Solar Powered Crypto Mining: Making free money with sunshine!

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DIY Solar Power with Will Prowse

DIY Solar Power with Will Prowse

Күн бұрын

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@WillProwse
@WillProwse 3 жыл бұрын
I will NEVER move to Washington. I am buying a property there. I'm not leaving Vegas. I'm buying multiple houses, and keeping them all. I am using it to make money, and that's it. I also tuned the gpus which took twenty minutes and they are running much cooler and using less power. And of course, I'm mining other coins with the gpus and converting to btc. I figured that was implied. I am also paying $400K+ in taxes this year, so this mining income is a joke. I will declare every crypto that I mine and invest in so I do not get jailed. I have a bookeeper and cpa that see all of my accounts. This video is NOT here to convince you whether or not you should hold or mine any cryptocurrency. I will only talk about how you can do it with solar. There are obvious risks, and you can lose everything. Or you can make huge gains. Do your research. Everyone has their own opinion on this stuff. ~~~~~~~~~~~~~~~~~~~~~~~~~ Does off-grid solar confuse you? Check out my DIY friendly website for solar system packages and product recommendations, and so much more! www.mobile-solarpower.com Join our DIY solar community! #1 largest solar forum on the internet for beginners and professionals alike: www.diysolarforum.com Check out my best-selling, beginner-friendly 12V off-grid solar book (affiliate link): amzn.to/2Aj4dX4 If DIY is not for you, but you love solar and need an offgrid system, check out Tesla Solar. Low prices and great warranty, and they can take your entire house offgrid with their new Powerwalls: ts.la/william57509 ~~~~~~~~~~~~~~~~~~~~~~~~~ My solar equipment recommendations (Constantly updated! Check here first): 12V/48V Lithium Batteries: www.mobile-solarpower.com/solar-batteries.html Solar System Component Directory: www.mobile-solarpower.com/solarcomponents.html Plug-N-Play Systems: www.mobile-solarpower.com/full-size-systems.html Complete 48V System Kits: www.mobile-solarpower.com/complete-48v-solar-kits.html DIY Friendly Air Conditioner/ Heat Pumps: www.mobile-solarpower.com/solar-friendly-air-conditioners.html Complete 48V System Blueprint: www.mobile-solarpower.com/48v-complete-system-blueprint.html ~~~~~~~~~~~~~~~~~~~~~~~~~~ My Favorite Online Stores for DIY Solar and Coupon Codes: -Current Connected: SOK, Victron and High Quality Components. Best prices and warranty around: currentconnected.com/?ref=wp -Signature Solar: Cheap Server Rack Batteries and Large Solar Panels: www.signaturesolar.com/?ref=h-cvbzfahsek -Ecoflow Delta Official Site: My favorite plug-n-play solar generator: us.ecoflow.com/?aff=7 -AmpereTime: Cheapest 12V batteries around: amperetime.com/products/ampere-time-12v-100ah-lithium-lifepo4-battery?ref=h-cvbzfahsek -Rich Solar: Mega site and cheaper prices than renogy! Check them out: richsolar.com/?ref=h-cvbzfahsek -Shop Solar Kits: Huge site with every solar kit you can imagine! Check it out: shopsolarkits.com/?ref=will-p -Battery Hookup: Cheap cell deals bit.ly/2mIxSqt 10% off code: diysolar -Watts 24/7: Best deals on all-in-one solar power systems, with customer support and distribution here in the USA: watts247.com/?wpam_id=3 ~~~~~~~~~~~~~~~~~~~~~~~~~~~ Contact Information: I am NOT available for personal solar system consult! If you wish to contact me, this is my direct email: williamprowsediysolar@gmail.com Join the forum at diysolarforum.com/ if you wish to hang out with myself and others and talk about solar FTC Disclosure Statement and Disclaimers: Every video includes some form of paid promotion or sponsorship. Some links on this youtube channel may be affiliate links. We may get paid if you buy something or take an action after clicking one of these. My videos are for educational purposes only. Information is subject to change/update at any time. Electricity is DANGEROUS and can kill. Be smart and use common sense :) DIY Solar Power with Will Prowse is a participant in the Amazon Services LLC Associates Program, An affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com
@joshnabours9102
@joshnabours9102 3 жыл бұрын
Do you have any channels that you reccomend watching to learn about crypto mining and cryptocurrency?
@WillProwse
@WillProwse 3 жыл бұрын
@@joshnabours9102 Robert Breedlove
@WillProwse
@WillProwse 3 жыл бұрын
@@joshnabours9102 and Michael Saylor
@joshnabours9102
@joshnabours9102 3 жыл бұрын
@@WillProwse Thank you! I will look them up!
@doskraut
@doskraut 3 жыл бұрын
@DIY Solar Power with Will Prowse Sorry but I was not complaining about you, was just complaining about the high GPU prices even on used GPU's.
@NeedleBender785
@NeedleBender785 3 жыл бұрын
I am an electronics hobbyist and watch every one of your videos, they are very informative and contain massive amount of knowledge and attention to detail. But to top it all off, it is a breath of fresh air to hear someone promote individualism, personal responsibility and self sufficiency. !!!
@ReviewsandTech
@ReviewsandTech 3 жыл бұрын
You can't put what you said in a better way, thank you
@dinlapid7777
@dinlapid7777 3 жыл бұрын
Literally all KZbinrs teaching ANYTHING should take notes while watching your videos, you’re the best teacher I never had
@JohnBaker3000
@JohnBaker3000 3 жыл бұрын
We have our miner in the basement, mounted about 6 inches horizontally from and about a foot below our AO Smith air-sourced heat pump water heater. When the water heater kicks on, it blows cold air directly onto the cards. When the water heater is off, the heat from the cards rises toward the air intake for the water heater, thereby pre-heating the air for the air-sourced heat pump water heater. It's a win-win on so many levels. The heat pump water heater pulled the basement temperature down to 48 degrees last winter. The miner will warm the basement up a few degrees this year, now that it is in the basement.
@johnholden59
@johnholden59 3 жыл бұрын
I have a mini dry ice maker and a fan. Works like a charm!
@WhiteBoardFinance
@WhiteBoardFinance 3 жыл бұрын
Commenting for the algorithm because Will is a legend
@WillProwse
@WillProwse 3 жыл бұрын
😁👍
@Kayte...
