Solar panels are to power generation as Bitcoin is to money. By putting solar panels up on as many houses and businesses as possible, we could severely reduce our reliance on fossil fuels and centralized power generation. Rather than paying out every month for electricity from a coal-fired plant, we could be getting paid by selling back into. Oct 12, · View the most used bitcoin trading strategies in Africa. Morocco has an MW Noor Midelt Solar complex while Seychelles is planning the first floating solar project which is expected to produce around GWh electricity annually. In Kenya, Bithub Africa has made use of solar power to mine cryptocurrencies since May 31, · Bitcoin Mining With Solar: 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. As the arguments have rumbled on, some people have been focused on mining coins with renewable energy.
Bitcoin solar powerBitcoin Mining via Solar Power: Risks, Rewards and More Profitable?
Active 4 years, 8 months ago. Viewed 14k times. Since the answers are "It depends on what you consider a 'basic unit of Bitcoin mining'. SE and the rest of your question seems to boil down to a product recommendation. The products are not a problem, I have some and I Know the dealers, the problem is really about to use solar energy for mining bitcoin.
I'm looking for a basic project about this. Also I'm not looking how to setup SE in anyway, since it is already setup in the farm. Just wonder if somebody is doing mining with SE. Thanks anyway. Information is a bit dated, but one could probably learn something about the setup. First hit on Google for "solar powered bitcoin mining". B4NZ41 SE means here usually stackexchange. Don't worry, just pick the one that solved your question for you.
If a better one comes along later you can still change it. Active Oldest Votes. The original idea is work with ASIC looking for something cheaper. I'm studying all possibilities and costs at the moment, even if it has so much hashing power in the bitcoin network, it can still be a good business if measure correct how to apply that. That is what I'm doing now. Thanks for your valuable information. It is all to consider for sure. Actually the place is tropical Thailand and Burma but we have water in abundance to cool down things.
These compressors are not small facilities and neither are their holding tanks. The return on investment is marginal too since air is not the most efficient way to harvest energy. Surplus energy can be used to run electric motors that spin large flywheels.
These flywheels are just heavy pieces of metal that are magnetically levitating inside of a vacuum cylinder.
With no friction from a bearing or air resistance, these cylinders will theoretically spin forever. When they need to harness the energy from these flywheels, a magnetic induction generator is engaged which causes the flywheels to slow down. This is the same concept that is used in regenerative braking in electric cars like the Tesla. Electric cars have sizable batteries in them and can store a decent amount of electricity.
Some companies are working to find ways to incentivize electric car owners to charge their cars when the supply of renewable energy is at its highest low demand and then use that energy to power their homes when energy demand is at its highest low supply.
This sort of energy storage not only creates a more efficient energy grid but also creates an additional cost benefit of owning an electric vehicle. If everyone had an electric car, we would see the supply and demand curves balance out substantially since fewer people would be buying electricity during high demand times and more buying during low demand times.
Tech giants are currently working on producing batteries at such a large scale. Without an energy storage solution readily available, energy producers are essentially faced with a problem of too much solar electricity.
In order to deal with this excess in supply, energy producers are forced to reduce the supply they put on the grid even if they are perfectly capable of producing at full capacity. This cutback in solar energy production is called curtailment and there are a few different reasons why it happens. Solar electricity production supply is at its highest point in the middle of the day but need demand for electricity is at one of its low points.
With a supply much greater than the demand, the price of electricity in the middle of the day is at one of its lowest prices. If none of the above methods are readily available to store that electricity, that solar energy gets wasted via curtailment. Imagine having units of electricity but only being able to sell 95 units. Sometimes curtailment is a result of the season. During the spring months, snow melts, more rain falls and often more wind blows than other seasons. This runoff, extra rain, and more wind results in an increase in the supply of electricity generated by hydroelectric and wind power suppliers.
This added supply of energy competes with solar energy and may be cheaper. Consumers end up buying renewable energy sources for less money than it costs from solar suppliers. Sometimes the reason for curtailment has more to do with the energy grid itself.
When electricity is transported from a power plant to where it is consumed, it needs to run on power lines. The problem is that power lines can only move so much electricity or else they risk being overloaded which can actually damage the power lines and cause power outages. These and other criticisms have a grain of truth. There are real, imminent, dangerous problems that a switch to renewable energy would solve. And even if the problems are not as dangerous as they seem, as some contend, a switch would still make life better for our children.
The question is not should we make the switch, but how do we overcome the forces that, for their own selfish reasons, oppose it. In the early s, John F. Kennedy, faced with a Soviet Union that had placed the first satellite, dog, and man in orbit, called for the US to put a man on the moon before the decade was out. That, unfortunately, is not happening and not going to happen. Fortunately, we live in an era when it is possible for people to take control back and do it for themselves.
Want to pay for something on the internet? Use Bitcoin. Want to move money across international borders? Want to save money safely without the fees and small print of the banks? Want to avoid inflation and save securely for retirement? Of course we are not all the way there yet. There are challenges and obstacles to making the advantages I outlined here as easy as I make them sound, but the infrastructure is being built by individuals working independently around the world.
Momentum is being built. Solar panels are to power generation as Bitcoin is to money. By putting solar panels up on as many houses and businesses as possible, we could severely reduce our reliance on fossil fuels and centralized power generation.