Solar Panel Bitcoin Mining Reddit

Bitcoin mining is forcing me to go solar power.

Solar panel bitcoin mining reddit.

This is the same business plan as hodling. As the majority of the equipment was paid for with mined bitcoin and by selling off obsolete mining equipment the initial outlay wasn t too painful. We will be reviewing hydro turbines and solar panels for bitcoin crypto mining farms and if it is profitable to mine crypto with renewable green energy. The s3 is effectively obsolete but off setting it s power consumption by using the free solar electricity artificially increases it s efficiency.

Op s mining business plan relies on bitcoin being priced at at least 2000 and increasing in value over time. Not only does my house get heated but i cut the mining cost by 75. In case of asic mining the miners are worthless if both bitcoin price tanks or there is a breakthrough in mining that makes the old miners obsolete. Bitcoin mining is forcing me to go solar power.

I just installed solar panels to run my miners during the day. Subscribe for more how much http shorturl at arbhl so many subscribers asked me about solar so here you go fully solar mining rig off the grid with int. It s not just the cheapest form of energy but i get rid of the grid transfer cost and tax 75. I just installed solar panels to run my miners during the day.

Bitcoins are issued and managed without any central authority whatsoever. The antminer cost me about 100 used not 500. Less risky and more profitable than selling to the grid the energy used to mine bitcoin has long caused debate over whether it s a wasteful process. Gpu mining is less risky since gpus are more universal.

If bitcoin goes to the moon the profit will be better with buying than mining though. Consequently some miners are now using solar energy to run their operations. You might be interested in bitcoin if you like cryptography distributed peer to peer systems or economics. Voskcoin reddit https www reddit.

There is no government company or bank in charge of bitcoin. Bitcoin is a distributed worldwide decentralized digital money.