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Solar Mining: Does It Work?

21.08.2018 — 0

There are lots of people out there who are sure mining with solar plants is possible. There are even more sources claiming the same.

Solar DAO‘s CEO Dmitriy Solodukha on real possibilities of solar mining

Today, I will explain if mining with solar is profitable and how it really works.

Let me be straightforward with you, saying it is possible to mine with solar energy. But one needs to realize what is left behind the scene. So, here we are.

First and foremost, the cost of production of photo electricity is still rather high. The mining though, requires minimum electricity costs. For example, in summertime a regular solar power plant produces electricity in the period from 9 to 16. The point is it does so during only one hour and a half at the peak of its day activity per day. In winter, the amount is even less.

What Real Impact Does It Have on a Mining Rig?

Connected to a Solar Plant, a 1 MW miner works productively about 1 hour a day. For the miner to pay off, it must work out in a 24/7 mode until it malfunction, which is about 2-3 years.
The area of a 1 MW Solar Plant is about 2 hectares, the size of 2 international rugby fields!

“Well, okay, but you can build a solar plant with some additional capacity” you might say.
Sure, you can. By taking into account the amount of grid power that a miner needs.

Let’s Do Some Math

Solar Farm’s day peak production

As an 1 MW miner operates 24 hours a day. It needs 24h 1 MW which equals 24 MWh per day.

Let’s say we take the average energy output per year. In order to get 24 MWh per day, we need 24 MWh/3 h = 8 MW. Meaning for one 1 MW miner, an 8 MW solar plant is needed.
And again, this is not to mention drastic ups and downs of solar activity. Given this, an accumulation system is required, which for 8 MW, will account for about another quarter of the field of storage containers. The price will respectively go up from $800 to $3000 per kW of installed capacity.

So you see, it can be done, but are huge energy bills worth it?

Being asked on a daily about solar mining companies, which are on the market, we want to address the Envion question here, too.
The company’s become known for using the power of sun in mining, but the mechanism they use is still not clear for most of us. Here is Solar DAO‘s guess to how it works.


First, a miner must be connected to the grid, but we all know how expensive electricity usually is. The question appears: how profitable is it? Along with that, another miner is being connected to a solar plant so solar energy would replace regular electricity.

The good news is you can save up to 10-12% of your financial assets per year. 一 Not bad, but again is all the pre-work worth that? And no one can guarantee that energy gained this way will be cheaper.

“In what cases can energy be cheaper?" If, for example, it costs $160 per MW in grid power like in Israel or the Baltic States, and solar power it will cost about $90 per MW, as, for example, in Israel, Portugal, etc. Remember that in the Baltic States there is no solar option!

And last but not least, to solar mine effectively, a tariff must be about $60/MWh or lower, which is also a rather hard to get.

As you can see, solar mining is possible, but its successful and profitable implementation has numerous challenges to it.
To do it right, you must consider a bunch of tricky moments, and spend much money on maintenance 24/7.

Is it worth it? The choice is up to you.

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SDAO Tokens on YOBIT

20.12.2017 — 0

We are glad to present: another exchange with our tokens: YOBIT.
**Link to the cabinet: ** is a well known crypto-exchange that supports the exchange of SDAO to Bitcoin (and contrariwise). is a trading platform for a wide range of cryptocurrencies similar to Bitcoin. Account at website is completely legal and cryptocurrency trade is allowed by legislation of nearly all the countries worldwide.

You can check the interface of the market and ask us if you need any help using this service.

We remind you that Solar DAO will continue to place tokens on other decentralized exchanges. Tokensale will start on February 28, 2018 and will not be limited in time.

To know all the latest announcements, subscribe to our chat in Telegram****and also to the **official newsletter — **

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Israel can finally legitimize Bitcoin

22.11.2017 — 0

Ambiguity in matters of law is always a problem. This is the case with the use of bitcoins in Israel, where citizens have not yet received a formal decision from the state on this issue. 
However, this problem can be finally solved.

On Tuesday, it was announced that the Ministry of Finance of Israel will create a working group on digital currencies together with the heads of large accounting firms and relevant professional chambers.

Israel, perhaps, will create clear rules with respect to bitcoins. This was decided at a meeting initiated by Finance Minister Moshe Kalon with the same bodies that had previously reported that Israel was not yet ready to deal with the issue of digital currencies.

One of those who insisted on considering the problem is an Israeli entrepreneur and a bitcoin supporter Moshe Hogeg. Last month, he met with the Minister of Finance to discuss issues of blockchain and cryptocurrencies.

In his speech, Hogeg said that he was very pleased that the minister was meeting halfway. In addition, he added: “Committees will start their activities very quickly. I think we will see clear results within six months. “

Current state of affairs

As mentioned above, the current lack of official regulations on bitcoin created a lot of problems in Israel for both individual users and business in this area.
In June, the Tel Aviv District Court ruled that banks can refuse to service businesses associated with bitcoin (eg, exchanges) because of the inability of banks to conduct a full audit. 
And at the beginning of the year, the Israeli tax administration ruled that if bitcoin is not legally defined as a currency, its sale will be taxed with a number of taxes that could seriously interfere with the implementation of the crypto currency.

It is also necessary to remember that any proposals will eventually come out for general discussion and are unlikely to find broad support. It is known that at least one high-ranking Israeli public official is very concerned about the dangerous potential of the cryptocurrency, and will certainly express his opinion.

Professor Shmuel Hauser, head of the Israeli Securities Agency (ISA), spoke in favor of “paternalism” with respect to both ICO and bitcoins. Since then, the ISA has set up its own committee to discuss possible rules and resolve the issue of crypto-currency in Israel.

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