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Author Topic: Bitcoin Miner Says Solar Energy Cuts Mining Costs By 75%  (Read 246 times)

jgilpulg

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Bitcoin Miner Says Solar Energy Cuts Mining Costs By 75%
« on: March 14, 2019, 12:26:08 PM »
Cryptocurrency miners have been trying to lower their costs since the advent of Bitcoin (BTC). Now, due to adverse cryptocurrency market conditions, this endeavor has become increasingly critical.

https://bitcoinist.com/bitcoin-miner-says-solar-energy-cuts-mining-costs-by-75/


Barb

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Re: Bitcoin Miner Says Solar Energy Cuts Mining Costs By 75%
« Reply #1 on: March 15, 2019, 02:10:11 PM »
But the cost for deploying a solar energy system still really high in the poor country like mine, so miners in my country still sticks with the electric power

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Re: Bitcoin Miner Says Solar Energy Cuts Mining Costs By 75%
« Reply #2 on: March 25, 2019, 09:38:33 PM »
solar panels are really expensive.
i was lured into getting some with rebates and tax deductions, but then my the tax cut was not renewed so i ended up paying more out of pocket than i expected.
luckily, i am also partial to renewable energy so it didn't bother me much, beyond my bottom line, but still, seeking solar panels to offset cost seems like a bad plan.
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Re: Bitcoin Miner Says Solar Energy Cuts Mining Costs By 75%
« Reply #3 on: March 27, 2019, 09:08:53 AM »
The problem with panels, is the batteries needed to store the energy for the night.  You need a bug investment, to have high power 24/7. I would get into Bitcoin mining, only if I had a creek with sufficient flow, to use hydro power. This works, 24/7 with low wattage generators.
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717

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Re: Bitcoin Miner Says Solar Energy Cuts Mining Costs By 75%
« Reply #4 on: March 27, 2019, 09:45:06 AM »
By using solar energy to do mining, it is a very good action, because it reduces electricity costs and supplies

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Re: Bitcoin Miner Says Solar Energy Cuts Mining Costs By 75%
« Reply #5 on: March 27, 2019, 10:30:27 AM »
Many miners have closed their businesses because they have little profit. And big electricity costs compared to their income

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Jayde

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Re: Bitcoin Miner Says Solar Energy Cuts Mining Costs By 75%
« Reply #6 on: March 27, 2019, 01:47:33 PM »
Many miners have closed their businesses because they have little profit. And big electricity costs compared to their income
True, miners will only return if the market recovery again, but the idea of solar panel is also a good choice for those with big money
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Midz

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Re: Bitcoin Miner Says Solar Energy Cuts Mining Costs By 75%
« Reply #7 on: March 28, 2019, 05:26:52 AM »

True, miners will only return if the market recovery again, but the idea of solar panel is also a good choice for those with big money

Yes it depends on everyone who has a lot of money to do a miner.

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tsakf

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Re: Bitcoin Miner Says Solar Energy Cuts Mining Costs By 75%
« Reply #8 on: March 28, 2019, 01:23:01 PM »
Yes it depends on everyone who has a lot of money to do a miner.

Sometimes, it is more profitable to have a low hash rate miner, with minimal expenses (cost of power), than big rigs, with high hash rate, and high electricity bills.
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Re: Bitcoin Miner Says Solar Energy Cuts Mining Costs By 75%
« Reply #9 on: March 30, 2019, 04:08:06 AM »
As we know, the electric costs for mining are the biggest fee that we must spend during mining. The result sometimes cannot fulfill the outcome of electric fees. If the solar system, it may need a higher price of buying the tools and types of equipment, however, if it can save energy, why not?
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Moonlight

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  • Re: Bitcoin Miner Says Solar Energy Cuts Mining Costs By 75%
    « Reply #10 on: March 30, 2019, 02:39:52 PM »
    one good way, using the sun can save electricity if it is for intermediate miners, but with the sun we need power reservoirs for the night
    so we are required to spend capital to buy the power store
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    Re: Bitcoin Miner Says Solar Energy Cuts Mining Costs By 75%
    « Reply #11 on: March 30, 2019, 03:41:23 PM »

    True, miners will only return if the market recovery again, but the idea of solar panel is also a good choice for those with big money

    Yes it depends on everyone who has a lot of money to do a miner.
    The solar idea is also suitable for those with a lot of money, but for becoming a miner, the expensive is just the same as traders

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    Re: Bitcoin Miner Says Solar Energy Cuts Mining Costs By 75%
    « Reply #12 on: March 30, 2019, 03:56:18 PM »
    I feel something wrong here, for the normal miners they just need invest rig, this idea need to invest a solar system that also cost a lot and for sure it will take longer time to payback, so why can cut the cost?

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