Solar Panel Bitcoin Mining Reddit

Bitcoin is a distributed worldwide decentralized digital money.

Solar panel bitcoin mining reddit.

The s3 is effectively obsolete but off setting it s power consumption by using the free solar electricity artificially increases it s efficiency. Bitcoins are issued and managed without any central authority whatsoever. There is no government company or bank in charge of bitcoin. 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.

Consequently some miners are now using solar energy to run their operations. 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. 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. 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.

Voskcoin reddit https www reddit. You might be interested in bitcoin if you like cryptography distributed peer to peer systems or economics. Bitcoin mining is forcing me to go solar power. Op s mining business plan relies on bitcoin being priced at at least 2000 and increasing in value over time.

For example reddit user cadese claims he is using solar panels to reduce costs significantly stating. This is the same business plan as hodling. The antminer cost me about 100 used not 500. I just installed solar panels to run my miners during the day.

Not only does my house get heated but i cut the mining cost by 75. 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 mining with solar.

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.