Using solar panels can reduce the mining cost 75%?

The miners, according to relevant media in order to save cost of mining, is trying to take all kinds of effective measures. Some large and small encrypted monetary miners were forced to turn to renewable energy, in order to reduce the mining cost.

a nickname called & other; cadese” Users of Reddit, claimed that he is using solar panels to sharply reduce the cost. This way not only exempt from the tax power costs, also reduce 75% of the mining cost.

using renewable energy to dig more and more common, in November 2018, CoinShares research released a report, the dig and the trend of the currency, cost and energy consumption. The study showed that most COINS mining is conducted in global regions with renewable energy. In addition, the report emphasizes that about 80% of the mining activity is powered by renewable energy.

among them, the use of the solar panels than ordinary power dig more cost effective. Such as Solar, Solar device supplier Alliance, such as Energy companies are focus on renewable Energy's role in encryption monetary industry development. In November 2018, Solar Alliance with NuYen block Energy chain company signed an agreement in Illinois morpheus burroughs development encryption monetary mining facilities.

since 1954, when the first practical silicon solar cell is made in the United States later, soon used by satellites, so far, most of the space vehicles are equipped with solar power generation system. Energy crisis of 1973, and to promote the development of the solar cell surface application, many of the beacon light, solar battery power microwave relay station, railway signal, photovoltaic water pump has been running all over the world, such as power range from several to tens of thousands of watts. In transmission difficult mountainous areas, pastoral areas, desert region people have used solar battery power supply to television, radio, lighting, water pump, such as solving the problem of living power.