I'm looking into getting a Solar Panel and have a design mocked up by Tesla. The panel size is 9.6 kW, which produces 1,117 kWh/month assuming full sun. According to my last bill, I consume around 590 kWh within a summer month.
My monthly electrical bill is around $252.06 and the monthly cost of the Tesla system in a loan is $353.06/month for 10 years.
An S19 Pro Miner costs $5,940 to buy and yields $273.60/month assuming a 2.00% Pool Fee.
Since I have limited "free capacity" before I begin pulling from the grid at unprofitable rates, I can only mine for a limited amount of time per day. At 527 kWh/month of free capacity and a 3.250 kW Power requirement on the Miner, I can only mine 22.5% of the time (about 5.4 hours per day).
How much would I make?
At 22.5% efficiency and revenue of $273.60/month, that's $61.56/month in mining profits. That doesn't sound like much.
How much would the utility reimburse me for the "free" 527 kWh I put back into the grid each month?
Turns out, it's about $0.03/kWh so only $15.81/month. So definitely less than bitcoin mining. That’s great, but I spent $5,940 on the Miner.
What’s my return on investment assuming no change in bitcoin price or mining difficulty adjustment?
$5,940/$61.56/month would take 8 years to pay off the Miner. 8 years is a long time in bitcoin world.
Wouldn’t it just be better to put that Miner investment of $5,940 in bitcoin today and secure $15.81/month in NEM?
You tell me.
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