MultiversX Tracker is Live!

My company has too much power, worth making a mining rig?

Bitcoin Reddit

More / Bitcoin Reddit 61 Views

Hi Fam,

So as the title says we have too much electricity. I work for a renewable energy company that has operating assets. On of these is a giant solar plant that frequently gets curtailed, which means the electric grid tells us to turn it down or off. This basically overheats the panels while sending energy to nowhere. We literally have more power than we know what to do with.

We just had a team lunch and came up with the idea to set up a BTC mining rig to get rid of the power. Thinking through this though and there's a couple of stumbling blocks.

Internet Connection: These plants are usually floating in a bay or on a mountain side in the middle of nowhere. I understand edge computing but how fast of a connection do you need?

Mining software: How much human intervention is needed? Suppose we could hire someone to manage but would probably prefer to store the coins and keys from afar.

Staking pool: While we can spend "some" money on this idea, We're not trying to compete with Marathon. Is it worth joining a pool?

Alternative ideas. The reality is we're a power company, not a crypto company. Maybe it's easier to sell the power to someone that's more committed.

Are there any other points to consider? For the record I've been in Crypto for the last 5 years. Typical Joe A retail that buys high & sells low. Have not had any experience in mining prior. Thanks all.

submitted by /u/JrZ_Juice
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments