[2014-04-16] Bitcoin Miner Uses Family Water Turbine to Mine Bitcoins

[Ripdon007]

https://coinreport.net/bitcoin-miner-power-plant/

Alex Wilhelm stated:
“It all depends on the value of bitcoin. If you’re mining at this stage, you’re not doing it to make dollars, you’re doing it because you believe it will go up.”

[qwk]

http://what-if.xkcd.com/91/

[bryant.coleman]

Actually it is a nice way to utilize the excess electricity. Why give away your spare power for free, when you can mine Bitcoins with it? 

[ecrick3]

Actually it is a nice way to utilize the excess electricity. Why give away your spare power for free, when you can mine Bitcoins with it? 

Bitcoin mining by using solar energy. Is it possible?

[bryant.coleman]

Bitcoin mining by using solar energy. Is it possible?

Solar panels are quite expensive. Other than that it is a good idea to use the spare power for the mining of Bitcoins. That said, today the mining is highly uneconomical and will never pay for itself.