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RE: Is a Solar Powered Mining Rig The Wave Of The Future?

in #cryptocurrency • 7 years ago (edited)

Only read the title and here is your answer,,, No, Electricity is electricity, producing electricity using solar panel is nearly the most expensive kind you can get. Since mining can be done anywhere where cheaper source of electricity is available this will NEVER be profitable.

7 years ago in #cryptocurrency by
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     7 years ago (edited)

    imho, never say never when speaking of technology

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     7 years ago 

    Your information is a little out of date - solar is now the cheapest form of new electricity generation.

    The link quotes a Bloomberg analyst:

    "After the dramatic cost reductions of the past few years, unsubsidized wind and solar can provide the lowest cost new electrical power in an increasing number of countries, even in the developing world - sometimes by a factor of two"

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