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.
“Inflation,” is the word of the year. Everything is getting more expensive by the day, and that includes items you need to mine bitcoin. So, will it be profitable to mine bitcoin during inflation?
First, you need to view a bitcoin mine as a business; it’s either profitable, or it’s not. Many things can affect the profitability of your bitcoin mine, such as the cost of energy, the efficiency of miners, and the price of Bitcoin. Another factor that can greatly affect your operations is inflation.
As prices rise and the effectiveness of the dollar goes down, it’s smart to reevaluate your bitcoin mining strategies. The main factor that will determine if your bitcoin mine is profitable, or not, is the cost of energy. Your mine needs a steady flow of energy to process transactions on the blockchain, to be awarded with fresh Bitcoin. The solution is to utilize excess energy sources that were going to be wasted otherwise, sourced from hydroelectric dams, wind turbines, and even oil fields.
Inflation will rise and fall, but the best way to navigate seasons of intense inflation is to focus on keeping energy costs as low as possible. To do this, you must be creative. Like mentioned earlier, excess energy is the best route for this. It’s energy that would otherwise be wasted, so utilizing it to power a bitcoin mine is an incredibly smart option.
To make this concept clearer, imagine that you own a hydro dam. It runs all day and night, generating electricity for a nearby city. Well, sometimes your hydro dam produces too much electricity for the nearby city to use, so you would need to shut down your hydro dam and wait for the city to need electricity once it uses all that was produced earlier. Instead of shutting down the hydro dam, let it continue to produce electricity for free, and have it power the on-site bitcoin mine you just installed. Pretty smart, right?
By allowing your imaginary hydro dam to power your bitcoin mine, you essentially create a secondary source of income for your business, lightly diversifying your company’s cash flow. Diversification is a safe long-term option that is used by the best of entrepreneurs and investors. Why not apply it to your bitcoin mining operation?
Instead of sitting around, worrying about bitcoin during inflation, take a proactive approach and increase your company’s revenue streams through building and powering a bitcoin mine with your excess energy source.
Pivoting is an essential strategy that all businesses need to master to properly navigate and succeed in the market. You cannot expect to stay the same and continue to profit in the long run. As an owner or professional in the energy industry, you probably already understand this concept. Business is always changing, and the best companies expect to alter their business and marketing strategies regularly to keep their business relevant and profitable.
For example, think about the era when personal computers became a reality. At first, it seemed like a futuristic dream that only George Jetson, from The Jetsons, could expect to utilize daily. As computers became more advanced and programs were developed that helped people and businesses to automate and streamline their processes, the world began to accept the fact that personal computers were now a reality.
The companies that understood the power of the computer, and how it would one day change the world, became some of the most powerful and profitable companies to ever exist. At the time, everyone thought their companies were crazy and were betting a lot of money on a concept that would not become profitable.
These companies saw the opportunity and pivoted towards creating powerful computers that could help people. And as time went on, they continually pivoted as they saw even more opportunities in the personal computing industry. Learn from these stories. Understand that the future holds many new and powerful opportunities for your company. But you must be ready to act.
Don’t be like most companies that only accept powerful new technologies and opportunities once everyone else has already began the process. The first ones to act, are the ones to prosper. Bitcoin is a new technology that can change the future of your energy company forever. Don’t waste good energy. Utilize a bitcoin mine to transfer that wasted opportunity into valuable cash flow.
The time to act, is now. Bitcoin is here to stay, and Liquihash has created a lucrative opportunity for your company that can help your company grow. The choice is yours; will you leverage this powerful technology to significantly grow your company, or will you be left in the dust? This may seem like a harsh thing to hear, but we want you to fully realize the opportunity at hand.
Liquihash has been in the bitcoin mining industry for a while and serves to create and operate bitcoin mines that are powered by excess energy sources. If you own or operate an excess energy source of any kind, reach out to Liquihash and we will build and manage your bitcoin mine, or you can even allow us to pay you a regular royalty if you allow us to use your excess energy source to power our own future bitcoin mining operation.
