Coin mining by traditional electric energy is difficult because of many problems. First is the power supply. Based on data collected from Eurostat, electricity price has increased by more than 10% in the last decade. So organizations and individuals who mine cryptocurrencies have been trying to reduce costs. Currently in the context of market conditions is no longer peaking as late of 2017, this has become more important than ever. Current mining cryptocurrencies using solar energy by installing solar panels to operate mining machines can reduce 30 ~ 75% of the cost of mining. Solar energy is giving hopes for small and medium bitcoin mining companies to face with the up and down conditions of the world cryptocurrency market. In recent studies of the use of renewable energy to mine bitcoins, they show that we can recover about 72% of the heat generated. Using alternative methods such as mini hydro, wind power, solar energy is cheap and easy to exploit but with a high initial investment. The new initiative is financed on the balance sheet (corporate financing) The new project is incorporated into a newly created economic entity, the SPV, and financed off-balance sheet (project financing) Alternative 1 means that the sponsors use all the assets and cash flows from the existing firm to guarantee additional credit provided by lenders. If the project is not successful, then all the remaining assets and cash flows can serve as a source of repayment for all the creditors (old and new) of the combined entity (existing firm plus new project).

Main info

Hosting info

Payment systems

Payment systems available 

Withdraw types

Ratings and monitors

Remarks