دانشگاه سمنان

 آمار

تعداد نشریات21
تعداد شماره‌ها660
تعداد مقالات9,672
تعداد مشاهده مقاله68,811,211
تعداد دریافت فایل اصل مقاله48,333,594
Amiri, Hamidreza. (1404). Economic Feasibility of Using Distributed Generation Resources Independently to Supply Energy for Cryptocurrency Miners. نشریه هنرهای کاربردی, 5(1), 27-32. doi: 10.22075/mseee.2025.37624.1210
Hamidreza Amiri. "Economic Feasibility of Using Distributed Generation Resources Independently to Supply Energy for Cryptocurrency Miners". نشریه هنرهای کاربردی, 5, 1, 1404, 27-32. doi: 10.22075/mseee.2025.37624.1210
Amiri, Hamidreza. (1404). 'Economic Feasibility of Using Distributed Generation Resources Independently to Supply Energy for Cryptocurrency Miners', نشریه هنرهای کاربردی, 5(1), pp. 27-32. doi: 10.22075/mseee.2025.37624.1210
Amiri, Hamidreza. Economic Feasibility of Using Distributed Generation Resources Independently to Supply Energy for Cryptocurrency Miners. نشریه هنرهای کاربردی, 1404; 5(1): 27-32. doi: 10.22075/mseee.2025.37624.1210

Economic Feasibility of Using Distributed Generation Resources Independently to Supply Energy for Cryptocurrency Miners

Modeling and Simulation in Electrical and Electronics Engineering
دوره 5، شماره 1 - شماره پیاپی 19، خرداد 2025، صفحه 27-32    اصل مقاله (450.3 K)
نوع مقاله: Research Paper
شناسه دیجیتال (DOI): 10.22075/mseee.2025.37624.1210
نویسنده
Hamidreza Amiri*
Electrical Power Distribution Company of Sari, Mazandaran, Iran.
تاریخ دریافت: 12 اردیبهشت 1404،  تاریخ بازنگری: 25 مرداد 1404،  تاریخ پذیرش: 02 مهر 1404 
چکیده
In this study, a behavioral analysis was conducted on Distributed Generation (DG) systems to study the feasibility of using them independently and off-grid, to supply energy for cryptocurrency miners by considering economic and technical factors. After conducting a behavioral analysis on Antminer S19 Pro, the results obtained from the performed projects will be used to confirm their technical feasibility. Then, using a small-scale miner farm, MATLAB software will be utilized to prove that although using some DG solutions, such as solar, wind, and diesel, is technically feasible, their costrevenue performance renders them economically unviable. Additionally, this research proves that the interest of companies in utilizing off-grid DGs to provide electricity for cryptocurrency miners is minimal. The simulations applied in this study incorporated cost-revenue modeling, performance degradation factors for PV, diesel generators, and wind systems, and stochastic load profiles for miners to validate the technoeconomic results. These simulations provided quarterly profitability forecasts for each DG configuration.
کلیدواژه‌ها
Cryptocurrency؛ Distributed Generation (DG)؛ Economic Feasibility؛ Miner؛ Technical Feasibility
مراجع
  1. Beken, N. Kurt, and O. Eyecioglu, "Estimating the Effect of Renewable Energy Policies on the Republic of Turkey's Gross National Product by using Artificial Intelligence," 2022 11th International Conference on Renewable Energy Research and Application (ICRERA), Istanbul, Turkey, 2022, pp. 606-610.
  2. Pasangkunan, Yusran, and F. Mayasari, "Techno-Economic Analysis of Hybrid Power Generation System for Off-Grid Electricity System at Karanrang Island," 2024 4th International Conference on Electronic and Electrical Engineering and Intelligent System (ICE3IS), Yogyakarta, Indonesia, 2024, pp. 93-98.
