Does anyone have experience investing in renewable energy generation (solar panel, wind turbine, etc.) and subsequently using that energy to mine bitcoin?
I'm trying to think of how to invest in the space with a slight edge across what I think are the main variables driving margin, most notably cost of energy. I do believe the long-term price of Bitcoin will be massive, and therefore don't view it as entirely necessary to have positive interim yield from mining (i.e., I'd be happy to mine bitcoin at a short-term loss so long as that loss equates to a smaller per unit cost of bitcoin acquired vs. buying the coin directly). However, I'd prefer to structure the economics where I can have positive interim cash flow almost irrespective of the initial investment - that is, I think so long as the yield is positive, I'll eventually recoup the initial investment and then some.
What are the merits of setting up your own facility, particularly if you can access cheap power, vs. paying for a hosting service? I'm new to the space and looking to get general opinions here.
Thanks all. Happy mining.