@Kayte... 3 жыл бұрын
Will, you want a vid suggestion? How about a Bitcoin 101 with a follow up cryptocurrency mining 101 vid in the most basic terms as possible for those of us who are completely clueless but want to learn. Your grasp of everything in your vids is impressive and your enthusiasm is fun to watch.
@Kayte...
@Kayte... 3 жыл бұрын
@Chad N you obviously aren't the person who needs this elementary vid then. This vid has to be so basic as to explain what everything you mentioned is and what it does.
@mikemotorbike4283
@mikemotorbike4283 3 жыл бұрын
The easy stuff is easy and the hard stuff is hard. If he put his channels focus on crypto to do it as well as he does solar, we would lose our solar man. But he does explain and make it accessible well though doesn't he. Maybe one day he will be President.
@M22Research
@M22Research 3 жыл бұрын
The section about traveling and spending Bitcoin was hilarious! Will had the biggest grin I’ve ever seen. He was grinning so “loud” he might as well have been like, wink, wink…”. Good stuff.
@davidgolden6068
@davidgolden6068 3 жыл бұрын
Another potentially huge point: if you mine through an LLC, you can get both the tax write-off *PLUS* the tax credit (25% of solar system cost taken out of your taxes dollar-for-dollar I believe). This means you're effectively saving something like 40-50% on the cost of the solar system
@WillProwse
@WillProwse 3 жыл бұрын
Yes true
@mnotlyon
@mnotlyon 3 жыл бұрын
You don't need an LLC for a tax write off.
@WillProwse
@WillProwse 3 жыл бұрын
@@mnotlyon yeah everyone knows that, but it's nice to organize it under its own LLC.
@doolittleranch8302
@doolittleranch8302 3 жыл бұрын
@@WillProwse -why? details would be nice.
@facenameple4604
@facenameple4604 2 жыл бұрын
@@doolittleranch8302 Because cryptominers are scammers, and US tax law is written to give big businesses deductions while messing with regular people. It's not noble to use crypto-mining to take advantage of that. That's just peak-CEO.
@briantaylor7075
@briantaylor7075 3 жыл бұрын
Hi Will, please make a video showing what the *average miner would need to buy to power a small GPU rig (4 to 6 Cards) off-grid.* Amount of panels, inverter, batteries etc etc... from specs to assembly. You would get a ton of views since solar and electricity stuff are your specialty. Looking forward to more videos centered around mining off-grid. Thanks!
@adtvchannel3
@adtvchannel3 3 жыл бұрын
​@UCoj6RxIAQq8kmJme-5dnN0Q​ that would be fantastic , that's a great idea Brian
@HomesteadDad
@HomesteadDad 3 жыл бұрын
That would be awesome!!!
@orangefan044
@orangefan044 3 жыл бұрын
with and without solar,,, its a huge difference ..... as lots do it with no solar,, im excited to see you move to hydropower many places its viable,
@mikemotorbike4283
@mikemotorbike4283 3 жыл бұрын
wow is that ever disingenuous. What do you offer, besides promises which cost you nothing? And you'd trash Will when you failed. To be an adult you have to dream save plan execute and not put responsibility for yourself on others. What you are asking is for will to be your dad, but a good Dad would never take away your grow up experience. Shheeeeeit boy. "Believe in your own ability and be sovereign", is the what Will sells, he doesn't sell electricity. He inspires junior to grow big and strong like Dad by flexing his biceps.
@rogermoore8977
@rogermoore8977 3 жыл бұрын
Commercial greenhouses need low cost heat to keep the plants alive during winter time sounds like a co-op.
@AutisticMorty
@AutisticMorty 3 жыл бұрын
Omg I've been thinking how I can cheaply power a greenhouse to grow food in the winter. That is genius! Except at $12,000 each, that will be a $60,000 greenhouse. Hmm maybe I'll stick to manure heating.
@rogermoore8977
@rogermoore8977 3 жыл бұрын
@@AutisticMorty yes, sometimes low tech makes the most sense.
@igneousc
@igneousc 3 жыл бұрын
humidity and electronics don't mix
@-whackd
@-whackd 3 жыл бұрын
@@igneousc You put the miners in a room/shed with a fan and duct going to the greenhouses. Then you produce organic salad greens in a cold climate and sell them to hotels and high end restaurants. Ideally on a property in BC, Quebec or Washington state, or somewhere cold where you can do micro hydro.
@teamdestinyph
@teamdestinyph 3 жыл бұрын
@@igneousc You can Isolate them and not mix.
@prodeous
@prodeous 3 жыл бұрын
you could "mod" the ASIC and water cool it. And use a Water Buffer to pre-heat your home water. I bet them ASCI's get in the 60*c+ range so a lot of that energy could be "recycled" into home water heating.
@WillProwse
@WillProwse 3 жыл бұрын
Wow that would be cool
@allan80supra
@allan80supra 3 жыл бұрын
@@WillProwse and quiet!
@joeharter7498
@joeharter7498 3 жыл бұрын
I could heat my pool in the winter.
@volvo09
@volvo09 3 жыл бұрын
@@joeharter7498 not with a single miner... Unless it's an indoor inflatable pool.
@ssoffshore5111
@ssoffshore5111 3 жыл бұрын
I'm not a firm crypto believer (yet) as a store of value since it lacks anything tangible, but didn't I read somewhere recently that all of this enormous power usage associated around the blockchain verification and mining is easily avoided using another technology that's proven to work and uses a small fraction of the power requirements? I believe one or more alt coins are already using it. If so, shouldn't one be careful when investing in all the rigs if they could be proven basically useless for this purpose almost overnight if the other tech was adopted (and it sounded fairly easy to do)? With everything being pushed towards "green", I would be very fearful about investing in $10k+ rigs that are deemed the enemy right now, even if a few are producing their own power.
@dragasan
@dragasan 3 жыл бұрын
It's amazing how much I'm learning from this young man.
@drex1235
@drex1235 3 жыл бұрын
Very informative video. Thanks for the content. Sounds like you had a very easy time building your rig. You are one of the few!
@chrisdongwon
@chrisdongwon 3 жыл бұрын
i think you are forgetting to consider the increasing mining complexity - this has to slow down your break-even period and you should do a projection calculation with these figures and still be sure you can make profit.
