How to Solar Bitcoin Mining?

According to Investopedia As per Investopedia when this post was published, this amount was 18.77 million Bitcoins were extracted around the world. It's a massive quantity of Bitcoins and, along with it, more energy. In reality, Bitcoin mining uses around 91 Terawatts of electricity each year. This is more than a third of the energy used to cool homes throughout the U.S. annually.

It shouldn't be a shock that Bitcoin mining could have negative environmental impacts. Actually, Elon Musk himself has made the announcement through Twitter: "We are concerned over the rapid growth of fossil fuels for Bitcoin mining". Since the announcement, many have wondered whether solar-powered Bitcoin mining could be a viable alternative to traditional mining, which is dependent upon grid energy to produce electricity.

The number of solar panels needed for the production of Bitcoin ranges from 30 to 50 panels, however, it's all dependent on the region you live in as well as the amount of energy the mining equipment uses. The majority of mining equipment consumes around 3000 watts of power and consumes on average 72 kWh a day.

In this post, we will try to explain how bitcoin mining powered by solar energy works to help you harness the power of solar energy to offset carbon emissions while saving money on your expenses.

How Much Energy Does it take to mine one Bitcoin Every Day?

Based on The Digiconomist's Bitcoin Energy Consumption Index it takes 1 444 kWh to complete a bitcoin transaction. This is quite a bit of energy. If we take the US energy that amounts to 13.3 cents/kWh and the cost of energy required for the creation of the bitcoin amount is

1544kWh * $0.13 equals $200.72

On first look, $13.9 cents may not appear to be a huge amount. This is certainly the case but its contingent upon the quantity of kWh that you use. I'm confident that there is no way that any of the Bitcoin mining machines in the world can operate with this little energy.

For example, Bitcoin mining rigs like the Bitmain Antminer are famous for using a substantial amount of energy!

Where is SOLAR-Powered CRYPTO Mining Growing?

The U.S. is the leader in the area of crypto mining, having the highest rate of success of any other country. The cities listed below have the highest amount of solar power produced per capita in terms of the production of solar power.

• Honolulu, HI
• San Diego, CA
• Albuquerque, NM
• San Jose, CA
• Burlington, VT
• San Antonio, TX
• Las Vegas, NV
• Phoenix, AX
• Riverside, CA
• Denver, CO

Read More... https://mysolarperks.com/solar-bitcoin-mining

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