I suggest moving this topic to the Mining[1] section, your topic is probably going to get more replies and attention there.

The move topic option is on the lower left side of this page.

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[1] https://bitcointalk.org/index.php?board=14.0

Do not worry, by the time you could get anything up and running, the price of energy will have gone way up again.

BitCoin mining will become even less attractive as the price of BitCoin falls...

Expecting these low energy prices to stay low, and BitCoin prices to stay high is a good way to lose a lot of money  

Hard Facts

Have you considered other operational costs such as cooling solutions, maintenance, security, staff and rent? If you have no idea about those, i'd suggest you to look for partner to fill missing knowledge/experience (which already mentioned by other user).

I replied to a similar thread last year, and it's an idea I've also thought was not tapped into. It's the cheapest power I know of (natural gas), which is very cheap where I come from because of its abundance. It's in fact got a lot more demand to tap into, so much we have to burn the majority of it where I come from, and because we don't have gas pipes we can only store it in tanks.

The only problem here for you I foresee is not the cost, but the output. The most powerful generators still don't stand up to diesel so you'd need a LOT of them running 24/7. Do you have the capacity to provide that demand for farms?

Otherwise I suspect you can't sell it commercially, probably only to mine on your own.

It would have been better if you make this post on mining thread. I am very sure many miners will be able to help you more. As regard to your question, Firstly I am very curious to know how sustainable the fossil fuel you are using will be. If you are very sure you can continue to get this fuel which is combusted to generate electricity for your mining farm then I think you are good to go. I do not know the country you are from but I hope you know many countries have law as regard to environmental policy. You need to make sure the atmospheric discharge from your mining farm fall within the required amount in order not to be sanctioned.

 Are you familiar with the fact that in New York government has been trying to make sure people install the solar panels and apparently you do get   some refund on that part and save up some in Tax and I do think you should go for the solar power .
But unfortunately the thing is mining does require awful lot of energy and therefore you would need a lot of them plus at the same time there is the wait where you have to let them recharge for a while.
I would suggest you to use both electricity or Natural Gas and solar power at the moment and then slowly switch to the solar one , it will take time ofcourse but I do think it would be easier for you .
Plus I do thing it would be great that you might be thinking about the environment and at the same time saving money too , if you go like that .
Take care.

Mining would be one of the most profitable business only if you could save electricity cost. At least for my country electricity bill is quite high and that's the reason we aren't able to start mining business. Since you (OP) are claiming that you have solution for low electricity cost then you may implement a plan for that. And if you succeed on that plan then you may show and explain us (publicly) how its profitable. Likely then more people will involved with mining if they think its profitable.

I think main fact is electricity, if you could buy mining equipment with reliable prices then others problems including cooling would solved by lower cost electricity bills. Of course who have ability to produce low cost electricity then most likely he is well experienced.

yup, agree, if you have fair way to get to very cheap power there is only one way. mining
why? because you will have edge on all other miners, that pays for electricity more
simple as that, try to get ahead in other areas too, money cost per hash etc.

Thanks for all the great comments! I have posted this over in the mining section with a bit more info. Just a little more here. I'm not new to mining, have had a very small mining farm for about four years. GPU's for ETH, migrated to ASIC, BTH. Just shut down the last of the S9's.

Been in the oil and gas business for about forty years, small business owner, engineer, professional, jack of all trades.

Looked very hard two years ago at mining with natural gas generators. ROI looked great. Oil and gas business was going great, my gas service company also going great. Did not have time to devote to developing this idea.

Fast forward two years, things are slow with my gas service company. Things for the gas and oil companies I work for are not going well. Time to dust off the plans grow the mining business.

Thanks again for all the comments, many of them are very helpful! I will continue this topic over in the mining section.

That was a huge opportunity to make a lot of advantage of having a low cost of electricity and one of the best things I highly recommended for you is to mine bitcoin because it is a huge profit by mining a lot of bitcoin and you do not do anything at the same time you have a short payment only to your electricity. Also in mining, you can get a lot of profit because you do not need to work hard and do anything on your computer and you only need to do is open your computer to mine a lot of coins 24/7 but also you need to have a good computer that can make huge mining for this kind of activities. On this forum we have the mining section which you can learn and explore more about the mining industry of the coins. But today the halving some of the people stop because the half of the block they only get also there are some miners stops for a while because of the pandemic outbreak they have a huge crisis about the electricity and also they cannot mine all the time some of the work stations are temporary close because they don't want to risk their lives about this outbreak.


With the help of the internet browsers, internet, and this forum you can find a lot of knowledge, skills that can adapt and concepts to make you more creative and productive every time the only thing you need now is having the motivation and will to do some things that many people and your self will benefits.