Hi. I'm a newbie and have been loking at the economics of mining. It seems that one if the biggest obstacles is the cost of power to run miners making the return on investment questionable so I have a newbie question.
What if the power to run ASIC mining hardware was free? I happen to have a massive solar array on my roof. The previous owner covered the entire roof of my house with solar panels but never for reasons I can't understand, did anything other than wire them up. I've confirmed that they work, generate massive amounts of power and I have a supply source for storage batteries that would be very economical for me.
So, the simple question is that with all things being equal, how much of a difference would it make if I could eliminate the cost of power from the equation in determine the financial return on investment in the overall cost of things. With prices for Mining hardware coming down almost daily, is the cost of power that significant that getting it for free would make this a viable undertaking?
Like I said, I'm a complete noob on this and just starting to get my head around everything but from all the research I've done, it seems the cost for power is one of the biggest obstacles in running a mining farm and actually making some money off this adventure.
I'd appreciate any help/advice. Thanks in advance.
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