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Large-Scale Solar-Powered Bitcoin Mining Operations
We bet that some of you are tempted to construct a solar-powered Bitcoin mining facility that is large enough to operate on a utility-scale.
This section is for you if you’re wondering whether or not this option is a good one. Let’s take a hypothetical large-scale mining operation through its entire process step by step. This will allow you to determine whether or not this option is a good fit for you.
Scenario One – (10 Mining Units)
| Bitcoin Miner | Antminer S19 Pro |
| Location: | California |
| Total monthly consumption: | 23,400 kWh |
| Solar System Size: | 150 kW |
| Rough Rig Cost: | $100,000 |
| Rough Solar System Cost: | $258,000 |
| Total Cost Estimate: | $358,000 |
| Monthly Income: | $5,946 |
| ROI: | 5 years |
Scenario Two – (25 Mining Units)
| Bitcoin Miner | Antminer S19 Pro |
| Location: | California |
| Total monthly consumption: | 58,500 kWh |
| Solar System Size: | 375 kW |
| Rough Rig Cost: | $250,000 |
| Rough Solar System Cost: | $645,000 |
| Total Cost Estimate: | $895,000 |
| Monthly Income: | $14,865 |
| ROI: | 5 Years |
Scenario Three – (50 Mining Units)
| Bitcoin Miner | Antminer S19 Pro |
| Location: | California |
| Total monthly consumption: | 117,000 kWh |
| Solar System Size: | 750 kW |
| Rough Rig Cost: | $500,000 |
| Rough Solar System Cost: | $1,290,000 |
| Total Cost Estimate: | $1,790,000 |
| Monthly Income: | $29,730 |
| ROI: | 5 Years |
Scenario Four – (250 Mining Units)
| Bitcoin Miner | Antminer S19 Pro |
| Location: | California |
| Total monthly consumption: | 585,000 kWh |
| Solar System Size: | 3,750 kW |
| Rough Rig Cost: | $2,500,000 |
| Rough Solar System Cost: | $3,525,000 |
| Total Cost Estimate: | $6,025,000 |
| Monthly Income: | $149,575 |
| ROI: | 3,35 Years |
Please be aware that the aforementioned calculations only represent rough estimates and are based on the assumption that your electricity costs $0.12 per kWh. The costs associated with installation and maintenance are also not considered. Last but not least, this entire operation requires room, and that means land. The price of land was never taken into consideration because it is so subjective.
You’ll observe that the size of the Bitcoin mining operation affects how quickly your investment pays off.
This is mainly because as you get closer to utility-grade solar system sizes, the cost per watt starts to drop (substantially).
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