click here if you want to see your banner on this site

Author Topic: Bitcoin Miner Says Solar Energy Cuts Mining Costs By 75%  (Read 154 times)

jgilpulg

  • Garden Hero
  • Full Member
  • *****
  • Posts: 246
  • Karma: +1/-0
    • View Profile
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

  • Sr. Member
  • ****
  • Posts: 284
  • Karma: +0/-0
    • View Profile
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

olliecrypto

  • Novice
  • *
  • Posts: 43
  • Karma: +0/-0
  • TheCryptoBot.com
    • View Profile
    • My favorite Trading Tool
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.
My favorite Trading Tool :
Gunbot - the Automated Cryptocurrency Trading Bot
https://thecryptobot.com

tsakf

  • Full Member
  • ***
  • Posts: 233
  • Country: gr
  • Karma: +0/-0
  • Gender: Male
    • View Profile
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.
█████████████████████ Check out my cryptocurrency video collection █████████████████████

https://tsakf.org

717

  • Garden Hero
  • Sr. Member
  • *****
  • Posts: 365
  • Karma: +5/-0
    • View Profile
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

Midz

  • Sr. Member
  • ****
  • Posts: 276
  • Karma: +7/-0
  • Gender: Male
  • 0x0816012c24895da238bA63AA5B951703F1fa5054
    • View Profile
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

Jayde

  • Sr. Member
  • ****
  • Posts: 474
  • Karma: +32/-0
    • View Profile
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
.
.
.
           ▄▄      ████      ▄▄
          ████▄   ▐████▌   ▄████
          ▐█████████▀▀█████████▌
    ▄▄▄  ▄███▀▀░n`░::'░H░▀▀███▄  ▄▄▄
   ████████▀*╦`%░U╙░H]░j░╦`╦*Z▀███████
    ▀████╨]╦░%░▀██▄▀▄▄▀█Mr░d╨░]╙████▀
    ▄███,░%w░ⁿ`╙███╔█▄█▀⌐,═^░≡╨,███▄
▄▄▄████ ░``""░`░╙▀██▄█▀╨░-░*""░`` ████▄▄▄

▀▀▀▀▀▀███████████▄▄       ╓ ╨ "▒ ▒,═▒ ▒
   ▄▄▄▄▄▄▄▄╓,`╙▀▀█████▄  "╨═`  ▄▄▄▄▄▄▄▄▄
    ╙╙▀▀▀▀█████▄,  ▀▀████▄ ▄▄███▀▀╨╙╙╙ ▀▀
      ╖▄▄▄  `▀▀████  ▀████▄ ▀▀ ,▄▄█
       ╙▀███▄▄  ▀████▄  ▀████, ▄██▀
          ╙▀███▄  ▀███▌  ╙████w
             `▀▀\  ╙███▌  ▀▀▀
.
bitagro
.
DECENTRALIZED  ━━━━━━━ ━━━━ ━━ ━
━━━━━━━━━━━━━━━  AGRO EXCHANGE
PLATFORM  ━ ━━ ━━━  ━━━━━  ━━━━ ━
.
.
▄▄████████▄▄
▄████████████████▄
▄████████████████████▄
███████████████▀▀  █████
████████████▀▀      ██████
▐████████▀▀   ▄▄     ██████▌
▐████▀▀    ▄█▀▀     ███████▌
▐████████ █▀        ███████▌
████████ █ ▄███▄   ███████
████████████████▄▄██████
▀████████████████████▀
▀████████████████▀
▀▀████████▀▀
.
.
WP
▀▀▀
.

Midz

  • Sr. Member
  • ****
  • Posts: 276
  • Karma: +7/-0
  • Gender: Male
  • 0x0816012c24895da238bA63AA5B951703F1fa5054
    • View Profile
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.

tsakf

  • Full Member
  • ***
  • Posts: 233
  • Country: gr
  • Karma: +0/-0
  • Gender: Male
    • View Profile
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.
█████████████████████ Check out my cryptocurrency video collection █████████████████████

https://tsakf.org

Ahan

  • Full Member
  • ***
  • Posts: 170
  • Karma: +1/-0
  • Lynchpin (LYN) Token
    • View Profile
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?

Moonlight

  • Sr. Member
  • ****
  • Posts: 260
  • Karma: +0/-0
    • View Profile
  • 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
    ⬢     SECURE  PLATFORM  FOR  GAMING  AND  PAYMENTS     ⬢
                                           S  O  N  I  C    X                                       
    ⬢      FACEBOOK       ⬢        TWITTER        ⬢        TELEGRAM        ⬢       EMAIL    ⬢

    AdamLu

    • Sr. Member
    • ****
    • Posts: 341
    • Karma: +0/-0
      • View Profile
    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

    NguyenTuan

    • Sr. Member
    • ****
    • Posts: 311
    • Karma: +24/-0
    • PRIVATE FEDERATED BLOCKCHAIN
      • View Profile
    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?

    ██████████▀▀▄▄▄▄▄▄▄▄▀▀██████████
    ████████▀░▄██████████▄░▀████████
    ██████▀░████████▀▀▀█████░▀██████
    █████░░███████▀░░░░██████░░█████
    ████░░██████▀░░▄██░███████░░████
    ███░░█████▀░░▄███░▄████████░░███
    ████████▀░░▄████░░██████████▀▀██
    █░░░░██░░▄█████░░█████▀░░██░░░░█
    ██████████████░░████▀░░▄████▄▄██
    ███░░████████▀░███▀░░▄█████░░███
    ████░░███████░██▀░░▄██████░░████
    █████░░██████░░░░▄███████░░█████
    ██████▄░█████▄▄▄████████░▄██████
    ████████▄░▀██████████▀░▄████████
    ██████████▄▄▀▀▀▀▀▀▀▀▄▄██████████

         ZROCOR     
      PRIVATE FEDERATED NETWORK 
    CREATING THE MOST ACCESSIBLE PLATFORM
                     FOR SELF-ACTUALIZATION               
    FACEBOOK  ♦  TWITTER   ♦   WHITEPAPER   ♦   ZAPPS   ♦   GITHUB
         ZROCOR     
      PRIVATE FEDERATED NETWORK 

    ██████████▀▀▄▄▄▄▄▄▄▄▀▀██████████
    ████████▀░▄██████████▄░▀████████
    ██████▀░████████▀▀▀█████░▀██████
    █████░░███████▀░░░░██████░░█████
    ████░░██████▀░░▄██░███████░░████
    ███░░█████▀░░▄███░▄████████░░███
    ████████▀░░▄████░░██████████▀▀██
    █░░░░██░░▄█████░░█████▀░░██░░░░█
    ██████████████░░████▀░░▄████▄▄██
    ███░░████████▀░███▀░░▄█████░░███
    ████░░███████░██▀░░▄██████░░████
    █████░░██████░░░░▄███████░░█████
    ██████▄░█████▄▄▄████████░▄██████
    ████████▄░▀██████████▀░▄████████
    ██████████▄▄▀▀▀▀▀▀▀▀▄▄██████████


     

    Bitcoin Garden 2013-2020, All rights reserved| Privacy Policy| DMCA | About Bitcoin Garden| Support & Services