I am searching about that how the mining setup will run on solar panel. If anyone from this board have their mining setup with solar panel then please share your opinion. I am planning to have one with some solar panels so I will mine for free.
We know that the solar panel is recharged when there is intense sunlight, what if for example the rainy season comes and there is not much sunlight, can its recharging be carried out even if there is not much sunlight that happens to the solar panel.
Maybe the solar panel is okay to use for Bitcoin mining if you are in the UAE, but if you are in other countries it seems that it will not be an effective way to make your Bitcoin mining profitable. Because we know it needs to be running 24/7.
That’s entirely correct.
To answer @OP yes there are many players in the mining industry who are running their miners on the solar panels. The success and failure is different story since that depends on region in which they have the set up. As stated in the above quote a reference country such as UAE might have higher side of sunlight considering they are geographically positioned at correct sun sight.
For example, if someone from Germany think about this project then they would take twice the timeline of ROI as compared to a desserted place where sunshine is intense and also available most of the time.
Solar panels can provide stable electricity since they store it beforehand and thus power supply unit can smaintoan steady supply.
The only problem is “how long it will last”.
It’s not about whether you can do it or not, but it’s about Return on Investment that you need to decide. It will take more and more time if you reside in a region like Germany or UK and it will be lot less in region like let us say Norway where you can get sunlight for as long as 76 days straight.