  3. E. E. Ahmed and G. Poyrazoglu, "Optimizing Distributed Generation Sizing and Siting using Particle Swarm Optimization: A Comparative Study," 2023 IEEE International Conference on Environment and Electrical Engineering and 2023 IEEE Industrial and Commercial Power Systems Europe (EEEIC / I&CPS Europe), Madrid, Spain, 2023, pp. 1-5.
  4. Fernandes, V. Patil, M. Manyar, B. Patil, and N. Joshi, "Analysis of Hybrid Distributed Generation System Using HOMER," 2024 Second International Conference on Smart Technologies for Power and Renewable Energy (SPECon), Ernakulam, India, 2024, pp. 1-5.
  5. Liu et al., "Bitcoin Mining Recognition Based on Community Detection with Electricity Consumption Data," 2021 IEEE 5th Conference on Energy Internet and Energy System Integration (EI2), Taiyuan, China, 2021, pp. 3091-3096.
  6. Sajjad, Q. Zhang, F. Ciampi, F. Pascucci, and B. Gupta, "What Motivates Bitcoin Miners to Practice Bitcoin Mining: An Assessment Based on Behavioral Reasoning Theory," in IEEE Transactions on Engineering Management, vol. 71, pp. 8209-8222, 2024.
  7. B. Noshahr, M. Bagheri, and M. Kermani, "The Estimation of the Influence of Each Harmonic Component in Load Unbalance of Distribution Transformers in Harmonic Loading Condition," 2019 IEEE International Conference on Environment and Electrical Engineering and 2019 IEEE Industrial and Commercial Power Systems Europe (EEEIC / I&CPS Europe), 2019, pp. 1-6.
  8. Mehran Hajiaghapour-Moghimi, Ehsan Hajipour, Kamyar Azimi Hosseini, Mehdi Vakilian, Matti Lehtonen, Cryptocurrency mining as a novel virtual energy storage system in islanded and grid-connected microgrids, International Journal of Electrical Power & Energy Systems, Volume 158, 2024.
  9. Hojjat and M. H. Kalali, "Techno-economic analysis of a gridconnected hybrid PV power plant integrated with a crypto currency mining system," 2021 11th Smart Grid Conference (SGC), Tabriz, Iran, Islamic Republic of, 2021, pp. 1-6.
  10. Rorich, K. Moloi, T. F. Mazibuko, and D. J. Reddy, "Cryptocurrency Mining Powered by Solar Energy Using a DC-DC Connection with IoT
  1. Control," 2024 IEEE PES/IAS PowerAfrica, Johannesburg, South Africa, 2024, pp. 1-5.
  1. Miśkiewicz, Radosław, Krzysztof Matan, and Jakub Karnowski. 2022. "The Role of Crypto Trading in the Economy, Renewable Energy Consumption and Ecological Degradation" Energies 15, no. 10: 3805.
  2. Rezaei and M. A. Golkar, "Two-Stage Energy Management System of Microgrid in the Presence of Cryptocurrency Mining Farms," 2023 13th Smart Grid Conference (SGC), Tehran, Iran, Islamic Republic of, 2023, pp. 1-6.
  1.  
  2.  
  3.  
  1. -S. Es'haghi, E. Afjei, A. Marini, and M. Karimi, "Detection of Illegal Cryptocurrency Mining Farms in Distribution Systems Using Harmonic State Estimation," 2023 13th Smart Grid Conference (SGC), Tehran, Iran, Islamic Republic of, 2023, pp. 1-6.
  2. Shali Tayebi, Heresh Amini, The flip side of the coin: Exploring the environmental and health impacts of proof-of-work cryptocurrency mining, Environmental Research, Volume 252, Part 1, 2024.
  3. Rouhanian, M. Ghafari, G. B. Gharehpetian, R. Asaadi, M. Azimpour, and M. S. Naderi, "Supplying a Bitcoin Mining Farm by Maximum Utilization of Renewable Energy Sources in Microgrid," 2024 28th International Electrical Power Distribution Conference (EPDC), Zanjan, Iran, Islamic Republic of, 2024, pp. 1-7.
