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RE: The Cost of Bitcoin

in LeoFinancelast year

It's crazy how much power it could cost to mine just one of them.

I was thinking about buying a rig, and some solar panels and maybe a small scale wind turbine, which would roughly cost between 5-10k to do. Just to experiment with it, however I'd probably try to mine something else. The problem with it is that the power output wouldn't be enough to run it and it could take a fairly long time just to break even on the equipment spent on setting up an operation like that.

It is possible to make your own turbines, which would cut down on some of the costs, but still. Realistically, the best way to do it would be to mine during a bear market and sell everything in the height of a bull market, but even then it's tough.

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yeh, it makes more financial sense to build your own wind turbine and sell back to the grid, than to build and mine.

crazy