@W0KNI
@W0KNI 3 жыл бұрын
I mined ETH for 2 years and you are right on. AND, those ASICS are not without wear and tear - reducing your profits as they breakdown. You're better off just buying crypto.
@WillProwse
@WillProwse 3 жыл бұрын
Yes true, but that's a risk I'm willing to take
@wagmiorngmi
@wagmiorngmi 3 жыл бұрын
@@W0KNI crypto mining is really just a geek thing now as you can't compete with the big boys. I used to do it about 6 years ago and made "ok" gains from it, but nothing life-changing. But as you say, you're better off just buying the damned crypto itself these days - so many low cap alt coins to hedge your bets across and you only need 1 to do 100x from fractions of a cent to make some serious cash if you spent the time in advance to thoroughly research the project. But that said, the comment up-screen about basically heating your (small) house for free in the winter time is a valid if you're that way inclined.
@mikemotorbike4283
@mikemotorbike4283 3 жыл бұрын
@@wagmiorngmi A "Smart Heater TM"! It's could be cost neutral if you already use resistive heating.
@scoleri
@scoleri 3 жыл бұрын
@@wagmiorngmi When you buy it they know you have it.
@idkidk7985
@idkidk7985 3 жыл бұрын
Dude where were u a year ago I was dying for this video lol thanks man you are the first solid one about this and idk why people were so slow to this idea it makes perfect sense
@simoncantin6230
@simoncantin6230 3 жыл бұрын
Did you ever heard about Immersion Cooling ? It use dielectric coolant fluid (made by Engineered Fluids) or mineral oil. You literally sink the entire asic into that stuff and save electricity by removing fans and also you shut the noise by 90%!! It would be cool to see you test this !
@zodiacfml
@zodiacfml 3 жыл бұрын
why did I not subscribed to this channel back then which I've seen DIY batteries and van videos. This channel covers most of my current interests.
@Intellistan
@Intellistan 2 жыл бұрын
Haha!! Man I'm a fan, you're a bro for sure. A guy who's not afraid to hit the clutch on folks is a friend indeed. Might have to get me a row of those rigs
@wmk5566
@wmk5566 3 жыл бұрын
Finally, your perspective for mining + own solar ecosystem + opinions about crpytocurrency. Most of us have the concept and execution for mining and i agree most of us not having the guts to integrate it with solar system. I admired your passion and hopefully can start from something small.
@SuperDividenz
@SuperDividenz Жыл бұрын
I have been mining for a few years and just started my journey into setting up a solar array to assist in power for my small farm. thanks so much for your channel helps me learn a ton about solar.
@SuperDividenz
@SuperDividenz Жыл бұрын
I decided to keep it dc no inverting the electric
@remoleon
@remoleon 3 жыл бұрын
I think youre 100 % right, great videos bro, i live in Costa Rica and the electrical cost here is 4x the Usa cost.
@joshuamaserow
@joshuamaserow 3 жыл бұрын
Hey @Will glad to see you're finally putting all that solar to good use. Look into how stratum protocols and nodes work. Also data collection and correlation like IP and wallet addresses etc. Lots of fun. Have fun. You're probably mining ethereum on your GPUs (nice hash to bitcoin, I imagine) Ethereum needs low/medium core speed and high memory speed. You can easily increase hashrate and lower heat and lower usage and also potentially extend the life of your GPUs. It is fairly simple but people get into the details like temperatures and tuning and also how much power and heat you use depends on the algorithm. Eg: If you use SATA power connector for your riser, it might seem okay on etherum, but would likely melt on something else thst is core hard, like ravencoin. You're a smart guy but remember to stay humble. You still have much to learn.
@TRD_2zz
@TRD_2zz 3 жыл бұрын
Agreed. The hardware setup is simple but tweaking the cards to get the best hash rate per watt may take some time. I hope he isn't mining Bitcoin directly with the GPUs since I assume that doesn't make sense at all at this point with the difficulty. You mine an alt coin then convert it to Bitcoin. I would consider doing this with solar as well but aquiring all the gear to do so and offsetting the heat has a high cost.
@danielgrwaldphone2927
@danielgrwaldphone2927 2 жыл бұрын
About those noisy fans: I made a copperwire spiral water pumped cooling system for my computers about 15 years ago just for fun. Worked great, but be careful with electronics and water. Oil can be used instead, if you can contain it well. It looked ugly but worked great.
@carlotheatheist
@carlotheatheist 3 жыл бұрын
seeing my beloved solar enthusiasts person doing mining made me smile.
@msears101
@msears101 3 жыл бұрын
For the ASIC miner, ,you should consider direct venting the exhaust directly outside. In many cases it is cheaper to cool outside air, than the exhaust from the basic miner. Large computer datacenter do this.
@WillProwse
@WillProwse 3 жыл бұрын
Yeah I should do that
@air7tv
@air7tv 3 жыл бұрын
I agree, but only if the air coming in to the building is dry (should be ok in the desert)... But if it's humid or salt air (I get both) your gear won't last as long.
@paulbolwell3123
@paulbolwell3123 3 жыл бұрын
Was wondering the same thing, just run an AC duct from the rear to outside if you need to keep the inside cool
@LADETROIT
@LADETROIT 3 жыл бұрын
@@WillProwse but in the summer here in vegas. The hot air just back flows through the vents. You will need some heavy exhaust
@WillProwse
@WillProwse 3 жыл бұрын
@@LADETROIT next summer I won't have these miners in this state. I'm putting them in the house I'm buying for mining
@keisenb
@keisenb 3 жыл бұрын
I just build a shed in my backyard that has some ASICs in it. It's making around 120 dollars a day but that's paying for all the electricity right now. I'm on about 1.5 acres and have plenty of south facing land with no trees. My next plan is to add a huge solar array to supplement that electric usage. My electric usage for the shed is ~800 dollars a month. If I could cut that in half with a grid tie system that would be pretty slick. Thanks for sharing the video
@orangefan044
@orangefan044 3 жыл бұрын
spending lots of money to make no money is great, maybe in 5 yrs you can start making it back, i need a return the same year, big maybe,, commenting for will to get money, love him......
@randybobandy9828
@randybobandy9828 3 жыл бұрын
What ASICS did you buy?