  4. https://coinmarketcap.com/currencies/bitcoin/
  5. Hrbac, V. Kolar, S. Kocman, L. Demel, L. Hrdina, and K. Slany, "Analysis of Power Flows in a Building With Non-Linear Loads and a Hybrid Photovoltaic Power Plant With Battery Storage," 2024 24th International Scientific Conference on Electric Power Engineering (EPE), Kouty nad Desnou, Czech Republic, 2024, pp. 1-5.
  6. Linca, I. Popa, C. V. Suru, and F. Ravigan, "Comparative Analysis of Performances of Photovoltaic Power Plants," 2023 International Conference on Electromechanical and Energy Systems (SIELMEN), Craiova, Romania, 2023, pp. 1-6.
  7. August Bruno, Paige Weber, Andrew J. Yates, Can Bitcoin mining increase renewable electricity capacity? Resource and Energy Economics, Volume 74, 2023.
  8. Liang et al., "Sustainable Energy-based Cryptocurrency Mining," 2022 IEEE PES Innovative Smart Grid Technologies - Asia (ISGT Asia), Singapore, Singapore, 2022, pp. 789-793.
  9. Eid, M. R. Islam, A. -A. Nahid, A. Z. Kouzani and M. A. Parvez Mahmud, "Improving Return on Investment for Photovoltaic Plants by Deploying Customized Load," 2020 IEEE International Conference on Applied Superconductivity and Electromagnetic Devices (ASEMD), Tianjin, China, 2020, pp. 1-2.
  10. https://www.amazon.com/Antminer-S19-pro-110th-
  1. Bitmain/dp/B08K7CVKDZ
  1. https://www.energysage.com/local-data/solar-panel-cost/
  2. https://www.solarchoice.net.au/solar-panels/solar-power-systemprices/
  3. https://www.solar.com/learn/solar-panel-cost/
  4. McDonald, Matthew & Hayibo, Koami Soulemane & Hafting, Finn & Pearce, Joshua. (2023). Economics of Open-Source Solar Photovoltaic Powered Cryptocurrency Mining. Ledger. 8. 10.5195/ledger.2023.278.
  5. Chen, M. Chen, Y. Liu, and L. Chen, "Analysing the Voltage Unbalance Impact of Wind Farm on Traction Power Supply System," 2019 14th IEEE Conference on Industrial Electronics and Applications (ICIEA), 2019, pp. 1557-1561.
  6. Sánchez-Aguiar, E. Álvarez Rodríguez, A. Santos Fuentefría, O. Rodriguez-Reyes and H. Luis Riccomi, "Analysis of Gibara 1 Wind
  1. Farm from 2015 to 2019," 2020 IEEE PES Transmission & Distribution Conference and Exhibition - Latin America (T&D LA), Montevideo, Uruguay, 2020, pp. 1-6.
  1. Alzgool and S. Ghannam, "Assessment of an Offshore Wind Farm Potential in the Gulf of Aqaba," 2022 International Engineering Conference on Electrical, Energy, and Artificial Intelligence (EICEEAI), Zarqa, Jordan, 2022, pp. 1-7.
  2. Carlos L. Bastian-Pinto, Felipe V. de S. Araujo, Luiz E. Brandão, Leonardo L. Gomes, Hedging renewable energy investments with Bitcoin mining, Renewable and Sustainable Energy Reviews, Volume 138,2021.
  3. Raúl Vega-Marcos, Antonio Colmenar-Santos, Francisco Mur-Pérez, Clara Pérez-Molina, Enrique Rosales-Asensio, Study on the economics of wind energy through cryptocurrency, Energy Reports, Volume 8, Supplement 15,2022, Pages 970-979.
