Solar-Powered Bitcoin Mining Could Be a Very Profitable Business Model

It's official. The solar industry has met the 2020 utility-scale solar cost target set by the Energy Department's SunShot Initiative -- three years early.

The DOE released new research today that shows the average price of utility-scale solar is now under $1 per watt and below 6 cents per kilowatt-hour.

That’s higher than the record-breaking project bids we’ve seen in the U.S. and abroad in recent years. But that’s because DOE calculations for leveled cost of energy (LCOE) do not include subsidies -- such as the Investment Tax Credit -- and are based on the average climate in Kansas City, Missouri. (Note: We documented

Hurricane Irma has left millions people without electricity, as winds, rain and storm surges have brought down grid infrastructure across Florida and Georgia. With the storm still thrashing its way inland toward Alabama and the Carolinas, utilities are stuck waiting for safer conditions to assess the damage, before they can even begin to work on what is “likely to be one of the largest industry restoration efforts in U.S. history."

That’s how the Edison Electric Institute (EEI) trade group described the challenge facing utilities in the days and weeks to come. As of Monday morning, more than 6.1 million utility customers were without

Solar-Powered Bitcoin Mining Could Be a Very Profitable Business Model

In just five months, Suniva went from being another victim of a tough market to Solar Enemy Number One.

The journey to industry pariah began when Suniva filed a rare Section 201 trade complaint under the 1974 Trade Act, which seeks to impose tariffs on imported cells and a module floor price. That remedy could eliminate tens of gigawatts of solar installations compared to business as usual, according to GTM Research.

The Solar Energy Industries Association (SEIA) quickly picked up the lead in opposing that move, which has already caused uncertainty and affected prices as developers lock up modules.

(Editor's note: SEIA

Hurricane Irma has left millions people without electricity, as winds, rain and storm surges have brought down grid infrastructure across Florida and Georgia. With the storm still thrashing its way inland toward Alabama and the Carolinas, utilities are stuck waiting for safer conditions to assess the damage, before they can even begin to work on what is “likely to be one of the largest industry restoration efforts in U.S. history."

That’s how the Edison Electric Institute (EEI) trade group described the challenge facing utilities in the days and weeks to come. As of Monday morning, more than 6.1 million utility customers were without

Subtitle: 
The latest adventure for architectural pioneer Dave Sellers is a house built mostly from concrete
Images: 

An Yale-educated architect credited with helping launch the design/build movement 50 years ago is at work on a mostly concrete house with a flexible interior floor plan and an all-but-bulletproof exterior that shouldn't need any maintenance for as long as five centuries.

read more

Read more

US Residential Solar Market Forecast to Decline for the First Time

China has attempted a sharp pivot away from coal in recent years, banning imports at certain ports and suspending mine development in efforts to curtail pollution and potentially restructure its energy system.

Now the country’s vice minister of industry and information technology says China is also considering a ban on internal combustion engines.

The vice minister, Xin Guobin, said research on a ban is already underway, and that a timeline on possible implementation will come later. “Those measures will certainly bring profound changes for our car industry’s development,” he said at an auto industry event in Tianjin, according to a report from the Xinhua

GTM Research is announcing the launch of Trailblazers. The initiative’s goal is to engage with cleantech incubators to support the growth and evolution of early-stage companies.

At the inception of the program, six incubators have partnered with GTM Research:

“Established energy players, including utilities and technology companies are seeking greater

Bitcoin and other cryptocurrencies are now a major business, with the global market capitalization of these coins exceeding $170 billion at their recent peak, according to Coin Market Cap.

Bitcoin alone has reached over $70 billion in value, up from nothing when it was created just eight years ago.

A major issue with Bitcoin, which may eventually undermine success unless it is remedied, is the massive amount of power required for “mining” of the coins.

The mining metaphor is apt because bitcoins are created through specialized computers looking for the correct codes (hash keys), just like digging for gold. That electronic digging takes

About us...

Qatar Green Leaders is a Green Building Certification Management & Training Company, dedicated to helping its clients achieve the most feasible LEED / GSAS certification.

We are a privately-owned Qatari company established in June 2011 and operating from Doha, Qatar.

Follow QGL...

Newsletter

If you wish to receive our regular news & updates, please subscribe now to our newsletter:
captcha 
© 2017 Qatar Green Leaders. All Rights Reserved.

Search