@SmallVansBigWorld
@SmallVansBigWorld 3 жыл бұрын
Bro tell me you live close to chicago and I'll come help you with the solar build
@usa-ev
@usa-ev 3 жыл бұрын
@@SmallVansBigWorld I live near South Bend, IN, and am looking to build a large array. Am I close enough? :)
@SmallVansBigWorld
@SmallVansBigWorld 3 жыл бұрын
@@usa-ev actually relocating to Valpo next month, so yes let's talk!
@neccron9956
@neccron9956 3 жыл бұрын
Try building a plenum for your Mining rig and vet the plenum to the outside. So, the cool air will go into your rig, and the hot air will be vented to the outside via the plenum. This is what, for example, Amazon/Netflix does to keep cooling costs low.
@Richardincancale
@Richardincancale 3 жыл бұрын
Absolutely - no point using a heat pump / aircon to extract the heat, even with a COP of say 4. Only problem could be the noise, depending on the length of the duct - might need some sound absorber in it and some bends.
@WillProwse
@WillProwse 3 жыл бұрын
Smart idea
@eggshellgoesgaming
@eggshellgoesgaming 3 жыл бұрын
In hot summer climates like Vegas, the problem is that venting any air outside pulls in the 120F air from somewhere else. Would work in winter, since Vegas does get cold, but then you'd do better to keep the heat inside your home.
@seymourrivers6169
@seymourrivers6169 3 жыл бұрын
Thank you for posting this video on solar powered crypto mining & making free money with sunshine.
@jickdespain2466
@jickdespain2466 3 жыл бұрын
Thanks for all your videos! I'm about to put in a off grid solar system and your content is worth its weight in uranium. Bitcoin will always be around but the other cryptoes gain value in coalition with the use case they specifically offer i.e. payment rails, NFTs ,data sourcing, etc. 99% of crypto may become unavailable to 99% of US residents due to the unfair regulatory environment. Never put all your eggs in one basket.
@gracegood3661
@gracegood3661 3 жыл бұрын
Mate! We have purchased a couple of hectares here in NZ. I’m trying to put this together in my head 1/ it’s loud, ok I’ll put the rig a sound deadening shed. 2/ it’s produces heat, ok I duct the heat into my tunnel house to keep the plants warm in winter. 3/ my intended grid tie 8 kilowatt solar set up could power a rig that drops 3k US per year and still charge my low use two bedroom home. 4/ it’s plug and play so even a fifty something moron like me can make to work. Sincere thank you for planting a seed on how to maximize the potential of our tiny homestead.
@caddyzig
@caddyzig 3 жыл бұрын
Excellent video. Really interesting, and I enjoy hearing your well thought out opinions. (Glad your cat made a cameo appearance, too!) 😊
@troy2923
@troy2923 2 жыл бұрын
Great stuff Will, I started following all your videos ages ago to learn how to build a mining farm, still glad I did, learnt heaps as I'm all mechanical/PC based not 1 amp of experience with elec lol .....So twice as stocked to see you put one (or a few lol) together yourself, Sept 2021 was ideal time to setup, stay on it, forget market downturns, 10-20 years is good, my advice is HODL 20% sell what's mined every cycle top, good on you. 2 years I been following and researching first, as with electricity, safety first! :)
@ntwadumela374
@ntwadumela374 3 жыл бұрын
can you do a tutorial on setting up miners from scratch? step by step will greatly appreciate and thx for info so far great stuff!
@derek2593
@derek2593 3 жыл бұрын
He's a solar guy. There are plenty of videos out there for getting into mining.
@WillProwse
@WillProwse 3 жыл бұрын
@@derek2593 I bet I could make an easier to follow video. The mining channels have long boring videos
@SamsLiberty
@SamsLiberty 3 жыл бұрын
@@WillProwse not to mention I do not trust the links they post in most of them.
@edpowell4838
@edpowell4838 2 жыл бұрын
Watch red panda mining make a video on them. He is very friendly and has helped me set up multiple mining rigs
@dorkultra
@dorkultra 3 жыл бұрын
i was worried you weren't going to do this video because you said it would be boring, but i'm happy you did!
@metatron1947
@metatron1947 3 жыл бұрын
Would love to see video about your life story Will. From the bits and pieces you have spoken about, I'm betting that it would be very interesting!
@samonaro65
@samonaro65 3 жыл бұрын
This is exactly what I was looking for without looking for it. Thanks Champ! Your channel is so innovative 💡
@timchaffin5663
@timchaffin5663 3 жыл бұрын
This one makes me smile. I'm impressed.
@landseavideoescapes4502
@landseavideoescapes4502 3 жыл бұрын
I just love the LEGO commercial!🥰
@araujogv
@araujogv 3 жыл бұрын
Hi Will, nice video, can you talk about new nft games coming like, for example, Block Monsters? Thanks.
@lloydcoleman5469
@lloydcoleman5469 3 жыл бұрын
Wow that's awesome. I wish I had the mental capacity to understand all that you do about electronics. So young, doing so well! *Bows humbly*
@fergman300
@fergman300 3 жыл бұрын
Hey, thanks for the insight. I currently run 1 rig with 8 1080ti's. Ive been looking into powering with solar...but havent crunched the numbers for total cost, but this video helped a bunch. thanks for the info.
@teamdestinyph
@teamdestinyph 3 жыл бұрын
go grid tie first so it doesn't matter if your solar is small when you start. You can just add more panel and inverters later.
@SEBTECHDIY
@SEBTECHDIY 3 жыл бұрын
Very informative video Will, really like that solar/mining mix.
@msjogren
@msjogren 3 жыл бұрын
I just experimented with my laptop GPU and I am getting about $1.8 per day. I thought, "I wonder what Will's been up to lately." Lo and behold, you are kicking it down in this space. Been watching you since the SF days in the camper. Never a wrong move yet. You should do media interviews. You would blow the public's mind now.
@benjaminchute1602
@benjaminchute1602 3 жыл бұрын
This is exactly why I’ve watched you from the beginning. Smart man!
@ThomasMiata
@ThomasMiata 3 жыл бұрын
Very. Cool! I actually just built a grid tie inverter/used panel/bitcoin mining setup because of some of the things I have seen on your channel! Thanks for the awesome content!
