Solar Panel For Mining Rig

Solar powered mining rig it is advantageous to utilize the suns energy via photovoltaics to mine cryptocurrency.

Solar panel for mining rig.

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. Oddly enough solar energy is not being used by major mining operations as the dominant renewables powering facilities have been hydro and geothermal. You ll need minimum 6 of these panels. A basic mining rig will need about 450 500 watts of power as a minimum.

Solar panels provide inexpensive power 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. Then you can realize the huge potential gains of mining the right currency. However realistically speaking to be able to make a profit. That s quite a lot of energy about a third of the homes in san jose.

You re going to pay a lot upfront for panels inverters controllers and hardware just to avoid paying 16c or whatever per kwh. 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. We will call it 8 for good measure. I ll just give you a basic rundown.

For the sake of simplicity let s say you are running 6 gpu s and you need 1200 watts of power and off grid. At this rate the bitcoin network runs at 342934450 watts which equates to around 343 megawatts. This means that you need about 2 5 square meters of solar panels just to be able to power a basic rig on an average day. Although last summer reports indicated that hadouken pty ltd was approved to build a 20 megawatt solar farm that will be specifically used to mine digital currency.

After the pay back period of a solar power system usually a few years the cost of producing solar electricity for mining is basically free. Your mining rig won t last long enough to make it worthwhile if it even lasts long enough to pay for itself so you ll need to have some other use for the panels to reach their breakeven point.