Topic: Mining and Solar Electricity (Read 4650 times)

but coin is heavier than paper money, and feel free to convince me money transaction costs more energy than mining coins.

I often hear this from nature activists and groups like that. Yes, mining coins (and by that, making transactions possible) does take a lot of energy. Yes, it was better if this didn't took as much energy as it does now, but you know this "difficulty" makes the coin gain value.

Now, the current system of banks. I think they use even more energy for ordinary transactions of money..

I always wanted to use green energy simply to be independent. I don't mind paying for electricity but i want to have some backup in case a lightning strikes or something. I remember few years ago a substation transformer blew and we had no power for almost a day.

Hi.  I need some experienced mining folks to give me some feedback.  I work for one of the largest residential solar installers in Arizona and we are also in California.  Our cash payment customers are getting their electricity between $0.04 and $0.06/kWh.  There's been a trend in solar to "oversize" systems by 20-30%.  By this i mean, if a customer is using 10,000 kWh/yr they may purchase a system that's generating between 12,000 and 13,000 kWh/yr.  Personally, I don't like to oversize systems because the "extra" electricity is sold back to the utility company at the end of the year at "wholesale" rates (read: less than what they are paying for the electricity).  It occurred to me that bitcoin mining may be a great way to go for some of these homeowners.  For example:  Over the course of a year the PV system overproduces 2,000 kWh of electricity.  As opposed to selling that electricity back to the utility company at say $0.04/kWh it may be better to drop off a "bit coin rig" at the customers house that's capable of using up the extra 2,000 kWh in the course of say a week.

Questions:
Is it feasible to install a rig of that size at someones home?
How many coins would it likely mint?
From your experience mining bitcoins would profit sharing with the home owner be preferable to say $0.07/ kWh?
Considering hardware costs, is this even a worthwhile endeavor?

Bitcoin has gotten a lot of attention.But I wish people would stop wasting energy.

How much would it cost to power the average PC 24 hours a day, 7 days a week using Solar ?

Then you should be ready for this. https://bitcointalksearch.org/topic/solar-freakn-panel-roadways-awesome-indiegogo-project-lets-support-it-619852

speechless

To quote something I read somewhere:

Why is solar more harmful then nuclear? They release less green house gas and no nuclear waste...

To quote something I read somewhere:

You get one SLR for every MWh of solar electricity generated.