I make about 300 profit on each miner by reselling it used.
Sq feet of solar panel to run crypto miner.
Crypto coinz another cryptocurrency mining profitability calculator.
The site was founded in 2017 and its main goal is to provide crypto financial intelligence to miners investors and all people that are interested in crypto currencies.
I own a little more of 2 acres of land just outside the city with great isolation levels and a pretty cool environment most of the year.
In a hot climate the cooling costs might offset the abundance of solar power i don t know this just throwing out things to consider.
Solar panels provide inexpensive power.
If you had started mining bitcoins back in 2009 you could have earned thousands of dollars by now.
This is about 18 per day at the current price.
Cost for one s9 is 1225 landed on your door in the us.
Let s go with that number and assume you live in a sunny ish city in us.
We are a young team of developers and security experts based in the eu.
Some baseload must run all the time.
And as solar plants come on line in amounts that exceed the baseload generation plus the solar power some power must be curtailed or sold at negative prices.
I make 007 btc per day from each miner.
That s quite a lot of energy about a third of the homes in san jose.
But it s a business engineering problem to determine if it s a money making proposition.
At this rate the bitcoin network runs at 342934450 watts which equates to around 343 megawatts.
Btc keychain flickr cc by 2 0.
Bitcoins are not a good choice for beginning miners who work on a small scale.
Strengths i live in one of the top 3 countries in america for harnessing solar power.
Calculations based on eia data reveal that the average us household consumes about 1 2 kilowatts of power meaning that 343 megawatts would be enough to power 285 833 us homes at the time of writing may 2015.
That means that the wattage you get out of the solar panels is aro.
Mining operations with the tools and resources to be able to set up solar powered rigs in the desert are finding that it is a good investment.
Bitcoin mining on s5 antminer with solar energy using ten 100w poly solar panels to a 60 amp controller putting in 29 amps to my battery bank to cobra 3000watt inverters 115volt pulling 6 amps.
Of course it s theoretically simple to convert solar to electricity and use electricity to mine alt coins.
The budget is not an issue but i d rather run a little mvp in order to project and ensure a healthy roi.
At the same time there are plenty of ways you could have lost money too.