If you’ve been worried about inflation affecting your bitcoin mine, now is the time to act. Visit Liquihash for more information.
It’s been a couple of rough weeks in the world of Bitcoin. The price has fallen for three consecutive weeks but shows signs of slowing down its rapid decent. Will Bitcoin bounce back? No one knows, but we have seen signs that buyers have been starting to gain control, enough to stabilize Bitcoin’s price, at least temporarily.
The price of Bitcoin may be in a difficult state right now, but bitcoin mining continues to be a profitable and efficient investment. Not in the traditional way, but through excess energy sources. By powering your bitcoin mine with excess energy sources, such as wind turbines, solar panels, and even hydro dams, you can increase the profitability of your operation by adding a secondary revenue stream.
A bitcoin mine can be a great secondary revenue stream for your energy operations. When the grid has too much power, and it’s time to shut off your energy source due to the unprofitable nature of the situation, turn on your bitcoin mine and let your energy source continue its operation. And once the grid needs more power, turn off the bitcoin mine and start selling power to the grid again.
If you own an energy source that sometimes creates excess energy, contact Liquihash for a free bitcoin mine consultation. We create and manage bitcoin mines powered by excess energy sources, so you don’t have to lift a finger.
Liquihash also has a secondary option where we create and manage a bitcoin mine that is powered by your excess energy source, but Liquihash pays you a regular royalty for the right to use your energy source to power our mine.
The first option is for those who wish to own the bitcoin mine which is powered by their excess energy source, and the second option is for those who do not wish to own the bitcoin mine that is powered by their excess energy source but wish to receive regular royalties.
Don’t waste good energy. Instead of turning off your bitcoin mine during times of unprofitability, keep your energy source running and power a bitcoin mine instead. Collect pieces of Bitcoin for your efforts, and it’s then your choice to immediately sell the Bitcoin or hold the Bitcoin in hopes that the value will rise.
Whatever strategy you choose, it can be very lucrative to power a bitcoin mine with your excess energy source. The total amount of Bitcoin in the world is finite, so the law of supply and demand is in effect. Like they say, “the best time to plant a tree was twenty years ago, the next best time is now.” Don’t wait any longer to increase your energy source’s profitability.
Click the button below to learn more about starting your bitcoin mine, powered by an excess energy source.
Most people have seen the dramatic fall in the price of Bitcoin over the last few weeks, and that drives the question, how do we profitably mine bitcoin during extreme volatility?
When you’re unsure of what to do with the Bitcoin that you are awarded for completing transactions on the blockchain through your bitcoin miner, you always have the option of immediately selling, in order to avoid the volatility altogether. There is a second option available, which is to hold the Bitcoin you were awarded, and hope that the price rises in value.
This option should only be taken if you are sure that the price of Bitcoin is going to rise. No one can really know if the price is going to rise, of course, but we can take calculated risks based off our individual trading strategies. For example, if the price of Bitcoin has fallen and you really believe it’s not going to go any further, this may be a time to start holding onto your newly awarded Bitcoin, in hopes that the price will rise.
It’s interesting to see that even those that mine bitcoin, instead of purchasing it, must make trading decisions. Some may sell immediately, others may hold. You must take one of these two options, or even a blend of the two, possibly selling your awarded Bitcoin immediately during bear markets, and holding onto your awarded Bitcoin during bull markets, for example.
Don’t go into bitcoin mining thinking that you don’t ever have to worry about the Bitcoin markets. Think about your business plan regarding bitcoin mining and figure out what the best plan of action is.
Now that you have addressed the very important issue of deciding whether to sell or hold your awarded Bitcoin, one of the next questions to ask yourself is, how do I earn more money mining bitcoin? There are many factors to consider when making a proper plan to increase the profitability of your bitcoin mining operation. The cost of energy to power your mine, the cost of the miners, and future government regulations are all important to think about.
Why Does it Take So Much Energy to Mine Bitcoin?
