In the
arms-race of Bitcoin mining solutions one of the key performance indicators is
the amount of Bitcoins per kWh of used electricity. This impacts both the
environmental as well as the financial bottom-line. The electricity tariffs in
Europe differ per country, but including taxes averages above the 20 Eurocents
per kWh for residential consumers.
Last decade
several technological and logistic breakthroughs resulted in wind turbines and
solar panels that can produce electricity for an ever decreasing price. With
the ongoing developments the coming years the renewable electricity price on
windy or sunny locations will be lower than any conventional alternative.
The best
locations for renewable energy production are generally very remote from the
location where energy is consumed. Wind turbines produce most in the middle of
the sea and solar panels are preferably deployed in the desert. In such cases
the overall costs of the renewable energy is mainly determined by the costs of
the physical grid connection.
Maybe the
business case can be made for not connecting this remote renewable production
to the grid at all, but to use the energy locally in a Bitcoin mining rig! On
the one hand it would reduce the use of conventional energy on residential Bitcoin
mining and on the other it will enable utilization of top renewable production
locations, which are too remote for grid connection.
On another account, the first solar panel retailer is accepting Bitcoins as payment option: http://www.gogreensolar.com
On another account, the first solar panel retailer is accepting Bitcoins as payment option: http://www.gogreensolar.com
Inge
(The electricity used by www.HappyCoins.nl is produced by wind and solar power)
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