  4. Yang, Y. Wen, S. Ye, Q. Guo and L. Zhao, "Data Analysis of Abnormal Harmonic of Offshore Wind Farm," 2023 IEEE 2nd International Conference on Electrical Engineering, Big Data and Algorithms (EEBDA), Changchun, China, 2023, pp. 307-312.
  5. Wang, L. Chen, H. Li, W. Chen, F. Jiang, and M. Chen, "Equivalent Wind Farm Model Considering Different Wind Speeds and Wake Effects," 2023 6th International Conference on Electrical Engineering and Green Energy (CEEGE), Grimstad, Norway, 2023, pp. 287-291.
  6. Ma, L. Qi, Y. Wang, S. Zhang, Y. Li and S. Jia, "Genetic Algorithm Based Whole Life Cycle Cost Prediction Model for Wind Farms," 2023
  1. IEEE 7th Conference on Energy Internet and Energy System Integration (EI2), Hangzhou, China, 2023, pp. 429-433.
  2.  
  3.  
  1. Zhang, X. Wu, Y. Li, Y. Wang, Y. Zhang, and Y. Li, "Levelized Cost of Energy Modeling of Wind Farms Based on Wind Turbine Reliability," 2023 IEEE 7th Conference on Energy Internet and Energy System Integration (EI2), Hangzhou, China, 2023, pp. 1721-1726.
  2. https://www.renewableenergyhub.co.uk/main/wind-turbines/howmuch-does-a-wind-turbine-cost
  3. Yang Li, Bo Feng, Bin Wang, Shuchao Sun, Joint planning of distributed generations and energy storage in active distribution networks: A Bi-Level programming approach, Energy, Volume 245, 2022.
  4. Oliveira et al., "Simulation Environment for UAV Offshore WindTurbine Inspection," OCEANS 2023 - Limerick, Limerick, Ireland, 2023, pp. 1-6.
  5. Hossein Shayeghi, Masoud Alilou, 3 - Distributed generation and microgrids, Editor(s): Ersan Kabalci, Hybrid Renewable Energy Systems and Microgrids, Academic Press, 2021, Pages 73-102.
  6. Qiu et al., "The Development of a Power System of the Combination of Diesel Generator and UPS," 2019 10th International Conference on Power Electronics and ECCE Asia (ICPE 2019 - ECCE Asia), Busan, Korea (South), 2019, pp. 2706-2709.
  7. Bragatto et al., "Emergency Generators for Supplying Islanded MV Networks," 2022 AEIT International Annual Conference (AEIT), Rome, Italy, 2022, pp. 1-6.
  8. C. Huynh, L. D. Ho, M. W. Dunnigan, and C. Barbalata, "Optimal Operation of a Microgrid by Planning Diesel Generators and Microturbines," 2023 International Conference on Signal Processing, Computation, Electronics, Power and Telecommunication
  1. (IConSCEPT), Karaikal, India, 2023, pp. 1-6.
  1. Shchasiana Arhun, Aleksandr Bogajevskiy, Andrii Hnatov, Nadezhda
  1. Kunicina, Improving the efficiency of frequency regulation for HighPower diesel generators, Energy Conversion and Management: X, Volume 24, 2024.
  1. https://target-generators.com/cost-of-industrial-diesel-generators
  2. Chhunheng Lao, Supachart Chungpaibulpatana, Techno-economic analysis of hybrid system for rural electrification in Cambodia, Energy Procedia, Volume 138,2017, Pages 524-529.
  3. https://www.eia.gov/petroleum
  4. Theophilus-Johnson, Kombo & Nwaorgu, Godspower & Tamunodukobipi, Daniel. (2020). Service Lifespan Cost Analysis of a Marine Auxiliary Generator Using Manufacturer's Manual.
آمار
تعداد مشاهده مقاله: 58
تعداد دریافت فایل اصل مقاله: 47


سامانه مدیریت نشریات علمی. قدرت گرفته از سیناوب