@AmericaTheGreat-1776
@AmericaTheGreat-1776 3 жыл бұрын
Dumb question, if you got a big enough solar power setup and enough miners, and invested a ton of money, could it be enough to be the only income? Or is their much risk associated with this? I’m super ignorant on this so pardon my ignorance.
@larryperry2094
@larryperry2094 2 жыл бұрын
You da man Homer!! Love your videos Will. You are a great wealth of knowledge.
@berthaduniverse
@berthaduniverse 3 жыл бұрын
I'm a bit skepical, I know servers are vacuums for current, and it adds up FAST (especially at night). I'd love to see an actual spreadsheet covering everyting (solar panels, inverters, batteries, cablng, computers, AC's, etc.) you have purchased, all your utility needs/costs, the amount you actually earn/day/mo/yr, how much time you spend on it/day, and a comparison of actual income vs costs. The video is kind of all over the place, with no running totals, and a lot of it sounds like "justification" (like how much do you actually spend in a year on heating in a newish house in LV?). Have you gone electric for water heating and induction for cooking? There's a lot missing from the "Free Money" part.
@jstaffordii
@jstaffordii 3 жыл бұрын
It takes quite a while to earn back the expense of all the equipment. Roughly $50k. 4.5 years to break even excluding maintenance and equipment replacements by his ROI figures. Plus have you watched BTC in the past year it has lost $10250 in coin value fluctuations from $50000-$40000 per coin all year. If invested in standard indexed ETFs at 4.5 years he'd be sitting on ~$19500-$25000 in profit + the original $50000 invested .
@Yodaandhislightsabre
@Yodaandhislightsabre 3 жыл бұрын
So why don't you make such a spreadsheet? Relying on others is the lazy persons method. You'd learn a lot, too.
@berthaduniverse
@berthaduniverse 3 жыл бұрын
@@Yodaandhislightsabre From your comment, I'm sure you missed it, I'm not making the claims. I don't have his systems. If I was, I would... And just so ya know, that's kinda how "proof" works, not relying on others to do your work for you.
@-whackd
@-whackd 3 жыл бұрын
If you have 50k to spend and you're banking on the appreciation of btc, buying btc is probably better.
@riftgod6169
@riftgod6169 3 жыл бұрын
Good Crypto mining's got you hooked, I'm excited to see more videos like this
@webluke
@webluke 3 жыл бұрын
I installed one of those 115V/20A Minisplit systems, but it was branded Cooper&Hunter and exactly the same units, I did have to vacuum the line set but now I own the pump and gages. The most difficult part was crawling under my house to run power. Now my office is nice and cool and even warmed it up this morning. I would like to add a solar system to run my network, Starlink, and computers with some mining in the future, but I will probably wait till I get my shop power finished.
@eternityseven6200
@eternityseven6200 3 жыл бұрын
Great video. Funny seeing all the replies on replies on all the comments Will chose to respond to.. Only to have everyone jumping for attention and dumping their comments in someone elses communication since it had a response from Will already. Clout chasers... Keep doing you Will, thanks for sharing. No spread sheets or proof your financial dealing is obviously not required to be appreciated 100%
@kirkbrown432
@kirkbrown432 3 жыл бұрын
I didn't even know that you were in on the mining but glad to hear that you've taken it on. I learn so much about solar from your videos still in the process of bringing my set up to completion. I got 4x345watt panels 3kw iconica inverter and 6x12v 100ah batteries, and still not enough to run my pc day and night mining with the Radeon vii. So more panels and another charge controller might be needed. Also I am in England the sun light can seem like a gift from the gods at times. Been thinking to make a complete new system to be the back up and fool the inverter to thinking that it's the grid power
@johnbarrett5229
@johnbarrett5229 3 жыл бұрын
ETH and ADA and DOT are DEFINITELY NOT GARBAGE young man. That Bitcoin maximalist attitude discredits a lot of what you are teaching people. ETH, ADA, DOT and about 20 others are COMPUTER TECHNOLOGIES. They are NOT "digital money" or "investment tokens". They each serve as an integral part of their own tech in a very similar way to how BTC is an integral part of Bitcoin. Great video young man with the exception of these corrections I've provided for your viewers. : )
@heirloomhamlet
@heirloomhamlet 3 жыл бұрын
Haha, well said. I made a similar comment and he took my comment down. Will knows his solar, but struggles with ego mania. Been leaving his lane more and more. That rant was ignorant and calls credibility into question. What else is not accurate?
@H3eisenberg
@H3eisenberg 3 жыл бұрын
Will, my friend I have been watching your videos for a while now and have found them very informative. For the life of me I can't see you homeless or without support from your family or friends? I see you as a very intelligent person and very educated in your field. I would have taken you in just for your good soul? For what ever reason I am not here to judge just wanted to comment that I believe in you and I know you do too. As a side note: MNSTRS could relly pop off
@stinkyvonfishstix4196
@stinkyvonfishstix4196 3 жыл бұрын
No challenge needed, great work brother!
@dr_serious
@dr_serious 3 жыл бұрын
the last 4 min gave me goosebumps, ty fellow maxi
@driil
@driil 3 жыл бұрын
hell ye
@mikemotorbike4283
@mikemotorbike4283 3 жыл бұрын
Will, I'd vent that miner through a little hole in the wall, then allow a little fan to blow the cooled room air out over it. That takes away the bulk of heat load so the mini split doesn't have to work so hard. You also have to make a hole to let air in to balance pressure. That gives you some fresh air.
@SmallVansBigWorld
@SmallVansBigWorld 3 жыл бұрын
That's what I thought too but hes in vegas, is hot there. However natural cooling will work great in other climates.
@mrcooleh
@mrcooleh 3 жыл бұрын
There are moments in life, when people open your eyes. I'm living in a offgrid cabin, the middle of nowhere, with excess energy in the summer. You are a hero, and thank you so much for sharing your knowledge and wisdom.
@surferdudemi
@surferdudemi 3 жыл бұрын
You still need a good internet connection to do this! If you have a slow connection or high latency, it won't work very well.
@GyroplaneJake
@GyroplaneJake 3 жыл бұрын
@@surferdudemi That's why you need a StarLink from Elon Musk.
@alans9099
@alans9099 3 жыл бұрын
@@surferdudemi not true... mining does not require good latency... just a good connection and a few mb/sec internet is sufficient.