One of the most important aspects to creating a profitable bitcoin mining operation is dealing with the high cost of energy. Why does it take so much energy to mine bitcoin, you ask? Great question! When the average bitcoin mine is powered by an average energy source, such as electricity from a power plant, it becomes difficult to profitably mine bitcoin.
The cost of energy is high, and the amount of Bitcoin you are awarded for processing bitcoin transactions within the blockchain through your bitcoin mine is low. The two have a history of canceling each other out, or even costing you money to operate your miner.
We don’t really know why energy costs so much (the basic rules of supply and demand, probably), but we do know why it’s not entirely profitable to use average energy sources, which is mainly due to the small amount of Bitcoin you are awarded.
They key to running a profitable bitcoin mine is to lower the cost of energy. The best way to do this is to utilize energy sources that are in excess. For example, hydro dams create electricity for their grid, but there are points in time where that grid cannot fully consume the massive amounts of electricity which are being produced. During these times, hydro dams may shut off their operations. Their electricity isn’t being purchased, so why run the hydro dam?
In this situation, the company that operates the hydro dam could take a much more profitable approach. Instead of turning off the hydro dam, they could activate their already-installed bitcoin mine, and power it from the excess energy that the dam is producing.
This approach can be taken with many other energy sources: wind turbines, ocean turbines, solar panels, even fossil fuels. This is a profitable way to power a bitcoin mine and a great idea for increasing the profitability of an energy source by adding a second revenue stream. It’s always nice to add some diversification to a business plan.
Liquihash specializes in creating and managing bitcoin mines that are powered by excess energy sources. The mine can be owned by the company that owns the excess energy source, or you may choose to allow Liquihash to build and manage their own bitcoin mining operation on the excess energy source, while paying you a regular royalty. Want to learn more? Check out our website by clicking the button below.
Energy sources go through seasons of profitable and non profitability. We would like to imagine that hydro dams (for example) are always creating power for people to use, but sometimes it can produce too much energy that is too much for the grid to handle, so it’s temporarily shut off. This is a great opportunity to put that fresh power to use for something else.
Within the last decade, the word “bitcoin” has dramatically risen and changed our vocabulary forever. With the development of this new technology and software, a new opportunity has revealed itself; bitcoin mining.
Liquihash has identified an amazing opportunity for anyone with excess energy sources. We learned that the best time to power a bitcoin mine is when an energy source creates too much power. In normal situations, the power source would be shut off to avoid wasting energy. Now, you can leave the energy source on and switch your bitcoin mine to “on.”
Not only can you now turn unprofitable energy into increased profits, but this opens up another stream of income for your energy source / business. Diversification is a strategy used by many to lower the amount of risk taken in an investment or business venture. By adding another stream of diversified revenue, you can increase your company’s profits and diversify where those profits come from.
When your bitcoin mine is running off of excess energy that would normally be wasted or avoided entirely, your mine will be awarded bitcoin based on the amounts of bitcoin transactions it completes for others. Bitcoin is decentralized, meaning there is no headquarters. So it utilizes other people’s computers (bitcoin mines) to get the job done. Allowing bitcoin transactions to be calculated and executed by your bitcoin mine will result in rewards in the form of bitcoin.
Once you have bitcoin that was awarded to you for your mine’s hard work, you can either hold onto it, or sell it for cash. It’s your decision. Holding onto bitcoin will expose you to the powerful sways of the market, and selling for cash will secure your earnings in the form of USD.
This opportunity to create additional revenue streams by mining bitcoin at your excess energy source is something you should not overlook. Liquihash can work with any kind of energy source. We can also pay you a royalty fee for your excess energy, if you don’t wish to own a bitcoin mine, so we can power our own bitcoin mines.
Whichever opportunity you decide to take, Liquihash is here to help. With great experience in the bitcoin mining industry, our team is ready to create & manage a bitcoin mine at your excess energy source.
Now is your chance to start mining bitcoin at your excess energy source, with the help of Liquihash. Stop wasting energy and start producing financial results through powering a lucrative bitcoin mine. Just give us a call and we can discuss everything you need to know about this process.
