC for themselves… kinda funny. They have the gas to keep those machines going.
Seriously? Venezuela, ranked super low on the Corruption Index, comes up with a grand excuse to confiscate those miners. I doubt anyone trusts that. Like someone said before, they’ll probably just keep the miners for themselves. Free equipment plus no electricity bill? Yeah, I’d call that a win.
seed_ninjaNewbie
Posts: 204 · Reputation: 1
#4Sep 1, 2019, 08:59 AM
Nah, solar isn’t really cut out for mining. The battery costs are insane and they don’t last long enough. Plus, keeping them all charged is a pain. You can’t just count on sunshine all the time.
Wonder what models they took? S9s or S19s?
CryptoStakeNewbie
Posts: 29 · Reputation: 29
#6Sep 3, 2019, 03:06 PM
Haha, corrupt government? Come on, what else can we expect?
Venezuela has become a joke tbh. It's like a lawless wasteland now. Can't take this news seriously. Those miners will definitely be put to use by the leaders, why toss them aside?
wallet_vaultFull Member
Posts: 321 · Reputation: 431
#8Sep 3, 2019, 11:37 PM
A country that can’t even supply its people with power tells miners to stop? Sounds logical. Imagine the uproar in Texas if a miner causes a blackout during peak times.
But Texas has way more resources. Why aren’t they lobbying for cash to fix the grid? Seems like they should push for upgrades.
tony_4tl4sMember
Posts: 286 · Reputation: 84
#10Sep 5, 2019, 03:17 AM
No way you can go off-grid without batteries. Solar is way too pricey for mining. You have to over-invest, and even then, you're just playing with fire.
wallet_vaultFull Member
Posts: 321 · Reputation: 431
#11Sep 5, 2019, 08:44 AM
Exactly! The miners just keep increasing! By the way, how much power does your house use monthly? An S19 can pull a ton.
its_walletMember
Posts: 147 · Reputation: 161
#12Sep 5, 2019, 11:32 AM
Texas wants to control their power grid separately from the rest of the US. That’s why they’re in this mess. They could have learned from New York's mistakes in 2012, but here we are.
tom_walletNewbie
Posts: 36 · Reputation: 8
#13Sep 5, 2019, 12:01 PM
Do you think the Venezuelan government is really not gonna use those miners for their own benefit? They need income, especially since the US cut them off from oil sales.
Honestly, no dip in the hashrate detected so far, right?
atlas_orbitMember
Posts: 86 · Reputation: 118
#15Sep 5, 2019, 06:42 PM
Sure, solar with batteries could be backup, but mining costs skyrocket. It’s all about maximizing efficiency in sunny areas, but again, you can only mine during the day.
ben.matrixNewbie
Posts: 3523 · Reputation: 35
#16Sep 5, 2019, 10:25 PM
How much impact could these mining devices really have on a national scale? And is the power shortage just a cover for taking those miners?