Anadro - Mine bitcoin with your roof \ stacker news ~bitcoin

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Anadro - Mine bitcoin with your roof www.anadro.com/

1223 sats \ 10k boost \ 22 comments \ @k00b 12h bitcoin_Mining

This company is doing something similar to flare gas mining, but their stranded energy is the sunlight hitting your roof.

From Troy Cross's thread:

If you have a qualifying home in CA, @anadroenergy will install a solar system for you, complete with backup batteries, as well as bitcoin miners, for free. You pay nothing for this.

But you do pay them for the electricity you use that's generated by your own roof. They charge you the lowest utility electrical rate.

You also receive 80% of the bitcoin mined by the machines at your home with your own power. They take the other 20% of the bitcoin.

So they are functioning mostly like a utility company, but:

using your real estate
hedging their installation with bitcoin mining

I'd guess you're also paying them for the electricity that's used to generate your bitcoin, including the 20% of the bitcoin you're paying them (which I find confusing frankly).

It sounds amazing. I'd be really curious how the economics of all of this breaks down. It's the only thing left to be skeptical about.

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158 sats \ 0 replies \ @BlokchainB 6h

I think this model breaks down for two reasons

The capital expenditure for acquiring the miners and installing the solar panels makes the pay back period very long.
Hash rate grows and price stagnates. Thus the difficulty adjustment restricts your expected sat revenues.

Solar and miners haven’t hit economies of scale pricing meaning only the affluent are people able to afford to do both.

Until that happens growth will always be limited thus this company business model breaks down.

Or bitcoin rips and it is the tide that lifts all boats

159 sats \ 2 replies \ @freetx 10h

From the FAQ:

How much bitcoin does it mine everyday?

The amount of bitcoin mined depends on a variety of factors (system size, sun hours, home electricity consumption, etc). Today we’re seeing a range from 1,000sat - 1,800sat

So thats 1000 sats today but mining yield generally drops by 30% per year.

So even if we are optimistic and say it will only drop 20% per year, thats 1,226,984 total sats mined over a 5 year period. You will keep 80% of that so you get 981,000 sats.

Not sure how economically viable that is....but I guess at 1M BTC it pays for the monthly electricity use....

27 sats \ 1 reply \ @Bell_curve 9h

1 btc = 1 million dollars = 100 million pennies = 100 million Satoshi

Ergo 1 Satoshi will = 1 cent

160 sats \ 0 replies \ @freetx 8h

Yea, so 12,269.84 over 5 years is 2453 per year....204 per month....

The big issue though is that I think hash rate will probably go up 10x if price goes up 10x....so I think your actual BTC yield from mining will be much lower

25 sats \ 0 replies \ @jasonb 6h

This looks like a big deal!

39 sats \ 0 replies \ @WeAreAllSatoshi 12h

The title of this post is more interesting than the reality, but it’s still cool

33 sats \ 0 replies \ @DarthCoin 12h

This could be the future. I like it.

21 sats \ 0 replies \ @Imyourfed 12h

This is really very cool! Love the idea.

21 sats \ 9 replies \ @Satosora 12h

I feel like this is a dont pay now, but end up paying later scheme. In essense you are paying them to put stuff on your property, take space on your property ,and have to continuially pay them to operate it. In the long run, it would be better to buy everything outright amd set it up yourself.

41 sats \ 8 replies \ @k00b OP 12h

In the long run

O Time, Time, worthfore art thou Time (as my friend Juliet likes to exclaim)

34 sats \ 6 replies \ @Satosora 11h

But do you get what l mean? You arent letting them use your property for free, you are actually paying them forever.

31 sats \ 0 replies \ @k00b OP 11h

Yes, I understand cynicism very well. :)

10 sats \ 1 reply \ @Bell_curve 9h

Property taxes are never ending

11 sats \ 0 replies \ @Satosora 9h

Mayne it is another givernment trap sk they can own the mining pool?

0 sats \ 2 replies \ @OgFOMK 11h

You can sit down with them and do the numbers. There had to be a very good incentive for them to up front invest in all of this and there had to be an incentive for you to give them some space to do so.

10 sats \ 1 reply \ @Bell_curve 9h

Government subsidies?

11 sats \ 0 replies \ @OgFOMK 8h

I don't know. But if I'm approached by one of these guys I would do a sit downv and evaluate the model. Places with a lot of sun are great for solar.

I've set up a solar farm before and a 16 by 10 foot array can kill you if it's energized improperly.

0 sats \ 0 replies \ @Bell_curve 9h

In the long run we are all dead

Also track 3 of dark side of the moon 🌙

11 sats \ 0 replies \ @OT 1h

Sounds too good to be true.

0 sats \ 0 replies \ @Bell_curve 6h

Anadro Energy is based in San Diego (based on their X page)

0 sats \ 0 replies \ @Shugard 6h

Interesting use case, but will it be worth it is the real question.

0 sats \ 0 replies \ @nitter 12h bot

https://xcancel.com/thetrocro/status/1870342559593357637