Hi,
I am thinking of investing about value equivalent to 1BTC at today's price 16.K in a dedicated solar power panels at my roof and use the energy produced for mining bitcoins.
If I buy second hand miners with 200TH hash power included in the package, how I would calculate time of investment return?
Your idea is fascinating and recommendable as its cost effective using solar, but still this plan is going to demand lots of bucks from you ranging from the purchasing of solar panels (depending on how many) to it's installation cost, then it's maintenance as time goes on. Not that I pray for it but do you have a back up plan to this your investment should it not yeild returns much as you expect it to.
Don't fuse your mind on calculating time of investment returns also calculate the opposite too, in that way you will be sturdy and ready for any outcome as it surface. Good luck with your investment!!
There had been a refute in the earlier reply about the effectiveness and profitability of using solar system for mining. Actually you can just read the reply above your post enumerating the negative of using solar as source of electricity. I do agree that the upfron cost of solar panel is too expensive, plus it also depend on how efficient is the setup's energy storing capabilities. Plus never factor out a possibility of disasters that can disrupt your mining operation. The system breakdown and malfunction that can give you lots of headache.
Regardless, I still agree with other member that buying bitcoin at the current state of market is way more cheaper than starting up a mining farm.