Solar Panel Bitcoin Mining Reddit

Gpu mining is less risky since gpus are more universal.

Solar panel bitcoin mining reddit.

Op is not purchasing solar panels just to run miners op has solar powered greenhouses and doesn t even need to mine bitcoin to make a profit with his solar system. For example reddit user cadese claims he is using solar panels to reduce costs significantly stating. The antminer cost me about 100 used not 500. Op s mining business plan relies on bitcoin being priced at at least 2000 and increasing in value over time.

I just installed solar panels to run my miners during the day. Voskcoin reddit https www reddit. Not only does my house get heated but i cut the mining cost by 75. The s3 is effectively obsolete but off setting it s power consumption by using the free solar electricity artificially increases it s efficiency.

If bitcoin goes to the moon the profit will be better with buying than mining though. It s not just the cheapest form of energy but i get rid of the grid transfer cost and tax 75. Bitcoin is a distributed worldwide decentralized digital money. Bitcoin mining is forcing me to go solar power.

You might be interested in bitcoin if you like cryptography distributed peer to peer systems or economics. 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. Bitcoins are issued and managed without any central authority whatsoever.

Bitcoin mining is forcing me to go solar power. There is no government company or bank in charge of bitcoin. Bitcoin mining with solar. Consequently some miners are now using solar energy to run their operations.

I just installed solar panels to run my miners during the day. 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.