Generating your own electricity with solar panels could make cryptocurrency mining at home more accessible again. Let’s explore how you can reduce your electricity costs with solar.
After the Bitcoin halving and considering current market conditions, cryptocurrency mining has become less accessible for the average home miner. So, how can you reduce your electricity costs and increase mining profitability? How about solar power? We’ve been discussing adding solar panels to our mining farm for a while, so let’s go over the first steps you should consider when installing solar panels.
We’ll also cover their expected costs, how you can sell excess electricity, whether you should add batteries, and other ways to generate additional passive income with solar.
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WATCH VIDEO
⏰ Timestamps ⏰
00:00 Solar is the new path for mining
02:00 Costs associated with setting up solar panels
03:40 How to choose the best solar panel for you?
05:25 Innovations in solar panel technology
06:30 Solar energy presence in Bitcoin mining
08:16 Tax credits for setting up solar in the USA
09:28 What is SREC & REC for renewable energy installations?
10:28 My plan for setting up solar for mining