@surferdudemi
@surferdudemi 3 жыл бұрын
@@alans9099 yeah, it does. Otherwise the solution packets arrive late and you get a high percentage of stale values. Remember that speed is a crucial factor in mining blocks.
@Moes_Prep_and_Tech
@Moes_Prep_and_Tech 3 жыл бұрын
This is One of the Best Videos I've seen you do, keep up the good work
@teotwawki_je
@teotwawki_je 3 жыл бұрын
A few years ago, after doing the maths many times, I ordered the leading edge Ant-miner which arrived just in time for early winter. After 5 months of keeping my flat warm, it had paid for itself & made £130 profit. I only have grid power which costs about 15p/kWh here but I would have paid the same for the 800W in an electric heater. It's earnings rate is now well surpassed so I only power it on during cold spells when it costs more to run than it earns, but is still net cheaper than running an electric heater. I built a large wooden enclosure for it, designed to reduce the noise & direct the warm air flow. If doing it again, I'd design the enclosure differently - it worked quite well, but the noise pattern wasn't what I expected. And I'd use GPUs so I could sell them & buy new every other year.
@michaelclark5796
@michaelclark5796 3 жыл бұрын
I was thinking the same thing. Just use it in the winter when you need heat
@HR-rt9nh
@HR-rt9nh 3 жыл бұрын
LOL that warm Air contains tons of offgas from the electronics... you may want to go to the doctor and get checked out...
@pieterVTX
@pieterVTX 3 жыл бұрын
@@HR-rt9nh what a load of crap lol
@HR-rt9nh
@HR-rt9nh 3 жыл бұрын
LOL look it up
@Jeff-0621
@Jeff-0621 3 жыл бұрын
Will thanks always for your videos. Unfortunately, I agree with 99% of the video. 1% is for me not doing it sooner. Winter is coming, and the added bonus of having heaters sounds really good.
@iviaverick52
@iviaverick52 3 жыл бұрын
curious how gpu mining profitability is going to be affected when ETH switches to proof of stake next year.
@hairymcbogan5188
@hairymcbogan5188 3 жыл бұрын
It's going to dump almost to nothing. None of the other GPU minable coins have the use cases of Eth and millions of cards will be trying to mine them at once.
@WillProwse
@WillProwse 3 жыл бұрын
I'll just mine something else or use the cards for gaming. And eth keeps saying it's next year. Every year
@PSYxTV
@PSYxTV 3 жыл бұрын
@@WillProwse Thoughts on mining for ravencoin?
@joevasquez1776
@joevasquez1776 3 жыл бұрын
Remember that guy waiting for extradition who died in custody. He was being charged in America for being suspect of having a large crypto wallet and the American government wanted their cut.
@traderbrunoribeiro3109
@traderbrunoribeiro3109 3 жыл бұрын
Will, can I suggest a video for you? I would like you to talk about the popularity of NFT games, it really has a future, evaluate these Blockmonsters that talk so much, please
@driil
@driil 3 жыл бұрын
happy to hear more people are mining and running nodes!
@canalda365
@canalda365 3 жыл бұрын
I believe the mix of growing is more complex than that. Bit thanks to bring us such a good theme. Who liked the video as me like a lot here. Join here. Also. Could you make for us a video about Block Monsters the best NFT game? Of 2021?
@Casey-dj1xz
@Casey-dj1xz 3 жыл бұрын
Been waiting a loooong time for this video!!!
@Centexgem
@Centexgem 3 жыл бұрын
You should hold Bitcoin through a self directed ROTH. No further taxation. Mining should go in an LLC; allowing write-offs of equip.
@driil
@driil 3 жыл бұрын
Seems like he is doing self custody and against KYC. Taxes not an issue
@ivanbuckingham2302
@ivanbuckingham2302 3 жыл бұрын
I always enjoy your videos but this one is by far the most exciting . Thanks Will I'm looking forward to your future videos
@gabrielcabelo9794
@gabrielcabelo9794 3 жыл бұрын
WOAH! Man these mining things are INSANE! But what you think about NFTS stuff and a new project Block Monsters? What about make a video about them? Would be a nice touch! Im not an influencer at all but i think it will be nice to your channel! Im waiting for the content brooo! see ya
@economywatch
@economywatch 3 жыл бұрын
All the videos you post are super on point and your great at explaining everything. Thanks bro
@danh2716
@danh2716 3 жыл бұрын
I know very little about bitcoin, so this is a straight up question without opinion. Doesn't bitcoin get "more difficult" to mine as time goes on? How does that factor in to these ROI calculations that are being looked at over multiple years?
@WillProwse
@WillProwse 3 жыл бұрын
Yes it can. And how much you make varies. There is absolute risk to mining or holding any crypto. If everyone dumped Bitcoin today, you wouldn't make anything. But I don't think that will happen. I think btc has a lot of utility and the price will go up in due time.
@danh2716
@danh2716 3 жыл бұрын
@@WillProwse Understood, but assuming a person just takes the historical average increase in value (a grand assumption with bitcoin's volatile valuations) per year, would someone expect the returns to diminish over time, as mining bitcoin becomes more processor intensive? Or would the expectation be that the per-coin value appreciates faster, such that the fewer coins mined in the future would still be worth more when priced in dollars? In other words, assuming bitcoins appreciate at the historical rate, would you expect to make the same, more, or less (in real dollars) in years 2, 3 & 4 with a rig you built/capitalized today?
@1theonlychampion
@1theonlychampion 3 жыл бұрын
@@danh2716 don't miners get some of their profits from transaction fees not just the new bitcoins created each block? More adoption of Bitcoin would mean more transaction fees so more money for miners?? I've no idea if that's correct haha
@Merlin1234-t2d
@Merlin1234-t2d 3 жыл бұрын
The difficulty is not necessarily tied to time. It inrceases linearly the more miners are mining that coin. So the more people are mining the less profitable it becomes for each of them, which can lead to some of them mining a different coin. The system kinda self regulates.
@danh2716
@danh2716 3 жыл бұрын
@@Merlin1234-t2d OK, so then how does one model that to estimate their future returns years down the road, so they can model the net present value of the operation? What does that model look like?
