In 2015 a bitcoin fan took to youtube to show off his bitcoin solar powered mining farm.
Solar panel bitcoin mining.
The use of solar panels is becoming more cost effective than standard electricity.
They explained that each of their miners was producing about 007 bitcoin each day at the time thanks to solar power.
Less risky and more profitable than selling to the grid the energy used to mine bitcoin has long caused debate over whether it s a wasteful process.
They said the power consumption of their s3 antminer was actually being offset by the power of the sun s energy thanks to their solar panels.
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Getting rid of a hefty electric bill which typically weighs down mining operations leaves more room for.
Moreover the report highlights that about 80 percent of mining is powered by renewable energy.
Once you have paid for the solar panel system itself the cost of mining is virtually free.
As the arguments have rumbled on some people have been focused on mining coins with renewable energy.
Renewable energy to power the cryptocurrency revolution.