The number of mining farms is on the rise and the number of people who want to earn money by crypto-mining is growing exponentially. However, you need to prepare in advance for large electricity bills. What can help in this situation? Solar power plants. The use of solar energy for mining is a way that helps reduce electricity costs.
Successful miners say that solar panels even increase their profit. Electricity consumption is reduced not only with the maintenance of the farm, but also the entire buildings. This type of mining is already spreading well in the middle latitudes of our planet. It is extremely profitable to install such mining farms in Africa and Central Asia. There is much sun, which feeds special solar panels. These batteries can fully serve mining equipment.
Moreover, cryptocurrency will be mined in fields with solar panels in places like Texas. Tesla has teamed up with Jack Dorsey’s Block and Blockstream infrastructure company to build a bitcoin mining data center. Mining with renewable energy sources is starting to win the hearts of users around the world.
As the share of solar-powered hash rate is likely to rise, many see the potential for renewable energy in bitcoin mining to encourage people to use the cheapest possible energy. Governments agree to reduce carbon emissions and introduce additional incentives such as investment tax credits, the share of mining farms using solar energy may increase even more.
In 2022, the world expects surges in inflation and rising prices for electricity and the energy sector. This encourages more and more investors to switch to the most profitable type of mining – renting the capacities of remote data centers, which are located in the most advantageous places with cheap electricity. The leaders of this market have switched to solar energy, which increases the income of both investors and the miners themselves.
It is not necessary to have the equipment to make money on cryptocurrency. There are a large number of services that offer the Cloud mining option, in which you pay only for the power, and the company takes care of all other expenses. Indeed, it is one of the most profitable sources of passive income.
This concept means the use of the computing power of remote data centers. The user buys a certain amount of hash rate “in the cloud” from the provider, with which the cryptocurrency is mined. In other words, clients invest in mining farms to make a profit in the future, and companies are engaged in setting up equipment and maintaining data centers. The key difference is that you don’t even need a computer to work with cloud mining, because all operations can be performed directly from your mobile phone.
One of the best performers of solar-powered cloud mining is SunMining company. They are named one of the best hash-power providers offering cryptocurrency mining to all interested parties – beginners and large investors. Their specialists have distributed capacities so that each investor can choose a profitable personal package: it varies in price (15$ minimum!), duration(90, 180, and 360 days – by diversifying your assets, you protect your investment portfolio), and referral level.
To start using SunMining services, you need to select any available capacity and make payment for the selected package. Your order will be activated after the successful payment – it is accepted in BTC.
Disclaimer: This is a paid post and should not be treated as news/advice.
Source: https://ambcrypto.com/solar-panels-and-cryptocurrency-mining-with-the-sunmining-platform/