@magoo550
@magoo550 3 жыл бұрын
Been thinking you needed to get into crypto mining for a while..... you already were haha , 😄 legend , I really appreciate your vids mate , I'm building an off grid system to run some rigs atm , your videos are essential, much love 😀
@thingswithlloyd4581
@thingswithlloyd4581 2 жыл бұрын
how'd you go
@AutisticMorty
@AutisticMorty 3 жыл бұрын
Re: "why doesn't everyone do it?" Not enough GPU cards or ASIC Miners to go around. Gamers already can't find graphics cards. Vehicle makers are facing chip shortage even. So unless chip manufacturers increase production, there's just not enough supply. The solar is the easiest part of the equation.
@venustianotorres1967
@venustianotorres1967 3 жыл бұрын
quite right
@edc1569
@edc1569 3 жыл бұрын
It’s a Zero sum game tho?
@LasseMalmgren
@LasseMalmgren 3 жыл бұрын
Thanks, great video! The only thing i dislike about crypto is actually the anonymity because it's exploited by criminals to have a shadow economy based on human traffiking, drugs, weapon sales, money laundering, criminal presidents (like Putin) skimming state funds into own pockets etc. etc. List just goes on and on! If you're a regular guy/gal that go to work, pay your taxes and generally is a decent person, then i don't see the need for anonymity. I do like a system that challenges the current bank systems and i do like that regular people can do their own mining. Keep doing your videos, i love them :)
@WillProwse
@WillProwse 3 жыл бұрын
Could we state the same argument for American dollars? It's used for human trafficking, drugs etc. And it's exploited by criminals daily as well.
@LasseMalmgren
@LasseMalmgren 3 жыл бұрын
@@WillProwse Yes, that can be said about any currency. But the huge difference is that with regular currencies you can follow the money and bring down the criminal (unless you're Putin and rules armies). Cash currency is dying - at least here in Europe. In part because the different mobile and electronic payments are convenient but also because governments want the traceability to fight crime and collect tax. I know, i also hate taxes but i at the same time also recognize that it's needed to run a country. But beside all that i'm totally looking into mining btc after watching your video :D
@Yaya400yaya
@Yaya400yaya 3 жыл бұрын
I would love a walk through on the off grid solar powering your GPU mining grid. Being in California TOU is killing me but I do have solar now. I’d prefer to just have my rig be off grid and power separate. I have a smaller set up only powering 6 580 8G on a 1k power supply. Any videos on that would be helpful!
@phamtastic72
@phamtastic72 3 жыл бұрын
I'm in the same boat and my electric bill is killing me for running 3000 kwh to get 1.3G hashrate. My bill is over $1,000 per month and need to install Solar
@xeridea
@xeridea 3 жыл бұрын
You can put the miners on a schedule so they don't mine during TOU. Solar helps a lot though since it makes it's power during peak times. There is still the evening hours to consider though.
@danielmackenzie680
@danielmackenzie680 3 жыл бұрын
Great video. I had forgotten to like until you mentioned that we should message you with the issues with we have with your opinions. I love that attitude. My only issue is that you don't discuss what the possibility of failure. These are huge investments in technology and these things fail. Equipment fails, laws change and energy prices change. I'm still super tempted to start with used panels, used Lead acid batteries and my 3070 gaming computer.
@HevnKakey
@HevnKakey 3 жыл бұрын
The cost of bitcoin will always trend, mainly in this part of the year, now I prefer play a game and earn with this like in block monsters.
@stedavid13
@stedavid13 3 жыл бұрын
I was thinking just yesterday about messaging you about this. Awesome!
@joeharter7498
@joeharter7498 3 жыл бұрын
Looking at Washington state. I see it has one of the lowest electric rates and mild temperatures year round, at least in the coastal areas but it suffers in annual sunshine. Again I've only stayed & worked in coastal areas. I bought my sailboat in Port Angeles & lived aboard off & on for a couple months. Constant rain & grey sky's was really starting to take it's toll on my mental health.
@paulbolwell3123
@paulbolwell3123 3 жыл бұрын
Just posting because you asked at the end, I like how you own your opinions and although I disagree with many of your bitcoin statements who cares, you own it and I respect that. I believe in IOTA due to the fact it removes all the fundamental flaws of a 2 dimensional blockchain, fees and scalability, and I support it and glad your view is the same. I would of liked you to educate the people who don't know about mining that as difficulty increases on mining difficulty your miner will reduce in value output also, however as trends over time show the value of the coin/s has increased to combat this.
@jserenity
@jserenity 3 жыл бұрын
This is the reason why gpu is still sky rocketing high
@WillProwse
@WillProwse 3 жыл бұрын
Yes absolutely
@ES-mq9ox
@ES-mq9ox 3 жыл бұрын
Hello Will from a lifelong (60+ yrs) WA state (coastal WA) resident. It's a great state in many regards but a whole lot of people can't handle the weather, especially in the winter when we can go for weeks at a time without ever seeing a sunny day. My particual area averages about 50-70 inches of rain (w/ peaks over 100 inches) per year, so you may very well develop webbed feet if you stay around here long enough - lol. Will be looking forward to seeing your videos after you get here.
@WillProwse
@WillProwse 3 жыл бұрын
Yeah I wouldn't live there haha I was homeless there for a few weeks and left. That weather is awful. I'm just buying a house for mining. I won't be in it
@WillProwse
@WillProwse 3 жыл бұрын
I can't do solar there haha
@SawmillerSmith
@SawmillerSmith 3 жыл бұрын
I bought the same mini split from Amazon a few months ago. Simple to install. I didn't lay my coil down.
@michaelbouckley4455
@michaelbouckley4455 3 жыл бұрын
David Pos did a video recently, installing mini split, on solar. He had a tool to flare the cut to size, ends of the pipes. Dealt with all the tricky stuff, drying and pressurising.
@SawmillerSmith
@SawmillerSmith 3 жыл бұрын
@@michaelbouckley4455 I didn't have to do none of those things. Just hook the lines and turn the shut-off valves on. Hook the 110 up and turn it on.
