We produce renewable green energy with solar power and CSP with heat storage, we operate 24/7
Mining cryptocurrency such as bitcoin cash (BCH) and bitcoin (BTC) is necessary for using electricity to supply power for ASIC machines to bring benefit. Over the past few years, as digital assets became increasingly popular and the hashrate SHA-256 (BTC and BCH consensus algorithm) has risen to the highest level of all time, people have complained that the amount of power was used to exploit was too much. However, 78% of devices in our Bitcoin mining system use renewable energy sources such as solar energy.
The benefits of solar panels are increasingly superior to electricity. The miners can get cryptocurrency with incentives ""This renewable energy source can also be used, with a reuse of up to 72% of used heat."
At Trustinvestment, we believe 3000 dedicated ASICs will be able to compete with large cryptocurrency mining models, thanks to the fact that we have the leading devices and technologies on the market. Our customers are supplied solar energy produced at our own photovoltaic plants, which makes the operation more efficient and sustainable.
Riwan Colas - our head of technical officer, after researching and giving an explanation, about how we make more money by using excess solar energy to mine bitcoin instead of selling energy for power plant. The time of starting your excavators tonight is almost free of energy in Stockholm tomorrow - instead of selling our excess solar energy, we exploit bitcoin," Colas commented. "1 kwh = 1.16Kr ($ 0.12)" - That is 10 times the amount received if we sell it to the national electricity grid. Use the most popular mining tools on the market (each $ 100 conversion tool 1.3kW -> BTC).
This study states that "Solar power for Bitcoin will be able to pay itself for about two years", and after completing return-on-investment–RoI, “The risk remains minimal”. If the price of bitcoin unexpectedly falls below the profit level, this mining activity still has a backup plan because we can simply sell electricity back to the national grid. Colas describes how off-grid mining activities can be done in areas without power lines and affordable.
“In this case, the mining tools are connected to the internet via satellite connection, but for the rest, the whole project is not connected to the national grid - all use solar energy for mining”. Colas noted in our study. This model may also include on-site storage (electrical) machines to both facilitate smooth production and expand mining operations beyond daylight hours.
Comparison table of Electricity cost to mine 1 Bitcoin
in each country with Trustinvestment:
|Niue Island||$17.566||13.76 times||$-8.999|
|South Korea||$26.170||21.99 times||$-17.603|
Source: Elite report Fixtures analysis of electricity prices of 115 countries (May 2018)
Trust Investment's Electricity cost is $ 0.023 / kWh, based on the difficulty of Bitcoin from March 2019.