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Is there anyone (besides myself) that had simultaneously mined Solarcoin while generating solar power?
I currently have a 17,820 watt @ STP solar panel array grid tie system. I had previously mined Solarcoin with ~3 MH/s via GPU mining when the mining difficulty was below one in late January. However, now that Scrypt asics have become more proliferated among the mining community increasing the network hash rate. I've since continued investing in solar coin while mining various X11 algorithm based coins depending on profitability. Economically, there may be significant incentive to build a grid tie solar system depending on local power costs and the value of awarded SRECs. I live in Loudoun, VA where I pay electricity at a rate of .14 $/kwh ,and typically the granted SRECs I receive average $250 in value when traded. In total I save/earn $1,600 per month depending on local weather conditions affecting solar panel performance. I expect to make ROI within the next two years mainly attributed to the fact that much of the labor was committed by a small local labor contractor rather than contracting a professional solar array installer.
List of Costs:
66 x LG 270w Mono X Modules = $13,614
2 x SMA 8000US-12 grid tie inverters = $6231
Miscellaneous costs (wire, fuses, PVC pipes, and etc.) = $651
Ground mount construction and labor = $4541
Electrician and permits = $822
Total Cost= (initially) $25,859 or $18,101 after receiving the maximum 30% Residential Renewable Energy Tax Credit
Proof of my system is presented below
Anyone else have solar array pictures to share?
I currently have a 17,820 watt @ STP solar panel array grid tie system. I had previously mined Solarcoin with ~3 MH/s via GPU mining when the mining difficulty was below one in late January. However, now that Scrypt asics have become more proliferated among the mining community increasing the network hash rate. I've since continued investing in solar coin while mining various X11 algorithm based coins depending on profitability. Economically, there may be significant incentive to build a grid tie solar system depending on local power costs and the value of awarded SRECs. I live in Loudoun, VA where I pay electricity at a rate of .14 $/kwh ,and typically the granted SRECs I receive average $250 in value when traded. In total I save/earn $1,600 per month depending on local weather conditions affecting solar panel performance. I expect to make ROI within the next two years mainly attributed to the fact that much of the labor was committed by a small local labor contractor rather than contracting a professional solar array installer.
List of Costs:
66 x LG 270w Mono X Modules = $13,614
2 x SMA 8000US-12 grid tie inverters = $6231
Miscellaneous costs (wire, fuses, PVC pipes, and etc.) = $651
Ground mount construction and labor = $4541
Electrician and permits = $822
Total Cost= (initially) $25,859 or $18,101 after receiving the maximum 30% Residential Renewable Energy Tax Credit
Proof of my system is presented below
Anyone else have solar array pictures to share?
Amazing have you claimed solarcoins yet? From the pilot program.
