Short answer: Probably not.
Loner answer: It comes down to a number of factors. Once you buy the miner and panels and some form of backup to keep it running at night and when the local power is off and the cost of the internet and so on then you may eventually get past the base RoI and start making some profit. So long as the equipment has no issues, there are no taxes & local regulations that may force a longer time to get to profit and so on.
Add in the fact the difficulty keeps going up and the price may be up or down and you get a long drawn out amount of math that may not be accurate in a week when the price and difficulty change.
-Dave
Topic: An honest answer on mining with solar - page 3. (Read 537 times)
Someone ask this question on Nigerians local board, the reason why miners are not located or negligibly located in Nigeria as a result of poor electricity supply. In Nigeria, electricity supply is poor in many areas and the only option anyone that want to mine can have is to use solar energy.
Assuming you get yourself like one or two Antminer S19 Pro, powering it with solar, will it be profitable after considering the budget and maintenance?
Those miners and solar panels are not manufactured in Nigeria, they are probably manufactured in China which will make them costly as they will be shipped.
Assuming you get yourself like one or two Antminer S19 Pro, powering it with solar, will it be profitable after considering the budget and maintenance?
Those miners and solar panels are not manufactured in Nigeria, they are probably manufactured in China which will make them costly as they will be shipped.
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