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Author: Admin | 2025-04-28
You are using an out of date browser. It may not display this or other websites correctly.You should upgrade or use an alternative browser. Bitcoin mining with solar panels #1 - May 15, 2017 at 4:38 PM Bitcoin mining with solar panels I recently got an idea to possibly invest into bitcoin mining farm with using solar panels to supply the energy to power the farm. Is it still worth it ? #2 - May 15, 2017 at 5:06 PM Bitcoin mining with solar panels Well probably not, it depends... buying solar panels to simply use for mining would be very expensive as solar panels aren't cheap. However, if you have solar panels already that aren't being fully used then possibly investing 1 or 2 miners for a few thousand dollars might pay off in the long run. Just be careful because you are competing with major companies when it comes to mining and that means the 'next' miner that comes out may put you out of business. To be 100% honest if you are simply trying to start mining with the goal to "profit" you would be making a safer bet to simply take the start-up money and buy "X" amount of bitcoin spread out every few weeks. (this method reduces chance of buying at peaks). #3 - May 15, 2017 at 6:36 PM #4 - May 16, 2017 at 12:08 PM Bitcoin mining with solar panels Even at 40% of its costs I assume you would still be paying quite a bit. Here is some info on solar panels,A typical solar panel produces about 200 watts of electricity based on the efficiency and size of what's installed. For example, if you have 25 panels installed, you may have an output of about 5 kilowatts (kW).Not sure what country you are in but here are some averages for the USA: "In 2017, most homeowners are paying between $2.87 and $3.85 per watt to install solar, and the average gross cost of solar panels before tax credits is $16,800." info via 2017 Average Cost of Solar Panels in the U.S. | EnergySageBasically, assuming you got 40% off of that the new price you pay is 10,080 dollars.Now here is where things get complicated. Solar panels don't PROMISE 100% output of power at all times meaning you would be able to run about 3 bitcoin miners. (They use about 1500 +/-
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