Solar-based systems come with their fair share of challenges due to the unpredictable nature of solar energy, resulting in a need for reliable storage. Unfortunately, current technology cannot provide affordable large-scale storage solutions that could help mitigate these issues. Uncovering a profit-making solution is possible with Bitcoin mining. According to the research conducted by Ark Invest, incorporating BTC miners into solar systems could help absorb surplus energy and consequently produce tokens that can be sold for monetary gain or even turn into a profitable investment.
Bitcoin Mining’s Can Use the Excess Energy for Profit
Although the battery size of a solar installation can be increased to some degree without Bitcoin mining, it will eventually drive up its Levelized Cost of Electricity (LCOE). After all, this metric takes into account the overall cost generated for energy production over the whole span of time an installation is in use.
By incorporating a BTC miner, scalability improves drastically. The solar battery size can expand 4.6 times and still maintain its LCOE characteristics; this installation would be able to satisfy more than 99% of the end-user demand with dependable assurance! In contrast, utilizing a non-Bitcoin mining system would have only achieved 40% of the demand before profitability decreased considerably.
So Why Bitcoin Mining?
Bitcoin mining is ideal for this purpose due to its multiple advantageous characteristics, such as modularity, flexibility, and portability. Mining farms are composed of hundreds of individual mining rigs that can all be operated separately from the other components. What’s more remarkable is that any single rig can be turned off without disrupting the rest!
With their lightweight design and small frame, these rigs are remarkably transportable. Additionally, the energy input of these machines can be modified in smaller amounts to ensure that any excess output is easily managed.
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