I would have never guessed that energy sources can produce too much energy. Yet here we are. Hydro dams, turbines, and even gas wells are sometimes unprofitable. Even though energy isn’t always profitable to sell, there’s a powerful alternative that can fill your (virtual) wallet.
Welcome to the world of bitcoin mining, where you can generate wealth through the processing power of a computer, alone. Though this is a great opportunity, we must address the elephant in the room; energy is expensive. It’s not just expensive, it overwhelms the bitcoin mining process to the point where it might no longer be profitable. But don’t worry. We wouldn’t write this extensive article if there wasn’t a solution.
Mining bitcoin can be a great opportunity. The ability to earn money while you sleep is something that people have been pursuing for decades. As long as the operation is profitable, there’s no point in ever turning it off. Well, that’s the problem. Running a bitcoin mine isn’t cheap. Energy is expensive and often costs more than the amount of Bitcoin that you are awarded from the process.
To profitably mine bitcoin, you need to keep the cost of energy as low as possible. If you can accomplish this, you can start earning money in your sleep. You’re in luck. We have a great solution for this expensive problem.
Instead of seeking low-cost energy, why not use excess energy that is basically being thrown out? This sounds like it’s fake, but we guarantee it’s not. Energy sources aren’t always profitable. From hydro dams to gas wells, there are moments of unprofitability. For example, hydro dams that produce too much energy for the local grid to handle normally must shut off until the local grid uses the energy and needs more. The hydro dam basically shuts off for a while and sits there.
Instead of shutting down the hydro dam and it’s free source of energy (water), why not keep the water flowing and power a bitcoin mine? If the energy is there, and it simply cannot be sold profitably, it can be used to power an alternate source of money; a bitcoin mine.
The same goes for other sources of energy that sometimes aren’t profitable. Even for gas wells that cannot sell their vast amounts of energy due to market reasons, it can make sense to use that vast amount of excess energy to fuel efficient generators that power a bitcoin mine.
Liquihash, a leader and pioneer in the bitcoin mining / excess energy industry, can help create and manage a bitcoin mine that is powered by your excess energy source. As bitcoin mining experts, we will help you navigate the waters of bitcoin mining with clarity. Our goal is to help you earn more money through this lucrative and never-before-seen method.
Don’t waste good energy. Contact Liquihash today to learn more about our bitcoin mine creation and management services. If you own or run an energy source that sometimes produces excess energy, now is the time to create a secondary source of revenue through mining bitcoin.