@john1182
@john1182 3 жыл бұрын
on your mining rigs dont forget to undervolt/underclock the GPU and overclock the RAM - my 3080 mining uses around 200 watts and was making $11 AUS when i was mining a few months ago
@thingswithlloyd4581
@thingswithlloyd4581 2 жыл бұрын
My 3070Ti runs around 190w but only makes $2.20 a day ,your $11 seems a lot Nicehash does it all so nicely and easily..... but the rates are not so great now though unfortunately since POS... I dropped from $20AUD/day to $2:20 but this weekend it's starting to make more in payouts finally. I went from $0.00065000 BTC a day to currently $0.00013500
@john1182
@john1182 2 жыл бұрын
@@thingswithlloyd4581 when everything was at a peak 12 months ago or so
@thingswithlloyd4581
@thingswithlloyd4581 2 жыл бұрын
@@john1182 oh probably around the spike in BTC I'm guessing... Nice. Mine was yielding the most BTC right up until the POS I really don't like my 3070 though and I'd much rather have 3x 1660Ti, same power consumption but more Mh
@john1182
@john1182 2 жыл бұрын
@@thingswithlloyd4581 my brothers 3090 was killing it with the mining, lowered the gpu and oc the heck out of the ram, turned out it was all about the ram throughput that made the differance, he also had front and rear water blocks
@rklauco
@rklauco 3 жыл бұрын
Love the video. Thanks for sharing. The idea of spending the money outside the country is, well... Nice :)
@samdorchester2524
@samdorchester2524 3 жыл бұрын
I have one rig using solar power from my rv. Works great except I live in Wisconsin and the sun doesn’t stay that high in the fall. There is three 385 watt solar panels and 4 one hundred amp hour batteries on my rv which will run the 350 watt rig 24/7 if the days are sunny. Not making a Fortune but having fun with this new endeavor. Getting cards is the most difficult and they are very expensive.
@stephenmayers4033
@stephenmayers4033 3 жыл бұрын
Will, I was totally lost on this video but that's because I'm in UK and my system is totally off grid with only 1200w panels. Saying all that it was interesting and it's also really good to know how far you have come from those early days . My best to you all the way from this desperate place called UK.
@DIYwithBatteries
@DIYwithBatteries 3 жыл бұрын
The cooling systems are really looks pretty cool bro... 😊👍
@kswis
@kswis 3 жыл бұрын
I personally dig it Will. That's awesome. However I hope the tube doesn't demonize over opinions. They sure have been... but again, I agree with almost everything you said in this video.
@OutdoorsAmplified
@OutdoorsAmplified 3 жыл бұрын
This video might have changed the trajectory of my life significantly.
@lejac4916
@lejac4916 3 жыл бұрын
If you're thinking about efficiency, wouldn't it be advised to skip the GPU rig entirely and get another ASIC? Aren't those significantly more efficient, or am I missing something? (resale value perhaps?)
@WillProwse
@WillProwse 3 жыл бұрын
The new cards are very efficient. And typically you mine something else that's not btc, then convert to btc. Which can make GPU mining indirectly for btc more effective
@WillProwse
@WillProwse 3 жыл бұрын
Using nice hash does it automatically. It's really nice. You might make a few cents more mining btc direct like the asic, but it's not that big of a difference.
@thingswithlloyd4581
@thingswithlloyd4581 2 жыл бұрын
@@WillProwse Nicehash goes well, my favorite part is how easy it is to drawdown your crypto from their site it really is a nice platform....did you get the 6600?
@bagelbandit6076
@bagelbandit6076 3 жыл бұрын
When’s your next video coming up? I’m excited to see your gpu rig.
@neeld.5522
@neeld.5522 3 жыл бұрын
All gamers will hate you now since GPU mining is contributing to the shortage.
@WillProwse
@WillProwse 3 жыл бұрын
Yep ahh well
@SauloMalafaia
@SauloMalafaia 3 жыл бұрын
thanks for this video, i've been working for some time to build my solar system and add my machines, congratulations for the video. 👍🏻
@ArizonaHighDesertHomestead
@ArizonaHighDesertHomestead 3 жыл бұрын
Wow awesome stuff. Hopefully sometime I can set something like that up in the future here on my homestead
@PhysicsViolator
@PhysicsViolator 3 жыл бұрын
A traditional asic mining machine starts by pulling 1500w or more , for that you need like 4-5 gigantic 300w solar panels alone *and* you can’t run it at night , so your only option is to rely on daylight and it’s gonna be horrible in the winter.
@DavidJohnNagy
@DavidJohnNagy 3 жыл бұрын
Will, by the time that Miner pays itself off the complexity will be so high that it will be underpowered. Are you what Pool are you using?
@deshaunjackson8188
@deshaunjackson8188 3 жыл бұрын
I think he will probably break even, especially when you consider the supply chain issues that are going on. But yeah GPU's are always getting better
@-whackd
@-whackd 3 жыл бұрын
Yes, this is the problem with not being a large scale miner who buys the brand new equipment directly from China. But only for btc, there are other profitable crypto to mine with GPUs
@geemogul2149
@geemogul2149 2 жыл бұрын
a bit miss leading about gpu mining...gpu mining can be a pain in the ass if you do not know anything about building computers. Also there is a learning curve with respect to installing, configuring mining software, and mining with pools. In short GPU mining isn't rocket science but it is much more difficult than he makes it seem...be thankful for the gpu mining videos...watch several of them if your new to mining. this was a decent tiktok style vid
@hundlos1
@hundlos1 3 жыл бұрын
You mentioned 600w for the two cards. Did you optimize the settings on Power Draw for those 3060/70/80 ? Because as far as i know you get them down to 150w each instead of 220+
@WillProwse
@WillProwse 3 жыл бұрын
No way! I will look into that now. I am doing max consumption because I have a lot of power available. I should lower them.
@hundlos1
@hundlos1 3 жыл бұрын
@@WillProwse with the right settings you can get More hashrate with less Power. Lower Core clock/ raise Mem clock ( Mem Temp is Key) / Power Limit to Like 80% or so.
@Snowman380
@Snowman380 3 жыл бұрын
@@WillProwse 3070 is more efficient then 2x 6600xt at the wall. software doesnt show proper watts for 6600xt
@Iseestupidpeople122
@Iseestupidpeople122 3 жыл бұрын
Yeah there are card down to 55w and newer cards at 75w with just a bit of tweaking.
@robbie31580
@robbie31580 3 жыл бұрын
@@WillProwse if those are 3060ti’s then you can get them down to 130w and a regular non lhr 3060 you can get down to 100w
@bbd2003
@bbd2003 3 жыл бұрын
Great video...need more like this. Have several asic miners here in vegas and looking for a way to solve the energy problem with alternatives (solar,wind,generators, etc)
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