Crypto mining with solar power

Crypto mining with PV power — does that make sense?

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One of the best ways to drastically increase mining earnings is to keep the main cost factor of electricity as low as possible. Low electricity costs or even no electricity costs at all transform sales directly into pure income. In principle, there are only two options for low or no electricity costs: Electricity can be purchased free of charge (included in the rental agreement) or you produce your own electricity yourself. With a PV system in particular, you usually produce much more electricity than you consume yourself. In this case, the electricity usually has to be fed into the power grid far too cheaply. Crypto mining is a great alternative to pure feed-in, as it can significantly increase the income generated per kWh produced. With normal supply to the power grid, a solar system usually pays for itself after 12-14 years. With crypto mining, payback can be achieved in half the time or even faster. Pascal Arnold, speaker at the Lucerne University of Applied Sciences and Arts, has written an exciting article about this here find. There you will also find a calculation example on the subject of amortization and solar systems with crypto mining.

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This is how mining with PV power works:

The only thing you need for crypto mining using solar power is a PV system and a miner. Both a GPU mining rig and an ASIC miner are suitable as miners. The selection of the miner should be chosen depending on the amount of electricity produced. For example, if your system produces 800 watts per hour, a miner with a similar consumption would be particularly attractive. Ideally, you also have an energy storage device, which allows you to operate the miner at night, otherwise you can also operate the miner normally using additional electricity supplied from the power outlet.

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What are the benefits of mining using PV power?

The main advantage of crypto mining using PV power is that the return on investment is significantly faster with the solar system than simply feeding in excess energy. It is also exciting that the miner produces a lot of heat, which can be used, for example, for the hot water cycle or even for heating. In particular, if you have an energy storage unit, you can also operate the mining rig at night and utilize the electricity you produce more effectively and use the heat for your own home. Regardless of PV power, mining in winter is also a really good way to heat the entire house or apartment. The electricity used is converted into heat almost 1:1 and can therefore cheap alternative to heating with gas be. If you have any further questions about this topic or are interested in a miner, please send us a message using our contact form.

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Would you like to use your solar power more effectively?

We are long-time experts in crypto mining and know exactly how you can efficiently utilize your solar power. You are welcome to contact us and we will be happy to advise you in a free initial consultation. We would also be happy to do a profitability analysis with you, adapted, of course, to your situation (electricity yields, hardware costs,...).

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For further information, high-quality content, blogs and support on topics relating to mining, we recommend visiting our social media channels. There you will find helpful content and always stay up to date. Don't miss the chance to delve deeper into the world of Cryptohall24 - follow us on our social media platforms!

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