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Solar power plant, a key of High profit Bitcoin Mining.

As cryptocurrencies like bitcoin continue to grow in price and popularity, they have put larger and larger demands on the world's energy supply. Although the currencies are digital, they nonetheless require massive amounts of electricity and computing power to mine.

How much energy does the world’s largest proof of work (PoW) cryptocurrency networkuses on a daily basis? How much electricity does it use in a year? Which country uses the equivalent energy of the entire bitcoin network in a single day? Here are all of the stats you can learn from the Bitcoin Energy Consumption Index (stats accurate as of November 20, 2017):

  • Current Estimated Annual Electricity Consumption: 28.86 TWh
  • Annualized Global Mining Revenues: $6,906,460988
  • Annualized Estimated Global Mining Costs: $1,442,789,116
  • Country Closest to the Bitcoin Network in Terms of Electricity Consumption: Oman
  • Estimated Electricity Used Over the Previous Day: 49,056,938 kWh
  • Implied Watts per GH/s: 0.278
  • Total Network Hashrate in PH/s (1,000,000 GH/s): 11,462
  • Electricity Consumed Per Transaction: 291.00 kWh
  • Number of US Households That Could Be Powered By the Energy Usage of the Entire Bitcoin Network: 2,671,832
  • Number of US Households Powered for 1 Day by the Electricity Used for a Single Bitcoin Transaction: 9.82
  • Bitcoin’s Electricity Consumption as a Percentage of the World’s electricity Consumption: 0.13%

“So if you are a Bitcoin miner and paying a large amount of money (5000 or more per month) on your electricity bills.”

“Then remember in a short run these bills will kill your profits of Bitcoin Mining.“

“The price of electricity per unit increase 8 to 10% per years.”

“And the power consumption for the mining of Bitcoins increases too”

On-Grid Solar Power plant will increase your profit of Bitcoin Mining every year.

A grid-connected solar power plant (or photovoltaic power system or grid-connected PV power system or On-Grid solar power plant) is an electricity generating solar PV power system that is connected to the state power grid. Unlike stand-alone power systems (or OFF-Grid Solar power plant), a grid-connected system doesn't includes any batteries.

A grid-connected PV system consists of following

1. Solar panels

2. On-Grid inverters (per system (solar power plant) the quantity of inverter maybe more than one as per the plant size/design)

3. Solar Panel mounting structure

4. Cable & accessories

5. Power Junction box (both AC & DC) .

Please refer below video for more description


On-Grid inverters converts direct current (DC) generated by solar panel, voltage to alternating current (AC) voltage and that can operate in parallel with the electric utility grid.

A On-Grid inverters  basically takes a variable voltage from a DC source, such as solar panels array or a wind system, and inverts it to AC synchronized with the mains grid. It should automatically stop supplying electricity to the power lines when the grid is down. They can feed excess power to the grid where it is consumed by other users. The feedback is done through a meter called NET METER to monitor power transferred.

“Touch/Click here for Pricing of On-Grid Solar Power Plant”

“Per kW of Solar power plant can save 4 or more units of power per day “

“A Solar power plant can save upto 95% of your power consumption”

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